Shares of William Lyon Homes (NYSE:WLH) were down 3.3% during mid-day trading on Friday . The stock traded as low as $17.30 and last traded at $17.34, with a volume of 206,164 shares changing hands. The stock had previously closed at $17.93.

Separately, Credit Suisse Group AG restated a “buy” rating on shares of William Lyon Homes in a report on Tuesday, July 12th.

The stock has a 50 day moving average price of $16.67 and a 200 day moving average price of $14.10. The firm has a market cap of $549.46 million and a P/E ratio of 11.30.

William Lyon Homes (NYSE:WLH) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The firm earned $264.40 million during the quarter, compared to analysts’ expectations of $237.28 million. During the same quarter in the prior year, the business earned $0.18 EPS. The company’s quarterly revenue was up 34.1% compared to the same quarter last year. Equities research analysts anticipate that William Lyon Homes will post $1.98 EPS for the current fiscal year.

In other news, major shareholder Gmt Capital Corp purchased 436,100 shares of the company’s stock in a transaction dated Monday, May 16th. The stock was acquired at an average price of $14.30 per share, for a total transaction of $6,236,230.00. Following the completion of the transaction, the insider now directly owns 4,562,917 shares in the company, valued at approximately $65,249,713.10. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Alpine Woods Capital Investors LLC purchased a new position in shares of William Lyon Homes during the fourth quarter worth $4,814,000. Royce & Associates LLC boosted its position in shares of 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. Wells Fargo & Company MN boosted its position in shares of William Lyon Homes by 18.8% in the fourth quarter. Wells Fargo & Company MN now owns 668,822 shares of the company’s stock worth $11,036,000 after buying an additional 105,724 shares in the last quarter. Bank of Montreal Can boosted its position in shares of William Lyon Homes by 9.8% in the fourth quarter. Bank of Montreal Can now owns 1,367,260 shares of the company’s stock worth $22,560,000 after buying an additional 122,510 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of 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.

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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