New Home Company Inc (NWHM) Stake Lowered by Trexquant Investment LP
Trexquant Investment LP lessened its holdings in New Home Company Inc (NYSE:NWHM) by 26.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,963 shares of the construction company’s stock after selling 5,740 shares during the period. Trexquant Investment LP owned approximately 0.08% of New Home worth $178,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its stake in shares of New Home by 3.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 16,549 shares of the construction company’s stock valued at $190,000 after purchasing an additional 500 shares during the last quarter. Brandywine Global Investment Management LLC lifted its stake in New Home by 10.3% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 11,274 shares of the construction company’s stock worth $130,000 after acquiring an additional 1,054 shares in the last quarter. Rhumbline Advisers lifted its stake in New Home by 9.5% during the 2nd quarter. Rhumbline Advisers now owns 13,305 shares of the construction company’s stock worth $153,000 after acquiring an additional 1,150 shares in the last quarter. Northern Trust Corp lifted its stake in New Home by 3.3% during the 2nd quarter. Northern Trust Corp now owns 144,687 shares of the construction company’s stock worth $1,660,000 after acquiring an additional 4,603 shares in the last quarter. Finally, Teachers Advisors LLC lifted its stake in New Home by 28.6% during the 2nd quarter. Teachers Advisors LLC now owns 25,781 shares of the construction company’s stock worth $296,000 after acquiring an additional 5,737 shares in the last quarter. 55.73% of the stock is currently owned by institutional investors and hedge funds.
New Home Company Inc (NWHM) traded up $0.19 on Monday, reaching $12.68. The company had a trading volume of 106,000 shares, compared to its average volume of 77,349. New Home Company Inc has a 1 year low of $9.75 and a 1 year high of $13.20. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.26. The firm has a market cap of $264.72, a price-to-earnings ratio of 11.32 and a beta of 1.87.
New Home (NYSE:NWHM) last posted its earnings results on Friday, October 27th. The construction company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.06. New Home had a return on equity of 9.52% and a net margin of 2.73%. The firm had revenue of $157.93 million for the quarter, compared to analyst estimates of $143.66 million. During the same quarter in the prior year, the company earned $0.27 EPS. New Home’s revenue was down 11.2% on a year-over-year basis. research analysts anticipate that New Home Company Inc will post 0.96 earnings per share for the current year.
Several equities analysts recently issued reports on the company. ValuEngine raised New Home from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised New Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 2nd.
In other New Home news, insider Joseph David Davis sold 30,000 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $12.43, for a total value of $372,900.00. Following the sale, the insider now owns 35,126 shares of the company’s stock, valued at approximately $436,616.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lp Tcn/Tnhc sold 17,444 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $11.46, for a total value of $199,908.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 239,647 shares of company stock worth $2,777,512. 24.20% of the stock is owned by corporate insiders.
About New Home
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.
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