Short Interest in Taylor Morrison Home Corporation (NYSE:TMHC) Rises By 41.3%

Taylor Morrison Home Corporation (NYSE:TMHC) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 1,583,870 shares, an increase of 41.3% from the October 13th total of 1,120,685 shares. Currently, 2.2% of the company’s stock are sold short. Based on an average daily volume of 962,993 shares, the short-interest ratio is presently 1.6 days.

TMHC has been the topic of several recent research reports. BidaskClub downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. B. Riley restated a “neutral” rating on shares of Taylor Morrison Home in a research note on Thursday, November 2nd. Finally, ValuEngine downgraded Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Taylor Morrison Home currently has an average rating of “Hold” and an average target price of $24.00.

Shares of Taylor Morrison Home (NYSE:TMHC) traded down $0.27 during mid-day trading on Wednesday, hitting $23.39. The stock had a trading volume of 486,342 shares, compared to its average volume of 1,138,093. The firm has a market cap of $2,850.00, a PE ratio of 12.98, a PEG ratio of 1.10 and a beta of 1.47. The company has a current ratio of 6.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. Taylor Morrison Home has a fifty-two week low of $18.26 and a fifty-two week high of $24.79.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, November 1st. The construction company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The company had revenue of $908.00 million during the quarter, compared to analyst estimates of $914.19 million. Taylor Morrison Home had a return on equity of 4.18% and a net margin of 2.41%. Taylor Morrison Home’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 EPS. research analysts expect that Taylor Morrison Home will post 1.84 EPS for the current year.

In other Taylor Morrison Home news, insider C. David Cone sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $22.83, for a total value of $456,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Taylor Morrison Home by 72.8% during the second quarter. Vanguard Group Inc. now owns 7,031,797 shares of the construction company’s stock worth $168,834,000 after purchasing an additional 2,962,990 shares during the last quarter. BlackRock Inc. lifted its position in shares of Taylor Morrison Home by 51.5% during the 2nd quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock valued at $158,111,000 after acquiring an additional 2,239,679 shares during the period. FMR LLC raised its position in shares of Taylor Morrison Home by 12.8% during the 2nd quarter. FMR LLC now owns 6,566,150 shares of the construction company’s stock worth $157,654,000 after purchasing an additional 744,914 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Taylor Morrison Home by 31.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,591,375 shares of the construction company’s stock worth $101,239,000 after purchasing an additional 1,089,798 shares during the last quarter. Finally, Greenhaven Associates Inc. grew its stake in Taylor Morrison Home by 94.9% in the 3rd quarter. Greenhaven Associates Inc. now owns 2,526,244 shares of the construction company’s stock worth $55,704,000 after acquiring an additional 1,229,844 shares during the period. Institutional investors and hedge funds own 59.19% of the company’s stock.

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Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

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