Cornerstone Capital Management Holdings LLC. Has $442,000 Position in New Home Company Inc (NWHM)
Cornerstone Capital Management Holdings LLC. boosted its position in New Home Company Inc (NYSE:NWHM) by 114.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,700 shares of the construction company’s stock after purchasing an additional 21,200 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned about 0.19% of New Home worth $442,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the stock. First Trust Advisors LP purchased a new stake in New Home in the 3rd quarter valued at about $121,000. Brandywine Global Investment Management LLC grew its holdings in New Home by 10.3% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 11,274 shares of the construction company’s stock valued at $130,000 after buying an additional 1,054 shares during the period. Rhumbline Advisers grew its holdings in New Home by 9.5% in the 2nd quarter. Rhumbline Advisers now owns 13,305 shares of the construction company’s stock valued at $153,000 after buying an additional 1,150 shares during the period. Bank of Montreal Can purchased a new stake in New Home in the 2nd quarter valued at about $160,000. Finally, Prudential Financial Inc. purchased a new stake in New Home in the 3rd quarter valued at about $163,000. 55.73% of the stock is owned by hedge funds and other institutional investors.
NWHM has been the subject of several recent analyst reports. ValuEngine upgraded New Home from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded New Home from a “strong sell” rating to a “hold” rating in a report on Thursday, November 2nd.
In other New Home news, insider Joseph David Davis sold 6,200 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $11.55, for a total value of $71,610.00. Following the completion of the transaction, the insider now owns 35,126 shares in the company, valued at approximately $405,705.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lp Tcn/Tnhc sold 17,444 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was 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. Insiders have sold a total of 291,617 shares of company stock valued at $3,422,452 in the last quarter. Company insiders own 24.20% of the company’s stock.
Shares of New Home Company Inc (NYSE:NWHM) opened at $12.51 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.26. New Home Company Inc has a fifty-two week low of $9.75 and a fifty-two week high of $13.20. The stock has a market capitalization of $259.08, a PE ratio of 12.77 and a beta of 1.87.
New Home (NYSE:NWHM) last issued its earnings results on Friday, October 27th. The construction company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $157.93 million during the quarter, compared to analysts’ expectations of $143.66 million. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s revenue for the quarter was down 11.2% on a year-over-year basis. research analysts expect that New Home Company Inc will post 0.96 earnings per share for the current fiscal year.
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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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