Spark Investment Management LLC Purchases 10,800 Shares of New Home Company Inc. (The) (NWHM)
Spark Investment Management LLC boosted its position in New Home Company Inc. (The) (NYSE:NWHM) by 23.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,500 shares of the construction company’s stock after buying an additional 10,800 shares during the period. Spark Investment Management LLC’s holdings in New Home Company Inc. (The) were worth $659,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Nationwide Fund Advisors increased its position in New Home Company Inc. (The) by 25.7% in the first quarter. Nationwide Fund Advisors now owns 10,662 shares of the construction company’s stock worth $112,000 after buying an additional 2,178 shares during the last quarter. Alambic Investment Management L.P. purchased a new position in New Home Company Inc. (The) during the first quarter worth about $117,000. Russell Investments Group Ltd. purchased a new position in New Home Company Inc. (The) during the fourth quarter worth about $119,000. Cidel Asset Management Inc. purchased a new position in New Home Company Inc. (The) during the first quarter worth about $134,000. Finally, Bank of Montreal Can purchased a new position in New Home Company Inc. (The) during the second quarter worth about $160,000. 58.70% of the stock is currently owned by institutional investors and hedge funds.
New Home Company Inc. (NWHM) opened at 10.37 on Friday. New Home Company Inc. has a 52-week low of $9.45 and a 52-week high of $12.55. The stock’s 50 day moving average price is $11.24 and its 200-day moving average price is $10.98. The company has a market cap of $216.47 million, a P/E ratio of 10.01 and a beta of 1.87.
New Home Company Inc. (The) (NYSE:NWHM) last issued its quarterly earnings data on Friday, July 28th. The construction company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.06. New Home Company Inc. (The) had a return on equity of 10.25% and a net margin of 2.82%. The business had revenue of $144.10 million during the quarter, compared to analysts’ expectations of $115.37 million. During the same period in the previous year, the firm posted $0.12 earnings per share. The company’s revenue was up 32.3% on a year-over-year basis. On average, equities analysts predict that New Home Company Inc. will post $0.94 earnings per share for the current fiscal year.
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Separately, Zacks Investment Research raised New Home Company Inc. (The) from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd.
About New Home Company Inc. (The)
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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