Trexquant Investment LP acquired a new position in shares of New Home Company Inc. (The) (NYSE:NWHM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,703 shares of the construction company’s stock, valued at approximately $249,000. Trexquant Investment LP owned about 0.10% of New Home Company Inc. (The) at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in NWHM. Nationwide Fund Advisors increased its position in shares of 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. Alambic Investment Management L.P. purchased a new position in shares of New Home Company Inc. (The) during the first quarter worth approximately $117,000. Cidel Asset Management Inc. purchased a new position in shares of New Home Company Inc. (The) during the first quarter worth approximately $134,000. Bank of Montreal Can purchased a new position in shares of New Home Company Inc. (The) during the second quarter worth approximately $160,000. Finally, LSV Asset Management purchased a new position in shares of New Home Company Inc. (The) during the first quarter worth approximately $198,000. 58.81% of the stock is owned by institutional investors.
Shares of New Home Company Inc. (NYSE NWHM) opened at 10.48 on Monday. The company has a market cap of $218.77 million, a P/E ratio of 10.12 and a beta of 1.87. New Home Company Inc. has a one year low of $9.45 and a one year high of $12.55. The company’s 50 day moving average is $11.16 and its 200 day moving average is $10.97.
New Home Company Inc. (The) (NYSE:NWHM) last posted its quarterly earnings results on Friday, July 28th. The construction company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.05 by $0.06. The firm had revenue of $144.10 million for the quarter, compared to the consensus estimate of $115.37 million. New Home Company Inc. (The) had a net margin of 2.82% and a return on equity of 10.25%. The business’s revenue was up 32.3% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. On average, equities analysts predict that New Home Company Inc. will post $0.94 earnings per share for the current year.
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Separately, Zacks Investment Research raised shares of New Home Company Inc. (The) from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd.
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.
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