GSA Capital Partners LLP Has $280,000 Stock Position in Tri Pointe Homes, Inc. (NYSE:TPH)

GSA Capital Partners LLP boosted its position in Tri Pointe Homes, Inc. (NYSE:TPH) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,189 shares of the construction company’s stock after acquiring an additional 258 shares during the period. GSA Capital Partners LLP’s holdings in Tri Pointe Homes were worth $280,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Entropy Technologies LP bought a new stake in shares of Tri Pointe Homes in the 3rd quarter valued at $358,000. Los Angeles Capital Management LLC increased its position in Tri Pointe Homes by 132.8% during the third quarter. Los Angeles Capital Management LLC now owns 58,779 shares of the construction company’s stock worth $2,663,000 after buying an additional 33,528 shares during the last quarter. Atria Investments Inc boosted its position in Tri Pointe Homes by 30.0% during the third quarter. Atria Investments Inc now owns 15,839 shares of the construction company’s stock worth $718,000 after purchasing an additional 3,653 shares during the period. Innealta Capital LLC lifted its position in Tri Pointe Homes by 24.9% during the third quarter. Innealta Capital LLC now owns 4,905 shares of the construction company’s stock worth $222,000 after acquiring an additional 978 shares during the last quarter. Finally, Reston Wealth Management LLC acquired a new stake in shares of Tri Pointe Homes during the third quarter worth $45,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Zelman & Associates upgraded Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target on the stock in a research report on Tuesday, September 17th. Oppenheimer decreased their price objective on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Wedbush restated a “neutral” rating and issued a $42.00 target price on shares of Tri Pointe Homes in a report on Thursday, October 24th. Finally, Royal Bank of Canada cut their target price on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.75.

Insider Transactions at Tri Pointe Homes

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the sale, the general counsel now directly owns 85,792 shares in the company, valued at $3,798,869.76. This represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Tri Pointe Homes Price Performance

Shares of NYSE:TPH opened at $42.62 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The stock has a market cap of $3.99 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 0.68 and a beta of 1.60. Tri Pointe Homes, Inc. has a 1-year low of $28.74 and a 1-year high of $47.78. The stock’s fifty day simple moving average is $43.26 and its two-hundred day simple moving average is $41.53.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.11. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The company’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.76 earnings per share. As a group, analysts forecast that Tri Pointe Homes, Inc. will post 4.72 EPS for the current fiscal year.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia.