Mcclain Value Management Lowers stake in TRI Pointe Group Inc (TPH)

TRI Pointe Group Inc (TPH) : Mcclain Value Management reduced its stake in TRI Pointe Group Inc by 55.68% during the most recent quarter end. The investment management company now holds a total of 532,443 shares of TRI Pointe Group Inc which is valued at $5,979,335 after selling 668,912 shares in TRI Pointe Group Inc , the firm said in a disclosure report filed with the SEC on May 3, 2016.TRI Pointe Group Inc makes up approximately 4.87% of Mcclain Value Management’s portfolio.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in TPH in the latest quarter, The investment management firm added 2,060 additional shares and now holds a total of 48,560 shares of TRI Pointe Group Inc which is valued at $545,329. TRI Pointe Group Inc makes up approx 0.04% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Rhumbline Advisers boosted its stake in TPH in the latest quarter, The investment management firm added 25,269 additional shares and now holds a total of 341,028 shares of TRI Pointe Group Inc which is valued at $3,829,744. TRI Pointe Group Inc makes up approx 0.01% of Rhumbline Advisers’s portfolio.Quadrant Capital Group boosted its stake in TPH in the latest quarter, The investment management firm added 443 additional shares and now holds a total of 909 shares of TRI Pointe Group Inc which is valued at $10,544. TRI Pointe Group Inc makes up approx 0.01% of Quadrant Capital Group’s portfolio.Orca Investment Management reduced its stake in TPH by selling 10,628 shares or 4.56% in the most recent quarter. The Hedge Fund company now holds 222,347 shares of TPH which is valued at $2,579,225. TRI Pointe Group Inc makes up approx 2.85% of Orca Investment Management’s portfolio.Advisory Services Network boosted its stake in TPH in the latest quarter, The investment management firm added 954 additional shares and now holds a total of 1,108 shares of TRI Pointe Group Inc which is valued at $13,684.

TRI Pointe Group Inc opened for trading at $11.35 and hit $11.465 on the upside on Tuesday, eventually ending the session at $11.38, with a gain of 0.71% or 0.08 points. The heightened volatility saw the trading volume jump to 8,11,111 shares. Company has a market cap of $1,844 M.

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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