Falcon Point Capital LLC lowered its stake in shares of William Lyon Homes (NYSE:WLH) by 21.6% during the second quarter, Holdings Channel reports. The fund owned 448,742 shares of the company’s stock after selling 123,371 shares during the period. Falcon Point Capital LLC owned approximately 1.42% of William Lyon Homes worth $7,234,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of WLH. Silvercrest Asset Management Group LLC acquired a new stake in shares of William Lyon Homes during the first quarter valued at approximately $168,000. BlackRock Group LTD boosted its stake in shares of William Lyon Homes by 82.7% in the first quarter. BlackRock Group LTD now owns 7,155 shares of the company’s stock valued at $103,000 after buying an additional 3,238 shares during the last quarter. Stanley Capital Management LLC acquired a new stake in shares of William Lyon Homes during the first quarter valued at approximately $1,869,000. Capital Growth Management LP boosted 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 during the last quarter. Finally, Royce & Associates LP boosted 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 during the last quarter.
William Lyon Homes (NYSE:WLH) traded up 2.85% during mid-day trading on Friday, hitting $17.70. 569,995 shares of the company were exchanged. The company has a market capitalization of $560.74 million, a P/E ratio of 11.10 and a beta of 1.86. William Lyon Homes has a 12-month low of $7.61 and a 12-month high of $24.18. The company’s 50-day moving average is $16.61 and its 200 day moving average is $15.70.
William Lyon Homes (NYSE:WLH) last issued its earnings results on Friday, August 5th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. William Lyon Homes had a net margin of 4.98% and a return on equity of 9.01%. The firm had revenue of $325.65 million for the quarter, compared to analyst estimates of $297.56 million. During the same quarter last year, the business posted $0.32 earnings per share. The company’s quarterly revenue was up 27.9% on a year-over-year basis. Analysts expect that William Lyon Homes will post $1.78 EPS for the current year.
WLH has been the subject of several recent research reports. Credit Suisse Group AG reiterated a “buy” rating on shares of William Lyon Homes in a research report on Tuesday, June 28th. Citigroup Inc. upped their price objective on shares of William Lyon Homes from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $20.00.
In related news, major shareholder Gmt Capital Corp bought 62,400 shares of the business’s stock in a transaction on Friday, August 12th. The shares were purchased at an average price of $15.94 per share, for a total transaction of $994,656.00. Following the completion of the transaction, the insider now directly owns 4,833,317 shares of the company’s stock, valued at approximately $77,043,072.98. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 21.33% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding WLH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for William Lyon Homes (NYSE:WLH).
Receive News & Ratings for William Lyon Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for William Lyon Homes and related companies with MarketBeat.com's FREE daily email newsletter.