Cypress Funds buys $20,128,000 stake in TRI Pointe Group Inc (TPH)

TRI Pointe Group Inc (TPH) : Cypress Funds scooped up 350,000 additional shares in TRI Pointe Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 1,480,000 shares of TRI Pointe Group Inc which is valued at $20,128,000.TRI Pointe Group Inc makes up approximately 5.60% of Cypress Funds’s portfolio.

Other Hedge Funds, Including , Investment Counselors Of Maryland boosted its stake in TPH in the latest quarter, The investment management firm added 288,350 additional shares and now holds a total of 1,710,109 shares of TRI Pointe Group Inc which is valued at $23,342,988. TRI Pointe Group Inc makes up approx 1.21% of Investment Counselors Of Maryland’s portfolio.Greenhaven Associates Inc boosted its stake in TPH in the latest quarter, The investment management firm added 34,500 additional shares and now holds a total of 5,009,519 shares of TRI Pointe Group Inc which is valued at $67,177,650. TRI Pointe Group Inc makes up approx 1.26% of Greenhaven Associates Inc’s portfolio. Wright Investors Service Inc added TPH to its portfolio by purchasing 19,410 company shares during the most recent quarter which is valued at $260,288. TRI Pointe Group Inc makes up approx 0.10% of Wright Investors Service Inc’s portfolio.North Star Investment Management Corp. boosted its stake in TPH in the latest quarter, The investment management firm added 32,000 additional shares and now holds a total of 92,000 shares of TRI Pointe Group Inc which is valued at $1,205,200. TRI Pointe Group Inc makes up approx 0.22% of North Star Investment Management Corp.’s portfolio.

TRI Pointe Group Inc closed down -0.26 points or -1.90% at $13.42 with 30,84,518 shares getting traded on Wednesday. Post opening the session at $13.67, the shares hit an intraday low of $13.41 and an intraday high of $13.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, TRI Pointe Group Inc reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.29. The company had revenue of $556.93 million for the quarter, compared to analysts expectations of $548.75 million. The company’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Many Wall Street Analysts have commented on TRI Pointe Group Inc. Company shares were Reiterated by FBR Capital on Jul 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 17 from a previous price target of $15 .

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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