Today The Cornercap Investment Counsel Inc. Purchases New Stake in Taylor Morrison Home Corp (TMHC)

Today The Cornercap Investment Counsel Inc. Purchases New Stake in Taylor Morrison Home Corp (TMHC)

Cornercap Investment Counsel Inc. purchased a new position in shares of Taylor Morrison Home Corp (NASDAQ:TMHC) during the fourth quarter, Holdings Channel reports. The firm purchased 31,340 shares of the company’s stock, valued at approximately $604,000. Cornercap Investment Counsel Inc. owned 0.10% of Taylor Morrison Home Corp at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in Taylor Morrison Home Corp by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 162,397 shares of the company’s stock worth $2,410,000 after buying an additional 4,857 shares during the period. Dimensional Fund Advisors LP raised its position in Taylor Morrison Home Corp by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 643,827 shares of the company’s stock worth $9,554,000 after buying an additional 4,516 shares during the period. Prudential Financial Inc. raised its position in Taylor Morrison Home Corp by 6.0% in the second quarter. Prudential Financial Inc. now owns 359,500 shares of the company’s stock worth $5,335,000 after buying an additional 20,500 shares during the period. Vanguard Group Inc. raised its position in Taylor Morrison Home Corp by 1.4% in the second quarter. Vanguard Group Inc. now owns 2,201,066 shares of the company’s stock worth $32,664,000 after buying an additional 30,171 shares during the period. Finally, Trexquant Investment LP bought a new position in Taylor Morrison Home Corp during the second quarter worth $158,000.

Shares of Taylor Morrison Home Corp (NASDAQ:TMHC) traded up 2.5950% during midday trading on Wednesday, hitting $21.5552. The stock had a trading volume of 78,180 shares. The company has a market capitalization of $655.60 million and a PE ratio of 14.4569. Taylor Morrison Home Corp has a one year low of $10.33 and a one year high of $21.67. The firm’s 50-day moving average is $19.90 and its 200 day moving average is $18.12.

Taylor Morrison Home Corp (NASDAQ:TMHC) last released its earnings results on Wednesday, November 2nd. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The firm had revenue of $853 million for the quarter, compared to the consensus estimate of $862.21 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. Equities analysts expect that Taylor Morrison Home Corp will post $1.67 earnings per share for the current fiscal year.

TMHC has been the subject of a number of research reports. Wells Fargo & Company initiated coverage on Taylor Morrison Home Corp in a research report on Wednesday, September 28th. They set a “market perform” rating for the company. TheStreet lowered Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th. Gabelli lowered Taylor Morrison Home Corp from a “buy” rating to a “hold” rating and set a $21.00 price objective for the company. in a research report on Thursday, December 8th. Barclays PLC initiated coverage on Taylor Morrison Home Corp in a research report on Thursday, January 5th. They set an “equal weight” rating and a $21.00 price objective for the company. Finally, Zacks Investment Research upgraded Taylor Morrison Home Corp from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research report on Thursday, January 19th. Eight equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Taylor Morrison Home Corp has a consensus rating of “Hold” and an average target price of $20.11.

About Taylor Morrison Home Corp

Taylor Morrison Home Corporation is a real estate development company, with a portfolio of lifestyle and master-planned communities. The Company is engaged in the business of residential homebuilding and the development of lifestyle communities with operations geographically focused in Arizona, California, Colorado, Florida, Texas and its acquired divisions in Georgia, Illinois and North Carolina.

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