Royal Bank of Canada Sells 464 Shares of New Home Company Inc. (The) (NWHM)

Royal Bank of Canada trimmed its holdings in New Home Company Inc. (The) (NYSE:NWHM) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,236 shares of the construction company’s stock after selling 464 shares during the period. Royal Bank of Canada owned about 0.11% of New Home Company Inc. (The) worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Kennedy Capital Management Inc. lifted its position in shares of New Home Company Inc. (The) by 3.2% during the second quarter. Kennedy Capital Management Inc. now owns 743,552 shares of the construction company’s stock valued at $8,529,000 after purchasing an additional 23,326 shares in the last quarter. OxFORD Asset Management LLP bought a new position in shares of New Home Company Inc. (The) during the second quarter valued at about $1,376,000. Dimensional Fund Advisors LP lifted its position in shares of New Home Company Inc. (The) by 39.7% during the first quarter. Dimensional Fund Advisors LP now owns 166,400 shares of the construction company’s stock valued at $1,741,000 after purchasing an additional 47,265 shares in the last quarter. FMR LLC lifted its position in shares of New Home Company Inc. (The) by 39.6% during the first quarter. FMR LLC now owns 1,022,354 shares of the construction company’s stock valued at $10,694,000 after purchasing an additional 290,000 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of New Home Company Inc. (The) by 87.9% during the second quarter. LSV Asset Management now owns 35,700 shares of the construction company’s stock valued at $409,000 after purchasing an additional 16,700 shares in the last quarter. 56.99% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on NWHM. Zacks Investment Research lowered shares of New Home Company Inc. (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. ValuEngine lowered shares of New Home Company Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday, November 6th.

New Home Company Inc. (NYSE NWHM) opened at $11.55 on Tuesday. 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 12-month low of $9.75 and a 12-month high of $12.55. The firm has a market cap of $239.45, a PE ratio of 10.24 and a beta of 1.90.

New Home Company Inc. (The) (NYSE:NWHM) last released its quarterly earnings results on Friday, October 27th. The construction company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06. New Home Company Inc. (The) had a net margin of 2.73% and a return on equity of 9.52%. The company had revenue of $157.93 million for the quarter, compared to analyst estimates of $143.66 million. During the same period last year, the firm earned $0.27 earnings per share. The firm’s revenue was down 11.2% on a year-over-year basis. research analysts predict that New Home Company Inc. will post 0.96 EPS for the current fiscal year.

In related news, insider Joseph David Davis sold 6,200 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $11.55, for a total transaction of $71,610.00. Following the completion of the sale, the insider now owns 35,126 shares in the company, valued at $405,705.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lp Tcn/Tnhc sold 71,384 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $11.37, for a total transaction of $811,636.08. The disclosure for this sale can be found here. Insiders have sold 151,310 shares of company stock worth $1,721,114 over the last three months. 24.20% of the stock is owned by insiders.

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New Home Company Inc. (The) Profile

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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Institutional Ownership by Quarter for New Home Company Inc. (The) (NYSE:NWHM)

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