Shares of William Lyon Homes (NYSE:WLH) fell 3.1% during trading on Wednesday . The company traded as low as $17.32 and last traded at $17.60, with a volume of 562,081 shares changing hands. The stock had previously closed at $18.16.

Separately, Credit Suisse Group AG reaffirmed a “buy” rating on shares of William Lyon Homes in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.33.

The stock has a 50 day moving average price of $16.22 and a 200 day moving average price of $13.87. The firm has a market cap of $558.32 million and a PE ratio of 11.48.

William Lyon Homes (NYSE:WLH) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. The business had revenue of $264.40 million for the quarter, compared to analyst estimates of $237.28 million. The company’s revenue was up 34.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 EPS. On average, equities research analysts predict that William Lyon Homes will post $1.98 earnings per share for the current year.

In other news, major shareholder Gmt Capital Corp acquired 436,100 shares of the company’s stock in a transaction dated Monday, May 16th. The shares were bought at an average price of $14.30 per share, with a total value of $6,236,230.00. Following the purchase, the insider now owns 4,562,917 shares of the company’s stock, valued at $65,249,713.10. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Several hedge funds have recently bought and sold shares of WLH. LSV Asset Management purchased a new stake in William Lyon Homes during the fourth quarter worth approximately $1,809,000. Sei Investments Co. increased its stake in William Lyon Homes by 12,176.5% in the fourth quarter. Sei Investments Co. now owns 119,941 shares of the company’s stock worth $1,979,000 after buying an additional 118,964 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new stake in William Lyon Homes during the fourth quarter worth approximately $4,814,000. Russell Frank Co increased its stake in William Lyon Homes by 115.4% in the fourth quarter. Russell Frank Co now owns 303,586 shares of the company’s stock worth $4,991,000 after buying an additional 162,631 shares in the last quarter. Finally, Royce & Associates LLC increased its stake in William Lyon Homes by 0.6% in the fourth quarter. Royce & Associates LLC now owns 522,141 shares of the company’s stock worth $8,615,000 after buying an additional 3,000 shares in the last quarter.

William Lyon Homes is primarily engaged in the design, construction and sale of single family detached and attached homes in California, Arizona and Nevada. The Company conducts its homebuilding operations through four reportable operating segments: Southern California, Northern California, Arizona and Nevada.

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