William Lyon Homes (WLH) Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in William Lyon Homes (NYSE:WLH) by 124.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,095 shares of the construction company’s stock after buying an additional 46,103 shares during the period. JPMorgan Chase & Co. owned 0.26% of William Lyon Homes worth $1,882,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in William Lyon Homes in the 2nd quarter worth approximately $122,000. Victory Capital Management Inc. lifted its stake in William Lyon Homes by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,896 shares of the construction company’s stock worth $142,000 after purchasing an additional 884 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in William Lyon Homes by 61.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,810 shares of the construction company’s stock worth $164,000 after purchasing an additional 2,603 shares in the last quarter. SG Americas Securities LLC purchased a new stake in William Lyon Homes in the 3rd quarter worth approximately $193,000. Finally, Municipal Employees Retirement System of Michigan lifted its stake in William Lyon Homes by 60.2% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 8,860 shares of the construction company’s stock worth $204,000 after purchasing an additional 3,330 shares in the last quarter. 98.22% of the stock is owned by institutional investors.

Several research firms have issued reports on WLH. Citigroup cut shares of William Lyon Homes from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research note on Thursday, January 4th. Zacks Investment Research upgraded shares of William Lyon Homes from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. ValuEngine upgraded shares of William Lyon Homes from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Wedbush restated a “neutral” rating and set a $31.00 price objective (up previously from $27.00) on shares of William Lyon Homes in a research report on Friday, December 29th. Finally, UBS Group raised their price objective on shares of William Lyon Homes from $25.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.75.

In related news, major shareholder Gmt Capital Corp sold 31,200 shares of the stock in a transaction on Friday, January 5th. The shares were sold at an average price of $30.99, for a total transaction of $966,888.00. Following the transaction, the insider now owns 3,616,017 shares of the company’s stock, valued at approximately $112,060,366.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Matthew R. Zaist sold 25,000 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $28.83, for a total transaction of $720,750.00. Following the transaction, the chief executive officer now directly owns 205,377 shares in the company, valued at approximately $5,921,018.91. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 165,100 shares of company stock worth $4,840,703. 22.30% of the stock is owned by insiders.

William Lyon Homes (NYSE WLH) traded down $0.35 during trading on Tuesday, hitting $32.01. 256,500 shares of the stock traded hands, compared to its average volume of 505,189. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.30 and a current ratio of 10.77. The stock has a market cap of $1,018.56, a PE ratio of 20.92 and a beta of 1.81. William Lyon Homes has a 12-month low of $16.37 and a 12-month high of $32.95.

William Lyon Homes (NYSE:WLH) last posted its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04. William Lyon Homes had a net margin of 3.61% and a return on equity of 9.33%. The firm had revenue of $490.34 million for the quarter, compared to analysts’ expectations of $486.57 million. During the same quarter last year, the company posted $0.34 EPS. The business’s quarterly revenue was up 43.1% on a year-over-year basis. equities research analysts forecast that William Lyon Homes will post 2.17 EPS for the current year.

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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.

Institutional Ownership by Quarter for William Lyon Homes (NYSE:WLH)

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