The New Home Company Inc. (NWHM) Reaches $11.56 After 9.00% Down Move; Nuveen Connecticut Premium Income Municipal Fund (NTC) Has 1.78 Sentiment

February 15, 2018 - By Marguerite Chambers

The stock decreased 0.13% or $0.02 during the last trading session, reaching $11.56. About 21,547 shares traded. Nuveen Connecticut Quality Muni (NTC) has declined 8.18% since February 15, 2017 and is downtrending. It has underperformed by 24.88% the S&P500.

The stock of The New Home Company Inc. (NYSE:NWHM) is a huge mover today! The stock decreased 2.45% or $0.29 during the last trading session, reaching $11.56. About 92,778 shares traded. The New Home Company Inc. (NYSE:NWHM) has risen 29.51% since February 15, 2017 and is uptrending. It has outperformed by 12.81% the S&P500.The move comes after 7 months negative chart setup for the $241.34 million company. It was reported on Feb, 15 by Barchart.com. We have $10.52 PT which if reached, will make NYSE:NWHM worth $21.72M less.

Bulldog Investors Llc holds 0.44% of its portfolio in Nuveen Connecticut Quality Muni for 125,003 shares. Edge Wealth Management Llc owns 40,890 shares or 0.15% of their US portfolio. Moreover, Greenwich Wealth Management Llc has 0.15% invested in the company for 72,964 shares. The New Jersey-based Landscape Capital Management L.L.C. has invested 0.07% in the stock. Mathes Company Inc., a New York-based fund reported 12,500 shares.

Since October 3, 2017, it had 0 insider buys, and 9 insider sales for $2.76 million activity. 3,304 shares valued at $38,161 were sold by Davis Joseph David on Wednesday, October 4. The insider TCN/TNHC LP sold 74,061 shares worth $920,193.

Analysts await The New Home Company Inc. (NYSE:NWHM) to report earnings on February, 28. They expect $0.64 earnings per share, down 15.79% or $0.12 from last year’s $0.76 per share. NWHM’s profit will be $13.36M for 4.52 P/E if the $0.64 EPS becomes a reality. After $0.21 actual earnings per share reported by The New Home Company Inc. for the previous quarter, Wall Street now forecasts 204.76% EPS growth.

Among 2 analysts covering New Home Company (NYSE:NWHM), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. New Home Company has $18 highest and $11 lowest target. $14’s average target is 21.11% above currents $11.56 stock price. New Home Company had 7 analyst reports since August 7, 2015 according to SRatingsIntel. JP Morgan downgraded The New Home Company Inc. (NYSE:NWHM) on Friday, August 7 to “Overweight” rating. JMP Securities downgraded The New Home Company Inc. (NYSE:NWHM) on Thursday, February 15 to “Market Perform” rating. The firm has “Overweight” rating by JP Morgan given on Monday, August 10. The rating was maintained by Citigroup on Wednesday, June 15 with “Neutral”.

Investors sentiment decreased to 1.9 in Q3 2017. Its down 0.32, from 2.22 in 2017Q2. It turned negative, as 5 investors sold The New Home Company Inc. shares while 16 reduced holdings. 17 funds opened positions while 23 raised stakes. 11.57 million shares or 2.89% less from 11.91 million shares in 2017Q2 were reported. Fmr Limited Company has 0% invested in The New Home Company Inc. (NYSE:NWHM) for 1.08M shares. The California-based First Quadrant L P Ca has invested 0% in The New Home Company Inc. (NYSE:NWHM). Manufacturers Life The reported 0% in The New Home Company Inc. (NYSE:NWHM). Schwab Charles Invest Mgmt, California-based fund reported 16,549 shares. Barclays Pcl has 287 shares. Deutsche Bank & Trust Ag invested in 0% or 128,597 shares. Ameriprise Fincl Incorporated has 11,458 shares for 0% of their portfolio. Bnp Paribas Arbitrage holds 0% or 1,072 shares in its portfolio. Goldman Sachs Group Inc invested in 0% or 97,677 shares. Meeder Asset has 777 shares. Prudential Financial invested 0% in The New Home Company Inc. (NYSE:NWHM). 12,789 are held by Rhumbline Advisers. Retail Bank Of America Corp De holds 0% of its portfolio in The New Home Company Inc. (NYSE:NWHM) for 4,792 shares. Lsv Asset invested in 35,700 shares or 0% of the stock. Missouri-based Kennedy Cap has invested 0.16% in The New Home Company Inc. (NYSE:NWHM).

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 $241.34 million. The firm operates through two divisions, Homebuilding and Fee Building. It has a 11.84 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.

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