Orca Investment Management Lowers stake in TRI Pointe Group Inc (TPH)

TRI Pointe Group Inc (TPH) : Orca Investment Management reduced its stake in TRI Pointe Group Inc by 4.56% during the most recent quarter end. The investment management company now holds a total of 222,347 shares of TRI Pointe Group Inc which is valued at $2,579,225 after selling 10,628 shares in TRI Pointe Group Inc , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.TRI Pointe Group Inc makes up approximately 2.85% of Orca Investment Management’s portfolio.

TRI Pointe Group Inc opened for trading at $11.64 and hit $11.89 on the upside on Monday, eventually ending the session at $11.79, with a gain of 1.64% or 0.19 points. The heightened volatility saw the trading volume jump to 13,47,231 shares. Company has a market cap of $1,911 M.

Other Hedge Funds, Including , Louisiana State Employees Retirement System boosted its stake in TPH in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 40,400 shares of TRI Pointe Group Inc which is valued at $468,640. TRI Pointe Group Inc makes up approx 0.02% of Louisiana State Employees Retirement System’s portfolio. Integrated Wealth Management sold out all of its stake in TPH during the most recent quarter. The investment firm sold 105 shares of TPH which is valued $1,297. Strs Ohio sold out all of its stake in TPH during the most recent quarter. The investment firm sold 9,700 shares of TPH which is valued $119,795.New York State Teachers Retirement System boosted its stake in TPH in the latest quarter, The investment management firm added 8,300 additional shares and now holds a total of 49,800 shares of TRI Pointe Group Inc which is valued at $615,030. Franklin Street Advisors Inc Nc added TPH to its portfolio by purchasing 33,850 company shares during the most recent quarter which is valued at $420,417. TRI Pointe Group Inc makes up approx 0.08% of Franklin Street Advisors Inc Nc’s portfolio.

On the company’s financial health, TRI Pointe Group Inc reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.15. The company had revenue of $424.00 million for the quarter, compared to analysts expectations of $408.60 million. The company’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on TRI Pointe Group Inc. Company shares were Reiterated by FBR Capital on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 15 from a previous price target of $13 .TRI Pointe Group Inc was Initiated by Susquehanna to “Positive” on Mar 30, 2016. Shares were Reiterated by Deutsche Bank on Mar 18, 2016 to “Buy” and Lowered the Price Target to $ 17 from a previous price target of $18 .

TRI Pointe Group Inc. formerly Tri Pointe Homes Inc. is engaged in the design construction and sale of single-family homes. The Company’s operations are organized into six segments: Maracay consisting of operations in Arizona; Pardee consisting of operations in California and Nevada; Quadrant consisting of operations in Washington; Trendmaker consisting of operations in Texas; TRI Pointe consisting of operations in California and Colorado and Winchester consisting of operations in Maryland and Virginia. The Company operates approximately 108 communities and 29718 lots owned or controlled. The Company sells its homes through its own sales representatives and through independent real estate brokers.

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