Echo Street Capital Management LLC Trimmed Its Holding in Meritage Homes Corp (MTH) as Market Valuation Rose

Meritage Homes Corporation (NYSE:MTH) LogoInvestors sentiment increased to 1.3 in 2018 Q4. Its up 0.36, from 0.94 in 2018Q3. It increased, as 26 investors sold MTH shares while 40 reduced holdings. 27 funds opened positions while 59 raised stakes. 36.76 million shares or 2.21% less from 37.59 million shares in 2018Q3 were reported. Voya Invest Management Ltd Llc invested 0% of its portfolio in Meritage Homes Corporation (NYSE:MTH). 40,000 were accumulated by Country Club Trust Na. Victory Capital Management holds 0% of its portfolio in Meritage Homes Corporation (NYSE:MTH) for 10,079 shares. Goldman Sachs Gp Inc stated it has 0.01% of its portfolio in Meritage Homes Corporation (NYSE:MTH). Comerica State Bank holds 0.01% of its portfolio in Meritage Homes Corporation (NYSE:MTH) for 36,468 shares. California State Teachers Retirement Systems has invested 0.01% of its portfolio in Meritage Homes Corporation (NYSE:MTH). Pennsylvania-based Cim Investment Mangement has invested 0.11% in Meritage Homes Corporation (NYSE:MTH). Louisiana State Employees Retirement Sys reported 0.03% stake. Automobile Association stated it has 5,844 shares or 0% of all its holdings. Fifth Third Bancorp invested in 9,167 shares or 0% of the stock. Riverhead Management Ltd Limited Liability Company accumulated 6,469 shares or 0.01% of the stock. Vanguard Group Inc Inc holds 0.01% or 3.85 million shares in its portfolio. The South Dakota-based South Dakota Investment Council has invested 0.61% in Meritage Homes Corporation (NYSE:MTH). Huntington National Bank & Trust has 0% invested in Meritage Homes Corporation (NYSE:MTH) for 2,221 shares. Renaissance Technology Ltd Liability Com owns 85,037 shares or 0% of their US portfolio.

Since November 6, 2018, it had 1 buying transaction, and 7 sales for $1.85 million activity. On Tuesday, November 27 the insider HADDOCK GERALD W sold $189,400. Shares for $33,043 were sold by Sferruzza Hilla. Another trade for 10,000 shares valued at $379,040 was bought by BRADFORD DANA. On Wednesday, February 13 Lord Phillippe sold $24,165 worth of Meritage Homes Corporation (NYSE:MTH) or 537 shares. Feliciano Javier had sold 946 shares worth $34,680 on Tuesday, November 20.

Echo Street Capital Management Llc decreased its stake in Meritage Homes Corp (MTH) by 33.61% based on its latest 2018Q4 regulatory filing with the SEC. Echo Street Capital Management Llc sold 590,929 shares as the company’s stock rose 14.67% with the market. The hedge fund held 1.17M shares of the homebuilding company at the end of 2018Q4, valued at $42.86 million, down from 1.76 million at the end of the previous reported quarter. Echo Street Capital Management Llc who had been investing in Meritage Homes Corp for a number of months, seems to be less bullish one the $1.86 billion market cap company. The stock decreased 0.35% or $0.17 during the last trading session, reaching $48.5. About 118,102 shares traded. Meritage Homes Corporation (NYSE:MTH) has risen 3.47% since April 17, 2018 and is uptrending. It has underperformed by 0.90% the S&P500.

Echo Street Capital Management Llc, which manages about $2.68B and $3.96 billion US Long portfolio, upped its stake in S&P Global Inc by 62,864 shares to 231,001 shares, valued at $39.26M in 2018Q4, according to the filing. It also increased its holding in Waste Connections Inc by 48,826 shares in the quarter, for a total of 633,194 shares, and has risen its stake in Transunion.

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Analysts await Meritage Homes Corporation (NYSE:MTH) to report earnings on April, 24. They expect $0.64 earnings per share, down 40.19 % or $0.43 from last year’s $1.07 per share. MTH’s profit will be $24.50M for 18.95 P/E if the $0.64 EPS becomes a reality. After $1.91 actual earnings per share reported by Meritage Homes Corporation for the previous quarter, Wall Street now forecasts -66.49 % negative EPS growth.

More notable recent Meritage Homes Corporation (NYSE:MTH) news were published by: which released: “Meritage Homes Fourth Quarter 2018 Earnings Conference Call and Webcast Scheduled for January 31, 2019 – GlobeNewswire” on January 04, 2019, also with their article: “Why Meritage Homes Stock Popped 10% on Thursday – Motley Fool” published on January 31, 2019, published: “Meritage Homes Awarded ENERGY STAR® Partner of the Year for Sustained Excellence in Energy-Efficient Homebuilding for Seventh Consecutive Year – GlobeNewswire” on April 11, 2019. More interesting news about Meritage Homes Corporation (NYSE:MTH) were released by: and their article: “Should You Be Concerned About Meritage Homes Corporation’s (NYSE:MTH) Historical Volatility? – Yahoo Finance” published on March 01, 2019 as well as‘s news article titled: “Deutsche Bank Turns Cautious On Homebuilders, But Upgrades Lennar (NYSE:LEN), Meritage (NYSE:MTH) – Benzinga” with publication date: October 22, 2018.

Meritage Homes Corporation (NYSE:MTH) Ratings Coverage

Among 5 analysts covering Meritage Homes (NYSE:MTH), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Meritage Homes had 10 analyst reports since October 22, 2018 according to SRatingsIntel. The firm has “Neutral” rating by Citigroup given on Friday, February 1. JMP Securities downgraded the shares of MTH in report on Friday, February 1 to “Market Perform” rating. The stock has “Outperform” rating by Evercore on Thursday, October 25. The stock has “Buy” rating by Citigroup on Friday, January 4. The firm earned “Neutral” rating on Thursday, January 10 by Wedbush. The stock has “Sell” rating by J.P. Morgan on Thursday, March 7. The firm earned “Neutral” rating on Tuesday, March 5 by Wedbush. As per Monday, October 22, the company rating was upgraded by Deutsche Bank.

Meritage Homes Corporation (NYSE:MTH) Institutional Positions Chart