Huber Capital Management LLC trimmed its position in shares of William Lyon Homes (NYSE:WLH) by 7.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 638,968 shares of the construction company’s stock after selling 48,700 shares during the quarter. Huber Capital Management LLC owned 1.69% of William Lyon Homes worth $10,153,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. OppenheimerFunds Inc. boosted its position in shares of William Lyon Homes by 13.2% during the second quarter. OppenheimerFunds Inc. now owns 47,815 shares of the construction company’s stock worth $1,109,000 after purchasing an additional 5,559 shares in the last quarter. Swiss National Bank boosted its position in shares of William Lyon Homes by 21.8% during the second quarter. Swiss National Bank now owns 59,700 shares of the construction company’s stock worth $1,385,000 after purchasing an additional 10,700 shares in the last quarter. Real Estate Management Services LLC boosted its position in shares of William Lyon Homes by 65.3% during the third quarter. Real Estate Management Services LLC now owns 972,160 shares of the construction company’s stock worth $15,448,000 after purchasing an additional 384,121 shares in the last quarter. BlackRock Inc. boosted its position in shares of William Lyon Homes by 3.8% during the second quarter. BlackRock Inc. now owns 4,936,863 shares of the construction company’s stock worth $114,535,000 after purchasing an additional 180,513 shares in the last quarter. Finally, Kaizen Advisory LLC bought a new position in shares of William Lyon Homes during the third quarter worth $784,000. 88.89% of the stock is currently owned by institutional investors.
In related news, CEO Matthew R. Zaist acquired 8,000 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The shares were acquired at an average cost of $11.60 per share, for a total transaction of $92,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 319,912 shares in the company, valued at approximately $3,710,979.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Gmt Capital Corp sold 58,802 shares of the firm’s stock in a transaction on Monday, November 26th. The stock was sold at an average price of $12.12, for a total transaction of $712,680.24. Following the sale, the insider now owns 3,175,925 shares in the company, valued at $38,492,211. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 308,702 shares of company stock worth $3,719,810. 22.13% of the stock is currently owned by company insiders.
Shares of NYSE:WLH opened at $11.78 on Wednesday. William Lyon Homes has a 12 month low of $11.10 and a 12 month high of $32.95. The company has a current ratio of 6.30, a quick ratio of 0.14 and a debt-to-equity ratio of 1.52. The firm has a market cap of $469.28 million, a P/E ratio of 5.33 and a beta of 1.53.
William Lyon Homes (NYSE:WLH) last issued its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. William Lyon Homes had a net margin of 3.37% and a return on equity of 10.33%. The business had revenue of $534.70 million for the quarter, compared to analyst estimates of $568.84 million. During the same period last year, the business posted $0.71 earnings per share. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. Research analysts predict that William Lyon Homes will post 2.62 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of William Lyon Homes from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Citigroup set a $15.00 price target on shares of William Lyon Homes and gave the stock a “hold” rating in a research report on Monday, November 5th. Finally, Wedbush cut shares of William Lyon Homes from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $35.00 to $22.00 in a research report on Thursday, September 20th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. William Lyon Homes has a consensus rating of “Hold” and an average target price of $25.25.
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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, and Oregon. It sells its homes primarily to entry-level, and first-time and second-time move-up homebuyers, as well as to luxury home and active adult markets under the Village Homes and Polygon Northwest Homes brands through in-house commissioned sales personnel and outside brokers.
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