Company shares last traded at $15.49 quite a bit above $13.76, the 50 day moving average and much higher than the 200 day moving average of $13.10. The 50 day moving average went up by +12.58% whereas the 200 day moving average was up $2.39 or +18.21%. 2,457K shares changed hands in the last trading session. Overall, volume was up 38.74% over the stocks normal daily volume.
Investors are more bullish on TRI Pointe Group, Inc. lately as evidenced by the change in short interest. The firm saw a fall in short interest of -14.35% as of the latest report on September 29, 2017. Short shares decreased from 23,636,649 to 20,245,528 over that timeframe. With short interest at 20,245,528 and short average daily volume at 1,346,729, the short-interest ratio is 15.0 and the short interest percentage is 0.13% as of September 29.
Here is a rundown on some insider market activity for TRI Pointe Group, Inc. (NYSE:TPH). CFO Michael D. Grubbs sold 300,000 shares at a price of $15.01 on October 19th. Grubbs now owns $7,438,731 of stock as reported to the SEC.
The following firms have recently changed their position in TPH. Creative Planning downsized its position by selling 6,220 shares a decrease of 18.6% from 06/30/2017 to 09/30/2017. Creative Planning now controls 27,199 shares with a value of $376,000. The value of the position overall is down by 14.7%. Meeder Asset Management Inc added to its stake by buying 283 shares an increase of 9.7%. Meeder Asset Management Inc owns 3,199 shares worth $44,000. The total value of its holdings increased 18.9%.
As of the end of the quarter Mutual Of America Capital Management LLC had disposed of 7,276 shares trimming its stake by 5.5%. The value of the company’s investment in TRI Pointe Group, Inc. decreased from $1,741,000 to $1,722,000 a change of $19,000 for the reporting period. As of quarter end State Treasurer State Of Michigan had sold a total of 8,700 shares trimming its holdings by 13.3%. The value of the total investment in TRI Pointe Group, Inc. went from $865,000 to $786,000 decreasing 9.1% quarter to quarter.
The company currently has a P/E ratio of 18.40 and market capitalization is 2.34B. In the latest earnings report the EPS was $0.84 and is projected to be $1.33 for the current year with 151,338,000 shares now outstanding. Next quarter’s EPS is expected be $0.63 and the next full year EPS is projected to be $1.47.
TRI Pointe Group, Inc., launched on May 28, 2015, is a homebuilder company. The Business’s operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia. Its financial services operation (TRI Pointe Solutions) includes mortgage financing operations and title services operations. Its mortgage financing operation (TRI Pointe Connect) provides mortgage financing to its homebuyers in all of its operated markets. Its title services operation (TRI Pointe Assurance) provides title examinations for its homebuyers in its Trendmaker Homes and Winchester Homes brands. TRI Pointe Assurance is a subsidiary of the Company. As of December 31, 2016, the Business’s operations consisted of 124 active selling communities, and 28,309 lots, which are owned or controlled by the Company..