Today’s Stock On Watch: New Home Company Inc’s Trend Down, Especially After Today’s Weak Session

Today's Stock On Watch: New Home Company Inc's Trend Down, Especially After Today's Weak Session

The stock of New Home Company Inc (NYSE:NWHM) is a huge mover today! About 67,186 shares traded hands or 17.14% up from the average. New Home Company Inc (NYSE:NWHM) has declined 10.02% since April 6, 2016 and is downtrending. It has underperformed by 11.98% the S&P500.
The move comes after 6 months negative chart setup for the $225.47M company. It was reported on Nov, 8 by Barchart.com. We have $9.05 PT which if reached, will make NYSE:NWHM worth $31.57 million less.

New Home Company Inc (NYSE:NWHM) Ratings Coverage

Out of 2 analysts covering New Home Company (NYSE:NWHM), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. New Home Company has been the topic of 6 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup on Wednesday, June 15 with “Neutral”. JP Morgan downgraded the shares of NWHM in a report on Friday, August 7 to “Overweight” rating. The firm earned “Overweight” rating on Monday, August 10 by JP Morgan.

According to Zacks Investment Research, “The New Home Company LLC is a homebuilder. The company focused on the design, construction and sale of innovative and consumer-driven homes primarily in the San Francisco Bay area and metro Sacramento. It operates primarily in two segments: homebuilding and fee building. The New Home Company LLC is based in Suite, United States.”

Insitutional Activity: The institutional sentiment increased to 1.5 in 2016 Q2. Its up 0.31, from 1.19 in 2016Q1. The ratio improved, as 5 funds sold all New Home Company Inc shares owned while 13 reduced positions. 6 funds bought stakes while 21 increased positions. They now own 12.41 million shares or 0.32% less from 12.45 million shares in 2016Q1.
Stonehill Management holds 1.01% of its portfolio in New Home Company Inc (NYSE:NWHM) for 255,665 shares. Moreover, Janus Management Ltd Liability has 0% invested in New Home Company Inc (NYSE:NWHM) for 595,676 shares. Gilder Gagnon Howe And Limited Liability has 0.01% invested in the company for 33,300 shares. Fmr Limited Liability Company accumulated 0% or 1.48 million shares. Blackrock Invest Management holds 0% of its portfolio in New Home Company Inc (NYSE:NWHM) for 49,956 shares. Spark Invest Mngmt Ltd Liability Com, a New York-based fund reported 83,200 shares. Blackrock Fund Advsrs accumulated 327,681 shares or 0% of the stock. Moreover, Financial Bank Of New York Mellon Corporation has 0% invested in New Home Company Inc (NYSE:NWHM) for 65,984 shares. Blackrock last reported 0% of its portfolio in the stock. Second Curve accumulated 9.23% or 1.25M shares. Manufacturers Life The has 0% invested in the company for 127 shares. Dimensional Fund Advsr Limited Partnership owns 23,051 shares or 0% of their US portfolio. Deutsche Retail Bank Ag accumulated 0% or 5,056 shares. Franklin Street Advsrs Nc accumulated 0.03% or 15,100 shares. Moreover, State Of New Jersey Common Pension Fund D has 0% invested in New Home Company Inc (NYSE:NWHM) for 75,000 shares.

Insider Transactions: Since May 13, 2016, the stock had 3 buys, and 0 sales for $171,731 net activity. Shares for $67,635 were bought by Stephens John Martin on Friday, May 13. 10,200 shares were bought by Webb H Lawrence, worth $99,450 on Tuesday, August 2.

More notable recent New Home Company Inc (NYSE:NWHM) news were published by: Businesswire.com which released: “The New Home Company Reports 2016 Third Quarter Results” on November 04, 2016, also Businesswire.com with their article: “The New Home Company Inc. Announces Increase in Senior Unsecured Revolving …” published on December 21, 2015, Businesswire.com published: “The New Home Company Inc. Announces Proposed Public Offering of 3500000 Shares …” on December 01, 2015. More interesting news about New Home Company Inc (NYSE:NWHM) were released by: Zacks.com and their article: “The New Home Company (NWHM) Worth a Look: Stock Up 6.8%” published on October 20, 2016 as well as Businesswire.com‘s news article titled: “The New Home Company Earns Multiple Honors for The Cannery, Including Master …” with publication date: September 27, 2016.

NWHM Company Profile

The New Home Company Inc., incorporated on June 25, 2009, is a homebuilding company. The Firm 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. The Company’s divisions include homebuilding and fee building. The Company’s homebuilding projects take 24 to 48 months to complete from the initiation of homebuilding activity. The Company’s lot development projects take 24 to 48 months to complete from the acquisition of land. The Firm provides construction services to build homes for independent third-party property owners, some of which have been or may be marketed under The New Home Company brand name.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment