Tricadia Capital Management LLC lifted its stake in Lyon William Homes (NYSE:WLH) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,104,047 shares of the construction company’s stock after purchasing an additional 67,400 shares during the quarter. Lyon William Homes accounts for approximately 9.6% of Tricadia Capital Management LLC’s holdings, making the stock its 2nd biggest position. Tricadia Capital Management LLC owned approximately 3.46% of Lyon William Homes worth $26,652,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of WLH. Victory Capital Management Inc. raised its position in shares of Lyon William Homes by 79.9% in the 1st quarter. Victory Capital Management Inc. now owns 5,012 shares of the construction company’s stock worth $103,000 after purchasing an additional 2,226 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Lyon William Homes by 79.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,663 shares of the construction company’s stock worth $112,000 after buying an additional 2,063 shares in the last quarter. Mason Street Advisors LLC bought a new stake in Lyon William Homes in the 1st quarter worth about $113,000. Municipal Employees Retirement System of Michigan bought a new stake in Lyon William Homes in the 2nd quarter worth about $133,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Lyon William 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 buying an additional 2,603 shares in the last quarter.
In other Lyon William Homes news, major shareholder Gmt Capital Corp sold 50,264 shares of the stock in a transaction on Monday, June 26th. The stock was sold at an average price of $23.50, for a total transaction of $1,181,204.00. Following the transaction, the insider now owns 4,070,153 shares of the company’s stock, valued at approximately $95,648,595.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Paulson Property Management Ii sold 3,322,666 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $23.81, for a total value of $79,112,677.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,726,410 shares of company stock worth $88,604,378. Corporate insiders own 21.33% of the company’s stock.
Shares of Lyon William Homes (NYSE WLH) traded up 0.04% on Friday, hitting $22.35. The company had a trading volume of 267,561 shares. Lyon William Homes has a 52 week low of $15.21 and a 52 week high of $25.18. The stock’s 50-day moving average is $23.31 and its 200 day moving average is $22.47. The company has a market capitalization of $713.99 million, a price-to-earnings ratio of 19.23 and a beta of 1.75.
Lyon William Homes (NYSE:WLH) last announced its earnings results on Monday, August 7th. The construction company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Lyon William Homes had a return on equity of 7.72% and a net margin of 3.01%. The firm had revenue of $422.69 million for the quarter, compared to analysts’ expectations of $424.86 million. During the same quarter in the prior year, the firm earned $0.38 EPS. Lyon William Homes’s quarterly revenue was up 29.8% on a year-over-year basis. Equities analysts expect that Lyon William Homes will post $1.96 EPS for the current year.
A number of equities research analysts have issued reports on the company. Citigroup Inc. restated a “buy” rating and set a $27.50 price target (up from $27.00) on shares of Lyon William Homes in a research note on Tuesday, July 18th. Zacks Investment Research downgraded Lyon William Homes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, BidaskClub downgraded Lyon William Homes from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Lyon William Homes has an average rating of “Hold” and a consensus price target of $24.83.
Lyon William Homes 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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