Janus Henderson Group PLC trimmed its stake in New Home Company Inc (NYSE:NWHM) by 60.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 232,866 shares of the construction company’s stock after selling 362,921 shares during the period. Janus Henderson Group PLC owned about 1.12% of New Home worth $2,600,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in NWHM. Dimensional Fund Advisors LP raised its stake in shares of New Home 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 acquiring an additional 47,265 shares during the period. Renaissance Technologies LLC raised its stake in shares of New Home by 86.2% in the 1st quarter. Renaissance Technologies LLC now owns 37,800 shares of the construction company’s stock valued at $395,000 after acquiring an additional 17,500 shares during the period. Bank of Montreal Can purchased a new stake in shares of New Home in the 2nd quarter valued at approximately $160,000. Schwab Charles Investment Management Inc. raised its stake in shares of New Home by 3.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 16,549 shares of the construction company’s stock valued at $190,000 after acquiring an additional 500 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of New Home by 9.5% in the 2nd quarter. Rhumbline Advisers now owns 13,305 shares of the construction company’s stock valued at $153,000 after acquiring an additional 1,150 shares during the period. 55.73% of the stock is currently owned by institutional investors and hedge funds.

Shares of New Home Company Inc (NYSE:NWHM) opened at $12.53 on Friday. The stock has a market cap of $261.59, a P/E ratio of 11.19 and a beta of 1.87. New Home Company Inc has a 52 week low of $9.75 and a 52 week high of $13.20. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.26.

New Home (NYSE:NWHM) last announced its quarterly earnings data on Friday, October 27th. The construction company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06. The firm had revenue of $157.93 million during the quarter, compared to analysts’ expectations of $143.66 million. New Home had a net margin of 2.73% and a return on equity of 9.52%. The business’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. sell-side 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 have recently issued reports on the stock. ValuEngine raised shares of New Home from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of New Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 2nd.

In related news, insider Lp Tcn/Tnhc sold 71,384 shares of New Home stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $11.37, for a total value of $811,636.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph David Davis sold 3,304 shares of New Home stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $11.55, for a total transaction of $38,161.20. The disclosure for this sale can be found here. Insiders sold 381,033 shares of company stock valued at $4,535,643 in the last 90 days. Company insiders own 24.20% of the company’s stock.

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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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