York Capital Management Global Advisors LLC Has $4,828,000 Stake in Lyon William Homes (WLH)
York Capital Management Global Advisors LLC maintained its stake in shares of Lyon William Homes (NYSE:WLH) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,000 shares of the construction company’s stock at the end of the 2nd quarter. York Capital Management Global Advisors LLC owned about 0.63% of Lyon William Homes worth $4,828,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in Lyon William Homes by 79.9% during the 1st quarter. Victory Capital Management Inc. now owns 5,012 shares of the construction company’s stock worth $103,000 after acquiring an additional 2,226 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Lyon William Homes by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,663 shares of the construction company’s stock worth $112,000 after acquiring an additional 2,063 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in Lyon William Homes during the 1st quarter worth $113,000. Quantbot Technologies LP acquired a new stake in Lyon William Homes during the 2nd quarter worth $122,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Lyon William Homes during the 2nd quarter worth $133,000.
In related news, major shareholder Paulson Property Management Ii sold 3,322,666 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $23.81, for a total value of $79,112,677.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Gmt Capital Corp sold 52,000 shares of the stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $23.86, for a total transaction of $1,240,720.00. Following the completion of the sale, the insider now directly owns 3,964,417 shares in the company, valued at approximately $94,590,989.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,596,366 shares of company stock worth $85,548,921. Corporate insiders own 21.33% of the company’s stock.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Lyon William Homes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Citigroup Inc. restated a “buy” rating and issued a $27.50 price objective (up from $27.00) on shares of Lyon William Homes in a research note on Tuesday, July 18th. Finally, BidaskClub lowered shares of Lyon William Homes from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Lyon William Homes presently has a consensus rating of “Hold” and a consensus target price of $24.83.
Lyon William Homes (NYSE:WLH) traded up 0.64% on Friday, reaching $23.58. 233,983 shares of the company’s stock were exchanged. The firm has a market capitalization of $753.29 million, a price-to-earnings ratio of 20.29 and a beta of 1.74. Lyon William Homes has a 1-year low of $15.60 and a 1-year high of $25.18. The stock’s 50 day moving average price is $23.22 and its 200 day moving average price is $22.68.
Lyon William Homes (NYSE:WLH) last issued its earnings results on Monday, August 7th. The construction company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. Lyon William Homes had a net margin of 3.01% and a return on equity of 7.72%. The company had revenue of $422.69 million for the quarter, compared to analysts’ expectations of $424.86 million. During the same period in the prior year, the company earned $0.38 earnings per share. The firm’s revenue was up 29.8% compared to the same quarter last year. On average, analysts expect that Lyon William Homes will post $1.96 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: “York Capital Management Global Advisors LLC Has $4,828,000 Stake in Lyon William Homes (WLH)” was first posted by Watch List News and is owned by of Watch List News. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://www.watchlistnews.com/york-capital-management-global-advisors-llc-has-4828000-stake-in-lyon-william-homes-wlh/1615623.html.
About Lyon William Homes
William Lyon Homes is primarily engaged in the design, construction and sale of single family detached and attached homes in California, Arizona and Nevada. The Company conducts its homebuilding operations through four reportable operating segments: Southern California, Northern California, Arizona and Nevada.
Receive News & Ratings for Lyon William Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lyon William Homes and related companies with Analyst Ratings Network's FREE daily email newsletter.