Qsemble Capital Management LP Makes New Investment in Taylor Morrison Home Co. (NYSE:TMHC)

Qsemble Capital Management LP acquired a new position in shares of Taylor Morrison Home Co. (NYSE:TMHC) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 9,952 shares of the construction company’s stock, valued at approximately $552,000.

Several other hedge funds have also recently bought and sold shares of TMHC. International Assets Investment Management LLC lifted its position in Taylor Morrison Home by 9,467.3% during the fourth quarter. International Assets Investment Management LLC now owns 14,351 shares of the construction company’s stock worth $766,000 after acquiring an additional 14,201 shares during the last quarter. Natixis Advisors L.P. raised its position in shares of Taylor Morrison Home by 8.2% in the fourth quarter. Natixis Advisors L.P. now owns 16,687 shares of the construction company’s stock valued at $890,000 after buying an additional 1,268 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Taylor Morrison Home by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,044,133 shares of the construction company’s stock valued at $55,704,000 after buying an additional 21,799 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Taylor Morrison Home by 29.5% in the fourth quarter. BNP Paribas Financial Markets now owns 89,401 shares of the construction company’s stock valued at $4,770,000 after buying an additional 20,354 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of Taylor Morrison Home by 14.4% in the fourth quarter. QRG Capital Management Inc. now owns 11,481 shares of the construction company’s stock valued at $613,000 after buying an additional 1,444 shares in the last quarter. 95.16% of the stock is currently owned by institutional investors and hedge funds.

Taylor Morrison Home Stock Up 5.1 %

Shares of TMHC opened at $68.66 on Friday. Taylor Morrison Home Co. has a one year low of $37.23 and a one year high of $69.62. The company has a market cap of $7.16 billion, a P/E ratio of 9.82 and a beta of 1.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.01 and a quick ratio of 0.67. The firm has a 50 day simple moving average of $63.68 and a two-hundred day simple moving average of $59.50.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.91 by $0.06. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.87 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. Research analysts forecast that Taylor Morrison Home Co. will post 8.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director William H. Lyon sold 1,741 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $68.03, for a total transaction of $118,440.23. Following the sale, the director now owns 2,195,316 shares of the company’s stock, valued at $149,347,347.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Taylor Morrison Home news, Director William H. Lyon sold 1,741 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $68.03, for a total transaction of $118,440.23. Following the sale, the director now owns 2,195,316 shares of the company’s stock, valued at $149,347,347.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William H. Lyon sold 30,000 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the sale, the director now directly owns 2,225,316 shares in the company, valued at approximately $147,560,703.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,000 shares of company stock valued at $5,966,317. 3.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Royal Bank of Canada lifted their price target on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Wedbush reiterated a “neutral” rating and issued a $65.00 price target (up from $61.00) on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Raymond James began coverage on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price target for the company. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.17.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.