Company shares are trading at $11.63 which is a tad above the 50 day moving average of $11.05 and a tad higher than the 200 day moving average of $11.07. The 50 day moving average moved up $0.58 and the 200 day average moved up $0.56. New Home Company Inc. (The) shares had a trading volume of 150K in the last trading session. Volume was up 108.67% over the stocks average daily volume.
Investors are more bullish on shares of the company of late at least if you consider the fall in short interest. The company saw a fall in short interest of -9.02% as of the latest report on October 13, 2017. Short interest fell 12,846 over that timeframe. The days to cover decreased to 2.0 and the percentage of shorted shares is 0.01% as of October 13.
These funds have shifted positions in (NWHM). Bank Of Montreal /can/ downsized its holdings by shedding 1,192 shares a decrease of 17.2%. Bank Of Montreal /can/ owns 5,755 shares valued at $64,000. The total value of its holdings decreased 20.0%. First Quadrant L P/ca cut its investment by selling 15,758 shares a decrease of 42.5% from 06/30/2017 to 09/30/2017. First Quadrant L P/ca claims 21,338 shares with a value of $238,000. The value of the position overall is down by 44.0%.
As of quarter end First Manhattan Co had sold a total of 7,250 shares trimming its stake by 0.4%. The value of the investment in (NWHM) decreased from $22,959,000 to $22,257,000 a change of 3.1% quarter over quarter. As of the end of the quarter Nationwide Fund Advisors had acquired 3,100 shares growing its holdings by 29.1%. The value of the investment in New Home Company Inc. (The) went from $122,000 to $154,000 a change of $32,000 since the last quarter.
The P/E ratio is 11.23 and the market value is 242.78M. As of the latest earnings report the EPS was $1.04 and is expected to be $0.97 for the current year with 20,875,000 shares presently outstanding. Next quarter’s EPS is expected be $0.07 and the next full year EPS is anticipated to be $1.20.
The New Home Company Inc., launched on June 25, 2009, 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. The Business’s segments include homebuilding and fee building. The homebuilding operations consist of divisions in Northern California, Southern California and its division in Arizona, which is established through the purchase of lots in an unconsolidated joint venture. The Company is focused on building and selling homes for its own account and it also has fee building business..