Falcon Point Capital LLC reduced its position in shares of William Lyon Homes (NYSE:WLH) by 21.6% during the second quarter, Holdings Channel reports. The institutional investor owned 448,742 shares of the company’s stock after selling 123,371 shares during the period. Falcon Point Capital LLC’s holdings in William Lyon Homes were worth $7,234,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. BlackRock Group LTD raised 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 worth $103,000 after buying an additional 3,238 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new stake in shares of William Lyon Homes during the first quarter worth $168,000. Mesirow Financial Investment Management US Value Equity bought a new stake in shares of William Lyon Homes during the first quarter worth $235,000. First American Bank bought a new stake in shares of William Lyon Homes during the second quarter worth $343,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of William Lyon Homes during the first quarter worth $755,000.
Shares of William Lyon Homes (NYSE:WLH) traded up 2.85% during trading on Friday, hitting $17.70. 569,995 shares of the stock were exchanged. William Lyon Homes has a 52 week low of $7.61 and a 52 week high of $24.18. The firm has a market capitalization of $560.74 million, a price-to-earnings ratio of 11.10 and a beta of 1.86. The stock’s 50 day moving average price is $16.61 and its 200 day moving average price is $15.70.
William Lyon Homes (NYSE:WLH) last issued its quarterly earnings results on Friday, August 5th. The company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. The firm had revenue of $325.65 million for the quarter, compared to analyst estimates of $297.56 million. William Lyon Homes had a net margin of 4.98% and a return on equity of 9.01%. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 EPS. On average, equities analysts predict that William Lyon Homes will post $1.78 earnings per share for the current year.
A number of brokerages have weighed in on WLH. Credit Suisse Group AG restated a “buy” rating on shares of William Lyon Homes in a research report on Tuesday, July 12th. Citigroup Inc. lifted their price target on shares of William Lyon Homes from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. William Lyon Homes currently has a consensus rating of “Hold” and an average price target of $20.00.
In related news, major shareholder Gmt Capital Corp purchased 62,400 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were purchased at an average price of $15.94 per share, with a total value of $994,656.00. Following the acquisition, the insider now directly owns 4,833,317 shares of the company’s stock, valued at $77,043,072.98. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.33% of the stock is currently owned by 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.