Emerald Acquisition Ltd. bought a new stake in William Lyon Homes (NYSE:WLH) during the second quarter, Holdings Channel reports. The firm bought 227,643 shares of the company’s stock, valued at approximately $3,669,000. Emerald Acquisition Ltd. owned approximately 0.72% of William Lyon Homes at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of WLH. Bank of Montreal Can bought a new stake in shares of William Lyon Homes during the second quarter valued at $14,373,000. Royce & Associates LP raised its stake in shares of William Lyon Homes by 42.9% in the first quarter. Royce & Associates LP now owns 746,141 shares of the company’s stock valued at $10,812,000 after buying an additional 224,000 shares in the last quarter. Covalent Partners LLC raised its stake in shares of William Lyon Homes by 11.5% in the first quarter. Covalent Partners LLC now owns 1,697,639 shares of the company’s stock valued at $24,599,000 after buying an additional 175,600 shares in the last quarter. Capital Growth Management LP raised its stake in shares of William Lyon Homes by 15.4% in the first quarter. Capital Growth Management LP now owns 1,051,000 shares of the company’s stock valued at $15,229,000 after buying an additional 140,000 shares in the last quarter. Finally, Stanley Capital Management LLC bought a new stake in shares of William Lyon Homes during the first quarter valued at $1,869,000.
Shares of William Lyon Homes (NYSE:WLH) traded up 10.04% on Thursday, hitting $17.21. The stock had a trading volume of 785,516 shares. William Lyon Homes has a 52 week low of $7.61 and a 52 week high of $24.18. The firm has a 50 day moving average price of $16.61 and a 200-day moving average price of $15.69. The company has a market cap of $545.21 million, a price-to-earnings ratio of 10.79 and a beta of 1.86.
William Lyon Homes (NYSE:WLH) last announced its quarterly earnings data on Friday, August 5th. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. William Lyon Homes had a return on equity of 9.01% and a net margin of 4.98%. The company had revenue of $325.65 million for the quarter, compared to analyst estimates of $297.56 million. During the same quarter last year, the firm earned $0.32 EPS. William Lyon Homes’s revenue for the quarter was up 27.9% compared to the same quarter last year. Analysts anticipate that William Lyon Homes will post $1.78 EPS for the current year.
Several equities research analysts have weighed in on WLH shares. Citigroup Inc. increased their target price on William Lyon Homes from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Credit Suisse Group AG reissued a “buy” rating on shares of William Lyon Homes in a report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $20.00.
In other news, major shareholder Gmt Capital Corp acquired 62,400 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were bought at an average price of $15.94 per share, with a total value of $994,656.00. Following the acquisition, the insider now owns 4,833,317 shares of the company’s stock, valued at $77,043,072.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 21.33% of the company’s stock.
William Lyon Homes Company Profile
William Lyon Homes is primarily engaged in the design, construction and sale of single family detached and attached homes in California, Arizona and Nevada. The Company conducts its homebuilding operations through four reportable operating segments: Southern California, Northern California, Arizona and Nevada.
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