The stock of Taylor Morrison Home Corp (NYSE:TMHC) hit a new 52-week low and has $14.27 target or 9.00% below today’s $15.68 share price. The 8 months bearish chart indicates high risk for the $1.97B company. The 1-year low was reported on Dec, 12 by Barchart.com. If the $14.27 price target is reached, the company will be worth $177.30M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 2.55% or $0.41 on December 11, hitting $15.68. About 423,468 shares traded hands. Taylor Morrison Home Corp (NYSE:TMHC) has declined 15.33% since May 11, 2015 and is downtrending. It has underperformed by 10.92% the S&P500.
Out of 7 analysts covering Taylor Morrison Home Corporation (NYSE:TMHC), 5 rate it “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Taylor Morrison Home Corporation was the topic in 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc.
According to Zacks Investment Research, “Taylor Morrison Home Corporation is a homebuilder and land developer engaged in building single-family detached and attached homes for first-time buyers, move-up families to luxury and active adult customers. The company operates under the Taylor Morrison brand, Monarch brand and Darling Homes brand. It operates in Arizona, California, Colorado, Florida and Texas. Taylor Morrison Home Corporation is headquartered in Scottsdale, Arizona.” Get a free copy of the Zacks research report on Taylor Morrison Home Corp (TMHC).
The institutional sentiment decreased to 1.23 in 2015 Q3. Its down 0.21, from 1.44 in 2015Q2. The ratio dropped, as 17 funds sold all Taylor Morrison Home Corp shares owned while 31 reduced positions. 22 funds bought stakes while 37 increased positions. They now own 33.15 million shares or 1.57% less from 33.68 million shares in 2015Q2.
Tremblant Capital Group holds 1.69% of its portfolio in Taylor Morrison Home Corp for 1.41 million shares. Stonehill Capital Management Llc owns 222,206 shares or 1.53% of their US portfolio. Moreover, Lmm Llc has 1.5% invested in the company for 2.14 million shares. The Pennsylvania-based Schneider Capital Management Corp has invested 1.42% in the stock. Covalent Partners Llc, a Massachusetts-based fund reported 286,817 shares.
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