Todays Report: Today, Assetmark Inc. Reached $5,285,000 position of American Homes 4 Rent (AMH)

Today, Assetmark Inc. Reached $5,285,000 position  of American Homes 4 Rent (AMH)

Assetmark Inc. cut its stake in shares of American Homes 4 Rent (NYSE:AMH) by 22.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 244,218 shares of the company’s stock after selling 72,354 shares during the period. Assetmark Inc. owned about 0.10% of American Homes 4 Rent worth $5,285,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in American Homes 4 Rent by 6.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,444 shares of the company’s stock valued at $234,000 after buying an additional 701 shares during the period. Ngam Advisors L.P. raised its stake in shares of American Homes 4 Rent by 62.7% in the second quarter. Ngam Advisors L.P. now owns 234,930 shares of the company’s stock worth $4,811,000 after buying an additional 90,528 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of American Homes 4 Rent by 53.2% in the second quarter. Bank of New York Mellon Corp now owns 3,899,072 shares of the company’s stock worth $79,853,000 after buying an additional 1,353,496 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of American Homes 4 Rent during the second quarter worth $15,685,000. Finally, Bank of Montreal Can acquired a new stake in shares of American Homes 4 Rent during the second quarter worth $36,540,000. Institutional investors own 76.99% of the company’s stock.

Shares of American Homes 4 Rent (NYSE:AMH) opened at 21.18 on Friday. The company’s 50 day moving average price is $20.77 and its 200-day moving average price is $20.50. American Homes 4 Rent has a 12-month low of $13.16 and a 12-month high of $22.99. The firm’s market cap is $5.05 billion.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $236.10 million for the quarter, compared to analyst estimates of $49.46 million. American Homes 4 Rent had a negative return on equity of 0.45% and a negative net margin of 2.47%. American Homes 4 Rent’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 EPS. On average, equities research analysts anticipate that American Homes 4 Rent will post $0.97 EPS for the current year.

AMH has been the topic of a number of research analyst reports. JMP Securities initiated coverage on American Homes 4 Rent in a research note on Tuesday, October 11th. They set an “outperform” rating on the stock. Zacks Investment Research upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, October 4th. FBR & Co restated an “outperform” rating on shares of American Homes 4 Rent in a research note on Friday, September 23rd. Raymond James Financial Inc. boosted their price target on American Homes 4 Rent from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, September 8th. Finally, Zelman & Associates upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating in a research note on Monday, August 8th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $23.60.

In related news, Director Tamara Hughes Gustavson purchased 80,681 shares of American Homes 4 Rent stock in a transaction on Thursday, November 17th. The shares were bought at an average price of $20.55 per share, with a total value of $1,657,994.55. Following the transaction, the director now directly owns 12,972,446 shares of the company’s stock, valued at $266,583,765.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director B Wayne Et Al Hughes purchased 724,021 shares of American Homes 4 Rent stock in a transaction on Thursday, November 10th. The stock was bought at an average cost of $20.72 per share, for a total transaction of $15,001,715.12. The disclosure for this purchase can be found here. 23.31% of the stock is owned by company insiders.

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