OxFORD Asset Management LLP Increases Stake in New Home Company Inc (NWHM)

OxFORD Asset Management LLP increased its holdings in New Home Company Inc (NYSE:NWHM) by 23.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 148,349 shares of the construction company’s stock after purchasing an additional 28,378 shares during the period. OxFORD Asset Management LLP owned approximately 0.71% of New Home worth $1,657,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. FMR LLC boosted its stake in shares of New Home by 5.7% in the 2nd quarter. FMR LLC now owns 1,080,679 shares of the construction company’s stock valued at $12,395,000 after purchasing an additional 58,325 shares in the last quarter. Kennedy Capital Management Inc. boosted its stake in shares of New Home by 3.2% in the 2nd 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. Janus Henderson Group PLC purchased a new stake in shares of New Home in the 2nd quarter valued at $6,825,000. Royce & Associates LP boosted its stake in shares of New Home by 4.5% in the 2nd quarter. Royce & Associates LP now owns 551,758 shares of the construction company’s stock valued at $6,329,000 after purchasing an additional 24,000 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of New Home by 8.4% in the 2nd quarter. Vanguard Group Inc. now owns 490,409 shares of the construction company’s stock valued at $5,625,000 after purchasing an additional 38,097 shares in the last quarter. 55.73% of the stock is owned by institutional investors.

In related news, insider Joseph David Davis sold 30,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $12.43, for a total transaction of $372,900.00. Following the completion of the sale, the insider now directly owns 35,126 shares in the company, valued at approximately $436,616.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lp Tcn/Tnhc sold 17,444 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $11.46, for a total transaction 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 over the last quarter. 24.20% of the stock is currently owned by company insiders.

Shares of New Home Company Inc (NYSE NWHM) opened at $12.01 on Friday. New Home Company Inc has a 1-year low of $9.75 and a 1-year high of $13.20. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.26. The company has a market cap of $250.73, a price-to-earnings ratio of 10.72 and a beta of 1.87.

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

A number of equities research analysts recently commented on the stock. ValuEngine upgraded shares of New Home from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of New Home from a “strong sell” rating to a “hold” rating in a report on Thursday, November 2nd.

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New Home Company 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 (NYSE:NWHM)

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