Polar Asset Management Partners Inc. Takes $21.03 Million Position in Taylor Morrison Home Corporation $TMHC

Polar Asset Management Partners Inc. bought a new stake in shares of Taylor Morrison Home Corporation (NYSE:TMHCFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 293,163 shares of the construction company’s stock, valued at approximately $21,032,000. Polar Asset Management Partners Inc. owned about 0.31% of Taylor Morrison Home as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Keating Financial Advisory Services Inc. purchased a new stake in Taylor Morrison Home during the second quarter valued at about $25,000. Miller Capital Partners Inc. bought a new position in shares of Taylor Morrison Home during the fourth quarter valued at about $27,000. Brown Brothers Harriman & Co. purchased a new position in shares of Taylor Morrison Home in the fourth quarter worth about $33,000. Root Financial Partners LLC increased its holdings in shares of Taylor Morrison Home by 65.7% in the first quarter. Root Financial Partners LLC now owns 638 shares of the construction company’s stock worth $37,000 after buying an additional 253 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Taylor Morrison Home in the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.

Taylor Morrison Home Price Performance

TMHC opened at $72.45 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.45 and a current ratio of 7.66. The stock has a market capitalization of $6.77 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. The stock’s 50 day moving average price is $72.16 and its 200-day moving average price is $65.83. Taylor Morrison Home Corporation has a 52-week low of $54.15 and a 52-week high of $72.50.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citigroup cut Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a report on Monday, June 1st. Citizens Jmp cut Taylor Morrison Home from a “market outperform” rating to a “hold” rating in a research note on Monday, June 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Taylor Morrison Home in a research report on Tuesday, July 21st. Royal Bank Of Canada lowered Taylor Morrison Home from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $69.00 to $72.50 in a research note on Tuesday, June 2nd. Finally, Barclays restated an “equal weight” rating and issued a $73.00 target price (up from $69.00) on shares of Taylor Morrison Home in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Taylor Morrison Home has a consensus rating of “Hold” and a consensus price target of $77.43.

Check Out Our Latest Stock Analysis on TMHC

About Taylor Morrison Home

(Free Report)

Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company’s portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.

The company’s heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.

Further Reading

Institutional Ownership by Quarter for Taylor Morrison Home (NYSE:TMHC)

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