Royce & Associates LP lowered its position in New Home Company Inc (NYSE:NWHM) by 4.4% during the first quarter, Holdings Channel reports. The institutional investor owned 821,998 shares of the construction company’s stock after selling 38,000 shares during the period. Royce & Associates LP’s holdings in New Home were worth $3,913,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in New Home by 16.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 910,322 shares of the construction company’s stock valued at $4,761,000 after acquiring an additional 126,293 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in New Home in the fourth quarter valued at approximately $307,000. BlackRock Inc. lifted its holdings in New Home by 1.9% in the fourth quarter. BlackRock Inc. now owns 759,995 shares of the construction company’s stock valued at $3,975,000 after acquiring an additional 13,972 shares during the period. Bank of America Corp DE lifted its holdings in New Home by 86.2% in the fourth quarter. Bank of America Corp DE now owns 17,912 shares of the construction company’s stock valued at $93,000 after acquiring an additional 8,294 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in New Home by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 119,932 shares of the construction company’s stock valued at $627,000 after acquiring an additional 5,598 shares during the period. Hedge funds and other institutional investors own 57.22% of the company’s stock.

Shares of NYSE:NWHM opened at $4.05 on Tuesday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $79.19 million, a price-to-earnings ratio of 10.68 and a beta of 1.80. New Home Company Inc has a 52-week low of $3.90 and a 52-week high of $10.59.

New Home (NYSE:NWHM) last released its quarterly earnings results on Friday, May 3rd. The construction company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. The business had revenue of $118.85 million during the quarter. New Home had a positive return on equity of 2.95% and a negative net margin of 2.35%.

Several research analysts have recently weighed in on the company. ValuEngine raised New Home from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 25th. TheStreet downgraded New Home from a “c” rating to a “d” rating in a research note on Wednesday, April 3rd. Three analysts have rated the stock with a sell rating and one has issued a hold rating to the company. The stock presently has a consensus rating of “Sell”.

In other New Home news, insider Thomas Redwitz sold 28,511 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $5.38, for a total value of $153,389.18. Following the sale, the insider now owns 51,565 shares of the company’s stock, valued at approximately $277,419.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul C. Heeschen purchased 10,000 shares of New Home stock in a transaction on Wednesday, May 15th. The stock was bought at an average cost of $4.10 per share, for a total transaction of $41,000.00. Following the transaction, the director now directly owns 55,783 shares in the company, valued at $228,710.30. The disclosure for this purchase can be found here. Insiders have purchased a total of 25,700 shares of company stock valued at $116,388 over the last 90 days. 23.20% of the stock is currently owned by company insiders.

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New Home Company Profile

The New Home Company Inc, a homebuilder, focuses on the design, construction, and sale of homes. The company operates in two segments, Homebuilding and Fee Building. It builds and sells homes in metropolitan areas of California and Arizona, including Southern California, the San Francisco Bay area, metro Sacramento, and the greater Phoenix area.

Read More: Liquidity

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

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