New Home Company Inc. (The) (NWHM) Shares Bought by First Manhattan Co.

First Manhattan Co. increased its stake in shares of New Home Company Inc. (The) (NYSE:NWHM) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,007,926 shares of the construction company’s stock after buying an additional 23,140 shares during the period. First Manhattan Co. owned 9.62% of New Home Company Inc. (The) worth $23,030,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in New Home Company Inc. (The) during the fourth quarter worth $119,000. State Street Corp increased its stake in New Home Company Inc. (The) by 4.6% in the fourth quarter. State Street Corp now owns 190,712 shares of the construction company’s stock worth $2,234,000 after buying an additional 8,445 shares during the period. Dimensional Fund Advisors LP increased its stake in New Home Company Inc. (The) by 87.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 119,135 shares of the construction company’s stock worth $1,395,000 after buying an additional 55,568 shares during the period. Nationwide Fund Advisors increased its stake in New Home Company Inc. (The) by 25.7% in the first quarter. Nationwide Fund Advisors now owns 10,662 shares of the construction company’s stock worth $112,000 after buying an additional 2,178 shares during the period. Finally, Wells Fargo & Company MN increased its stake in New Home Company Inc. (The) by 1.4% in the first quarter. Wells Fargo & Company MN now owns 1,130,197 shares of the construction company’s stock worth $11,822,000 after buying an additional 15,177 shares during the period. Institutional investors own 58.70% of the company’s stock.

New Home Company Inc. (NWHM) traded up 0.58% during mid-day trading on Friday, reaching $10.37. The company’s stock had a trading volume of 92,655 shares. The firm has a market capitalization of $216.47 million, a P/E ratio of 10.01 and a beta of 1.87. New Home Company Inc. has a 52 week low of $9.45 and a 52 week high of $12.55. The firm’s 50 day moving average price is $11.24 and its 200 day moving average price is $10.98.

New Home Company Inc. (The) (NYSE:NWHM) last announced its quarterly earnings results on Friday, July 28th. The construction company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.06. New Home Company Inc. (The) had a net margin of 2.82% and a return on equity of 10.25%. The company had revenue of $144.10 million during the quarter, compared to analyst estimates of $115.37 million. During the same quarter in the previous year, the business earned $0.12 EPS. The firm’s revenue was up 32.3% on a year-over-year basis. On average, analysts anticipate that New Home Company Inc. will post $0.94 EPS for the current fiscal year.

WARNING: This piece was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://stocknewstimes.com/2017/08/12/first-manhattan-co-has-23-03-million-stake-in-new-home-company-inc-the-nwhm-updated.html.

Separately, Zacks Investment Research downgraded New Home Company Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th.

About New Home Company Inc. (The)

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 Company Inc. (The) (NYSE:NWHM)

Receive News & Ratings for New Home Company Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Home Company Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply