Could Tri Pointe Group Inc (NYSE:TPH) See a Reversal After More Sellers Came In?

October 13, 2018 - By Marguerite Chambers

Investors sentiment increased to 1.1 in Q2 2018. Its up 0.15, from 0.95 in 2018Q1. It increased, as 23 investors sold TRI Pointe Group, Inc. shares while 76 reduced holdings. 30 funds opened positions while 79 raised stakes. 168.04 million shares or 0.47% less from 168.84 million shares in 2018Q1 were reported.
Canada Pension Plan Invest Board reported 383,400 shares stake. Moreover, Strs Ohio has 0.02% invested in TRI Pointe Group, Inc. (NYSE:TPH) for 245,400 shares. Legal And General Group Public Limited Liability Company invested in 0% or 148,914 shares. Sg Americas Securities Ltd Llc has 60,526 shares for 0.01% of their portfolio. First Tru Advisors L P reported 167,581 shares. Element Ltd Co holds 24,620 shares. Walleye Trading Ltd Co holds 0% or 12,067 shares. Boston holds 158,850 shares or 0% of its portfolio. Pictet Asset Mngmt invested 0.06% in TRI Pointe Group, Inc. (NYSE:TPH). Los Angeles Cap Mngmt Equity Rech owns 14,825 shares. Moreover, Arizona State Retirement has 0.02% invested in TRI Pointe Group, Inc. (NYSE:TPH). Royal Natl Bank Of Canada accumulated 436,874 shares. Missouri-based American Century has invested 0% in TRI Pointe Group, Inc. (NYSE:TPH). Wolverine Asset Ltd Co holds 109,839 shares. Peddock Cap Advsr Limited Liability Corp holds 0.01% or 1,584 shares in its portfolio.

Since April 27, 2018, it had 0 insider purchases, and 5 selling transactions for $3.83 million activity. 100,000 shares were sold by GRUBBS MICHAEL D., worth $1.76M on Friday, May 25. Shares for $188,723 were sold by KEELER GLENN J. on Monday, April 30.

The stock of Tri Pointe Group Inc (NYSE:TPH) registered an increase of 10.94% in short interest. TPH’s total short interest was 16.92 million shares in October as published by FINRA. Its up 10.94% from 15.25 million shares, reported previously. With 1.71 million shares average volume, it will take short sellers 10 days to cover their TPH’s short positions. The short interest to Tri Pointe Group Inc’s float is 11.28%.

The stock decreased 1.90% or $0.22 during the last trading session, reaching $11.35. About 2.25M shares traded or 2.21% up from the average. TRI Pointe Group, Inc. (NYSE:TPH) has risen 8.71% since October 13, 2017 and is uptrending. It has underperformed by 6.91% the S&P500.

TRI Pointe Group, Inc., through its subsidiary, TRI Pointe Homes, Inc., engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company has market cap of $1.73 billion. It also manufactures and sells land and lots. It has a 6.83 P/E ratio. The firm operates a portfolio of six brands across eight states, including Maracay Homes in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California and Colorado; and Winchester Homes in Maryland and Virginia.

TRI Pointe Group, Inc. (NYSE:TPH) Ratings Coverage

Among 8 analysts covering TRI Pointe Group (NYSE:TPH), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. TRI Pointe Group had 11 analyst reports since April 27, 2018 according to SRatingsIntel. As per Thursday, September 20, the company rating was downgraded by Wedbush. The rating was maintained by Citigroup with “Neutral” on Monday, July 30. The rating was initiated by Citigroup on Tuesday, June 19 with “Hold”. The stock of TRI Pointe Group, Inc. (NYSE:TPH) has “Buy” rating given on Monday, July 30 by FBR Capital. Buckingham Research maintained the shares of TPH in report on Monday, July 30 with “Buy” rating. The firm has “Hold” rating given on Tuesday, July 31 by Deutsche Bank. The firm earned “Market Outperform” rating on Friday, April 27 by JMP Securities. Evercore downgraded the stock to “Underperform” rating in Monday, October 1 report. The stock has “Market Outperform” rating by JMP Securities on Thursday, October 11. On Monday, July 30 the stock rating was maintained by JMP Securities with “Market Outperform”.

TRI Pointe Group, Inc. (NYSE:TPH) Institutional Positions Chart

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