What Can We Expect After New Home (NWHM)’s Downgrade By JPMorgan?

July 13, 2018 - By Joseph Norton

The New Home Company Inc. (NYSE:NWHM) Logo

Investors sentiment decreased to 0.93 in 2018 Q1. Its down 0.61, from 1.54 in 2017Q4. It fall, as 7 investors sold The New Home Company Inc. shares while 22 reduced holdings. 9 funds opened positions while 18 raised stakes. 12.29 million shares or 4.54% more from 11.75 million shares in 2017Q4 were reported.

California State Teachers Retirement Systems reported 0% stake. Victory Capital Mngmt has invested 0% of its portfolio in The New Home Company Inc. (NYSE:NWHM). D E Shaw And Incorporated has 0% invested in The New Home Company Inc. (NYSE:NWHM) for 59,266 shares. Commercial Bank Of America Corporation De owns 5,929 shares for 0% of their portfolio. Jpmorgan Chase & holds 2,486 shares or 0% of its portfolio. Tiaa Cref Investment Mgmt Lc invested in 0% or 30,209 shares. Dimensional Fund Advsrs Ltd Partnership has invested 0% in The New Home Company Inc. (NYSE:NWHM). Ameritas Invest Prtn Inc reported 0% in The New Home Company Inc. (NYSE:NWHM). Moreover, Deutsche Bank & Trust Ag has 0% invested in The New Home Company Inc. (NYSE:NWHM). Second Curve Cap Limited Liability Corporation has invested 8.74% in The New Home Company Inc. (NYSE:NWHM). Lsv Asset Management has 0% invested in The New Home Company Inc. (NYSE:NWHM). Prudential Fin reported 26,052 shares. State Of New Jersey Common Pension Fund D accumulated 0% or 45,000 shares. Panagora Asset Mgmt owns 1,879 shares. Barclays Public Limited Co owns 2,561 shares or 0% of their US portfolio.

Since February 1, 2018, it had 0 insider purchases, and 3 insider sales for $126,925 activity. The insider TCN/TNHC LP sold $86,040.

New Home (NWHM) Receives a Downgrade

In a note revealed to clients on Friday morning, JPMorgan announced that they will be downgrading shares of New Home (NWHM) from a “Neutral” to a “Underweight” rating.

The stock decreased 1.18% or $0.12 during the last trading session, reaching $10.03. About 45,956 shares traded. The New Home Company Inc. (NWHM) has declined 7.76% since July 13, 2017 and is downtrending. It has underperformed by 20.33% the S&P500.

Analysts await The New Home Company Inc. (NYSE:NWHM) to report earnings on July, 26. They expect $0.02 EPS, down 81.82 % or $0.09 from last year’s $0.11 per share. NWHM’s profit will be $420,158 for 125.38 P/E if the $0.02 EPS becomes a reality. After $-0.03 actual EPS reported by The New Home Company Inc. for the previous quarter, Wall Street now forecasts -166.67 % EPS growth.

The New Home Company Inc., a homebuilder, focuses on the design, construction, and sale of homes in metropolitan areas of California and Arizona. The company has market cap of $210.71 million. The firm operates through two divisions, Homebuilding and Fee Building. It has a 13.37 P/E ratio. It manufactures and sells homes in California, including coastal Southern California, the San Francisco Bay area, the metro Sacramento, and the Phoenix area.

More recent The New Home Company Inc. (NYSE:NWHM) news were published by: Businesswire.com which released: “The New Home Company Brings National Award-Winning Approach to its Community Design and Development at …” on June 27, 2018. Also Businesswire.com published the news titled: “The New Home Company Schedules Second Quarter 2018 Earnings Release and Conference Call” on July 05, 2018. Businesswire.com‘s news article titled: “The New Home Company is Most Recognized Homebuilder at 2018 Gold Nuggets with Five Grand Awards, Including …” with publication date: July 02, 2018 was also an interesting one.

The New Home Company Inc. (NYSE:NWHM) Institutional Positions Chart

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