Macquarie Group Ltd. bought a new position in New Home Company Inc (NYSE:NWHM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 21,341 shares of the construction company’s stock, valued at approximately $238,000. Macquarie Group Ltd. owned 0.10% of New Home as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake in shares of New Home by 368.0% in the third quarter. Russell Investments Group Ltd. now owns 14,976 shares of the construction company’s stock valued at $167,000 after purchasing an additional 11,776 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of New Home by 13.3% in the third quarter. Bank of New York Mellon Corp now owns 101,740 shares of the construction company’s stock valued at $1,136,000 after purchasing an additional 11,948 shares during the period. Prudential Financial Inc. purchased a new position in New Home during the 3rd quarter valued at about $163,000. First Trust Advisors LP purchased a new position in New Home during the 3rd quarter valued at about $121,000. Finally, Strs Ohio purchased a new position in New Home during the 3rd quarter valued at about $325,000. Institutional investors own 55.73% of the company’s stock.

In related news, insider Lp Tcn/Tnhc sold 27,791 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $12.14, for a total value of $337,382.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph David Davis sold 3,304 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $11.55, for a total transaction of $38,161.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 291,617 shares of company stock valued at $3,422,452. Insiders own 24.20% of the company’s stock.

Several research firms have weighed in on NWHM. ValuEngine upgraded shares of New Home from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of New Home from a “strong sell” rating to a “hold” rating in a report on Thursday, November 2nd.

New Home Company Inc (NYSE NWHM) opened at $12.30 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.26. New Home Company Inc has a twelve month low of $9.75 and a twelve month high of $13.20. The firm has a market cap of $261.38, a PE ratio of 11.18 and a beta of 1.87.

New Home (NYSE:NWHM) last issued its quarterly earnings results on Friday, October 27th. The construction company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06. The business had revenue of $157.93 million during the quarter, compared to the consensus estimate of $143.66 million. New Home had a net margin of 2.73% and a return on equity of 9.52%. The company’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. equities research analysts anticipate that New Home Company Inc will post 0.96 earnings per share for the current fiscal year.

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New Home Company Profile

The New Home Company Inc is a homebuilding company. The Company focuses on the design, construction and sale of consumer-driven homes in various metropolitan areas within certain markets in California and Arizona, including coastal Southern California, the San Francisco Bay area, metro Sacramento and the greater Phoenix area.

Institutional Ownership by Quarter for New Home (NYSE:NWHM)

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