Ken Griffin and Citadel Investment Group have been bullish on Taylor Morrison Home Corp (NYSE:TMHC), a new filing with the SEC revealed. Citadel has increased its holding in the company to close to 1.8 million class A shares, up from some 895,100 shares disclosed in the fund’s latest 13F. Citadel’s position is passive by nature and amasses 5.5% of the company’s common stock.
The stock of the homebuilder Taylor Morrison Home Corp (NYSE:TMHC) has declined by 10% since the beginning of the year. The company reported a net income worth $53.1 million, equal to $0.43 per share, which shows an increase from $42.6 million posted a year ago. Taylor Morrison had a revenue of $622.1 million from home closings which amounted to 1,606 in the third quarter, up by 83% on the year.
Aside from Citadel, several other hedge funds disclosed ownership of Taylor Morrison Home Corp shares. The company went public in April, and several hedge funds initiated their positions in the company during the third quarter. Pennant Capital Management, managed by Alan Fournier revealed a $36.5 million stake, which amasses over 1.6 million shares. Mariko Gordon’s Daruma Asset Management holds 128,400 shares, with a reported value of $2.9 million.
Yesterday, Citadel also revealed increasing its stake in Finisar Corporation (NASDAQ:FNSR). The fund reported ownership of around 5.0 million shares, which represent 5.2% of the common stock, up from 2.7 million shares held at the end of September.
In Citadel’s equity portfolio, EOG Resources Inc (NYSE:EOG) represents the largest long position in terms of value. The stake amasses 1.9 million shares, worth $318.9 million. In Invesco Ltd. (NYSE:IVZ), and Safeway Inc. (NYSE:SWY), Citadel’s holdings amass 9.8 million shares, and 9.2 million shares respectively. The value of the positions amounts to $313.8 million, and $292.7 million respectively.
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