Cornerstone Capital Management Holdings LLC. trimmed its holdings in shares of New Home Company Inc (NYSE:NWHM) by 73.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,500 shares of the construction company’s stock after selling 29,200 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.05% of New Home worth $131,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Cortina Asset Management LLC bought a new position in New Home during the 4th quarter valued at about $2,416,000. Algert Global LLC bought a new position in New Home during the 3rd quarter valued at about $1,418,000. Second Curve Capital LLC lifted its holdings in New Home by 6.3% during the 3rd quarter. Second Curve Capital LLC now owns 1,994,059 shares of the construction company’s stock valued at $22,254,000 after purchasing an additional 118,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in New Home by 24.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 313,797 shares of the construction company’s stock valued at $3,502,000 after purchasing an additional 62,643 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in New Home by 47.5% during the 4th quarter. Renaissance Technologies LLC now owns 172,300 shares of the construction company’s stock valued at $2,159,000 after purchasing an additional 55,500 shares during the last quarter. 56.50% of the stock is owned by institutional investors.
In other news, insider Lp Tcn/Tnhc sold 70,000 shares of New Home stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $12.64, for a total transaction of $884,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph David Davis sold 2,907 shares of New Home stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $12.05, for a total transaction of $35,029.35. Following the sale, the insider now owns 35,126 shares of the company’s stock, valued at approximately $423,268.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 88,893 shares of company stock valued at $1,123,001. Insiders own 24.20% of the company’s stock.
New Home (NYSE:NWHM) last announced its earnings results on Wednesday, February 14th. The construction company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. New Home had a net margin of 2.28% and a return on equity of 8.39%. The company had revenue of $324.10 million during the quarter, compared to the consensus estimate of $295.04 million. During the same period in the previous year, the firm posted $0.76 earnings per share. The company’s revenue was up .5% on a year-over-year basis. equities research analysts anticipate that New Home Company Inc will post 1.03 earnings per share for the current year.
Several brokerages recently issued reports on NWHM. ValuEngine downgraded shares of New Home from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research downgraded shares of New Home from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. JMP Securities downgraded shares of New Home from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 15th. Finally, JPMorgan Chase reaffirmed a “neutral” rating and issued a $13.00 target price (up from $12.00) on shares of New Home in a research note on Tuesday, February 20th.
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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