Vanguard Group Inc lessened its position in shares of New Home Company Inc (NYSE:NWHM) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 669,269 shares of the construction company’s stock after selling 7,593 shares during the period. Vanguard Group Inc owned about 3.21% of New Home worth $5,394,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in NWHM. Royce & Associates LP grew its holdings in New Home by 6.0% during the third quarter. Royce & Associates LP now owns 705,098 shares of the construction company’s stock worth $5,683,000 after purchasing an additional 40,108 shares during the period. BlackRock Inc. raised its position in shares of New Home by 1.4% in the third quarter. BlackRock Inc. now owns 746,023 shares of the construction company’s stock valued at $6,012,000 after buying an additional 10,503 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of New Home by 16.5% in the third quarter. Dimensional Fund Advisors LP now owns 784,029 shares of the construction company’s stock valued at $6,319,000 after buying an additional 110,861 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of New Home by 2.8% in the third quarter. Wells Fargo & Company MN now owns 846,286 shares of the construction company’s stock valued at $6,821,000 after buying an additional 23,356 shares in the last quarter. Hedge funds and other institutional investors own 57.90% of the company’s stock.
Shares of NYSE NWHM traded up $0.20 during midday trading on Tuesday, reaching $6.86. The company’s stock had a trading volume of 5,699 shares, compared to its average volume of 58,432. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.48. New Home Company Inc has a fifty-two week low of $4.78 and a fifty-two week high of $12.05. The company has a market cap of $143.07 million, a price-to-earnings ratio of 9.27 and a beta of 1.96.
Separately, ValuEngine downgraded shares of New Home from a “sell” rating to a “strong sell” rating in a research report on Monday, February 4th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock has an average rating of “Sell” and a consensus target price of $13.00.
New Home Profile
The New Home Company Inc, a homebuilder, focuses on the design, construction, and sale of homes. The company operates in two segments, Homebuilding and Fee Building. It builds and sells homes in metropolitan areas of California and Arizona, including coastal Southern California, the San Francisco Bay area, metro Sacramento, and the greater Phoenix area.
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