Short Interest Coverage: Does Taylor Morrison Home Corporation (NYSE:TMHC) Have Gas After Even More Sellers Involved?

November 17, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Coverage: Does Taylor Morrison Home Corporation (NYSE:TMHC) Have Gas After Even More Sellers Involved?

The stock of Taylor Morrison Home Corporation (NYSE:TMHC) registered an increase of 1.99% in short interest. TMHC’s total short interest was 1.72M shares in November as published by FINRA. Its up 1.99% from 1.69M shares, reported previously. With 242,500 shares average volume, it will take short sellers 7 days to cover their TMHC’s short positions. The short interest to Taylor Morrison Home Corporation’s float is 5.99%. The stock closed at $18.93 during the last session. It is down 25.03% since April 15, 2016 and is uptrending. It has outperformed by 20.41% the S&P500.

Taylor Morrison Home Corporation is a real estate development company, with a portfolio of lifestyle and master-planned communities. The company has a market cap of $2.26 billion. The Firm is engaged in the business of residential homebuilding and the development of lifestyle communities with activities geographically focused in Arizona, California, Colorado, Florida, Texas and its acquired divisions in Georgia, Illinois and North Carolina. It has a 11.87 P/E ratio. The Firm operates under the Taylor Morrison and Darling Homes brand names.

Insitutional Activity: The institutional sentiment decreased to 0.71 in 2016 Q2. Its down 0.51, from 1.22 in 2016Q1. The ratio dived, as 14 funds sold all Taylor Morrison Home Corp shares owned while 41 reduced positions. 10 funds bought stakes while 29 increased positions. They now own 28.35 million shares or 2.33% less from 29.03 million shares in 2016Q1.
Tortoise Ltd Limited Liability Company holds 0% of its portfolio in Taylor Morrison Home Corp (NYSE:TMHC) for 100 shares. Strs Ohio accumulated 0% or 45,400 shares. Wells Fargo & Mn holds 569,241 shares or 0% of its portfolio. Deutsche Retail Bank Ag last reported 54,875 shares in the company. Vanguard Group Incorporated has 2.20 million shares for 0% of their US portfolio. Blackrock Grp Ltd has 11,946 shares for 0% of their US portfolio. First Interstate Savings Bank has 9,635 shares for 0.03% of their US portfolio. The Ontario – Canada-based Manufacturers Life Insurance Co The has invested 0% in Taylor Morrison Home Corp (NYSE:TMHC). Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in the company for 490 shares. Credit Suisse Ag has 52,395 shares for 0% of their US portfolio. Metropolitan Life Insur Ny accumulated 23,191 shares or 0% of the stock. Blackrock Fund Advsrs owns 1.57 million shares or 0.01% of their US portfolio. Victory Capital Mngmt Inc has invested 0% of its portfolio in Taylor Morrison Home Corp (NYSE:TMHC). State Common Retirement Fund reported 31,200 shares or 0% of all its holdings. Barrow Hanley Mewhinney Strauss Limited Company reported 64,768 shares or 0% of all its holdings.

Taylor Morrison Home Corp (NYSE:TMHC) Ratings Coverage

Out of 9 analysts covering Taylor Morrison Home Corporation (NYSE:TMHC), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. Taylor Morrison Home Corporation has been the topic of 20 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Tuesday, September 20, the company rating was initiated by Wedbush. The rating was initiated by Gabelli on Wednesday, January 27 with “Buy”. The stock of Taylor Morrison Home Corp (NYSE:TMHC) has “Hold” rating given on Monday, August 24 by Deutsche Bank. The stock has “Outperform” rating given by Credit Suisse on Tuesday, March 8. JP Morgan downgraded the stock to “Neutral” rating in Friday, September 11 report. As per Monday, September 21, the company rating was upgraded by Deutsche Bank. Sterne Agee CRT upgraded Taylor Morrison Home Corp (NYSE:TMHC) on Thursday, August 6 to “Buy” rating. The rating was initiated by Wells Fargo on Thursday, September 29 with “Market Perform”. Citigroup maintained Taylor Morrison Home Corp (NYSE:TMHC) rating on Thursday, August 4. Citigroup has “Neutral” rating and $17 price target. The firm earned “Outperform” rating on Thursday, November 5 by FBR Capital.

TMHC Company Profile

Taylor Morrison Home Corporation, incorporated on November 15, 2012, is a real estate development company, with a portfolio of lifestyle and master-planned communities. The Firm is engaged in the business of residential homebuilding and the development of lifestyle communities with activities geographically focused in Arizona, California, Colorado, Florida, Texas and its acquired divisions in Georgia, Illinois and North Carolina. The Firm operates under the Taylor Morrison and Darling Homes brand names. It also provides financial services to clients through its mortgage subsidiary, Taylor Morrison Home Funding, LLC (TMHF) and title insurance and closing settlement services through its title company, Inspired Title Services, LLC (Inspired Title). The Company’s business is organized into over 15 operating divisions aggregated into three homebuilding divisions, East, Central and West, and its Mortgage Operations segment, which includes the activities of TMHF and Inspired Title. These divisions are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer service.

More notable recent Taylor Morrison Home Corp (NYSE:TMHC) news were published by: Marketwatch.com which released: “Taylor Morrison Home stock price target raised to $17 from $14 at Credit Suisse” on April 10, 2013, also Wsj.com with their article: “Taylor Morrison Buys Three Markets From Orleans Homes” published on July 21, 2015, Quotes.Wsj.com published: “News Taylor Morrison Home Corp.TMHC” on April 08, 2013. More interesting news about Taylor Morrison Home Corp (NYSE:TMHC) were released by: Azcentral.com and their article: “Taylor Morrison pays $85 million for Atlanta homebuilder” published on January 11, 2016 as well as Bizjournals.com‘s news article titled: “Sneak Peek: Homebuilder opens clubhouse in Houston active-adult community” with publication date: September 02, 2016.

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By Nellie Frank


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