William Lyon Homes (NYSE:WLH) Downgraded by JMP Securities
JMP Securities cut shares of William Lyon Homes (NYSE:WLH) from an outperform rating to a market perform rating in a report released on Wednesday morning, The Fly reports.
WLH has been the subject of several other reports. Zacks Investment Research upgraded William Lyon Homes from a sell rating to a hold rating in a report on Saturday, October 5th. ValuEngine lowered William Lyon Homes from a sell rating to a strong sell rating in a report on Monday, November 4th. Finally, Wedbush upgraded William Lyon Homes from a neutral rating to an outperform rating and lifted their price target for the company from $20.00 to $21.00 in a report on Tuesday, August 13th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. William Lyon Homes currently has an average rating of Hold and an average price target of $19.67.
Shares of NYSE WLH opened at $19.85 on Wednesday. William Lyon Homes has a one year low of $9.85 and a one year high of $21.70. The firm has a market capitalization of $696.15 million, a PE ratio of 8.20 and a beta of 1.27. The company has a current ratio of 5.54, a quick ratio of 0.11 and a debt-to-equity ratio of 1.38. The business has a 50-day moving average price of $20.38 and a two-hundred day moving average price of $18.95.
Institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of William Lyon Homes by 69.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,522 shares of the construction company’s stock valued at $28,000 after buying an additional 624 shares during the last quarter. Riverhead Capital Management LLC bought a new position in shares of William Lyon Homes in the 2nd quarter valued at approximately $31,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of William Lyon Homes by 68.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the construction company’s stock valued at $42,000 after acquiring an additional 846 shares in the last quarter. Tyers Asset Management LLC bought a new position in shares of William Lyon Homes in the 2nd quarter valued at approximately $45,000. Finally, Elkfork Partners LLC bought a new position in shares of William Lyon Homes in the 2nd quarter valued at approximately $61,000. Institutional investors and hedge funds own 83.03% of the company’s stock.
William Lyon Homes Company Profile
William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, Oregon, and Texas. It sells its homes primarily to entry-level, first-time move-up, and second-time move-up homebuyers.
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