LSV Asset Management boosted its position in New Home Company Inc. (The) (NYSE:NWHM) by 87.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,700 shares of the construction company’s stock after purchasing an additional 16,700 shares during the quarter. LSV Asset Management owned about 0.17% of New Home Company Inc. (The) worth $409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in NWHM. Kennedy Capital Management Inc. raised its stake in New Home Company Inc. (The) by 755.7% in the 1st quarter. Kennedy Capital Management Inc. now owns 720,226 shares of the construction company’s stock valued at $7,534,000 after purchasing an additional 636,062 shares during the last quarter. FMR LLC raised its stake in New Home Company Inc. (The) by 39.6% in the 1st 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 during the last quarter. Royce & Associates LP raised its stake in New Home Company Inc. (The) by 17.9% in the 1st quarter. Royce & Associates LP now owns 527,758 shares of the construction company’s stock valued at $5,520,000 after purchasing an additional 80,213 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in New Home Company Inc. (The) by 39.7% in the 1st 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 during the last quarter. Finally, Spark Investment Management LLC acquired a new position in New Home Company Inc. (The) in the 1st quarter valued at about $488,000. 57.23% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded shares of New Home Company Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.

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New Home Company Inc. (NWHM) opened at 10.71 on Monday. The stock’s 50 day moving average is $10.46 and its 200-day moving average is $10.92. New Home Company Inc. has a 1-year low of $9.45 and a 1-year high of $12.55. The firm has a market cap of $223.57 million, a P/E ratio of 10.34 and a beta of 1.88.

New Home Company Inc. (The) (NYSE:NWHM) last released its quarterly earnings results 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 analyst estimates of $115.37 million. During the same quarter last year, the company posted $0.12 EPS. New Home Company Inc. (The)’s revenue for the quarter was up 32.3% on a year-over-year basis. Analysts forecast that New Home Company Inc. will post $0.94 EPS for the current year.

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.

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

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