Heathbridge Capital Management LTD Stake in Magna Intl (MGA) Decreased as Share Value Rose; Holder Second Curve Capital Has Upped New Home Co / The (NWHM) Holding

June 14, 2018 - By Adrian Erickson

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

Tom Brown increased its stake in New Home Co Inc / The (NWHM) by 3.54% based on its latest 2018Q1 regulatory filing with the SEC. Second Curve Capital Llc bought 70,000 shares as the company’s stock declined 14.33% with the market. The hedge fund run by Tom Brown held 2.05M shares of the homebuilding company at the end of 2018Q1, valued at $22.70M, up from 1.98 million at the end of the previous reported quarter. Second Curve Capital Llc who had been investing in New Home Co Inc / The for a number of months, seems to be bullish on the $210.08 million market cap company. The stock decreased 0.89% or $0.09 during the last trading session, reaching $10. About 46,064 shares traded. The New Home Company Inc. (NYSE:NWHM) has declined 7.76% since June 14, 2017 and is downtrending. It has underperformed by 20.33% the S&P500. Some Historical NWHM News: 03/05/2018 – New Home 1Q Loss/Shr 3c; 11/04/2018 – The New Home Company Announces Marywood Hills, a Collection of Luxury Residences with Unobstructed Views from Orange to the; 24/04/2018 – The New Home Company Announces Model Home Grand Opening for First Community in San Diego; 24/05/2018 – JetBlue Announces Fort Lauderdale as the New Home for Its Travel Products Subsidiary; 07/03/2018 – Megan Eltringham and Melanie Andrews of The New Home Company Named to Professional Builder’s 40 Under 40 Class of 2018; 19/03/2018 – The New Home Company Heads to the Sierra Foothills with Canyon View at Whitney Ranch in Rocklin, California; 03/05/2018 – New Home Sees 2018 Home Sales Rev of $600M-$640M; 06/03/2018 The New Home Company Announces Topaz at Esencia on Rancho Mission Viejo; 24/04/2018 – New Home Short-Interest Ratio Rises 29% to 10 Days; 26/03/2018 – New Home Closes Above 200-Day Moving Average: Technicals




Heathbridge Capital Management Ltd decreased its stake in Magna Intl Inc (MGA) by 7.26% based on its latest 2018Q1 regulatory filing with the SEC. Heathbridge Capital Management Ltd sold 43,250 shares as the company’s stock rose 12.18% while stock markets declined. The institutional investor held 552,175 shares of the capital goods company at the end of 2018Q1, valued at $31.12 million, down from 595,425 at the end of the previous reported quarter. Heathbridge Capital Management Ltd who had been investing in Magna Intl Inc for a number of months, seems to be less bullish one the $23.25B market cap company. The stock increased 0.54% or $0.35 during the last trading session, reaching $65.43. About 198,458 shares traded. Magna International Inc. (NYSE:MGA) has risen 43.85% since June 14, 2017 and is uptrending. It has outperformed by 31.28% the S&P500. Some Historical MGA News: 09/03/2018 – USGS: M 0.7 – 16km NW of Magna, Utah; 10/05/2018 – MAGNA INTERNATIONAL INC MGA.N : RBC RAISES TARGET PRICE TO $76 FROM $71; 10/05/2018 – MAGNA CEO EXPECTS MORE CONSOLIDATION AMONG AUTO SUPPLIERS; 02/04/2018 – Magna Forms Joint Venture in China to Support Growing Composite Liftgate Market; 10/05/2018 – MAGNA CEO: 7% OF VEHICLES PRODUCED IN 2030 WILL BE AUTONOMOUS; 10/05/2018 – MAGNA CFO: CAPITAL SPENDING EXPECTED TO FALL OVER NEXT 2 YEARS; 26/04/2018 – AMOEBA SA AMEBA.PA – WILLAERTIA MAGNA C2C MAKY FOR USE IN PRODUCT-TYPE 11 NOT APPROVED BY BIOCIDAL PRODUCTS COMMITTEE; 10/05/2018 – Magna International Had Seen 2018 Sales $39.3B-$41.5B; 10/05/2018 – Magna Intl 1Q EPS $1.83; 10/05/2018 – Magna International Raises 2018 View To Sales $40.9B-$43.1B

Analysts await Magna International Inc. (NYSE:MGA) to report earnings on August, 10. They expect $1.74 EPS, up 17.57% or $0.26 from last year’s $1.48 per share. MGA’s profit will be $618.32 million for 9.40 P/E if the $1.74 EPS becomes a reality. After $1.84 actual EPS reported by Magna International Inc. for the previous quarter, Wall Street now forecasts -5.43% negative EPS growth.

Among 16 analysts covering Magna International (NYSE:MGA), 11 have Buy rating, 2 Sell and 3 Hold. Therefore 69% are positive. Magna International had 61 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating by Deutsche Bank given on Friday, August 14. The stock has “Buy” rating by TD Securities on Friday, May 12. The stock of Magna International Inc. (NYSE:MGA) earned “Buy” rating by RBC Capital Markets on Friday, July 21. The firm earned “Hold” rating on Wednesday, March 14 by Susquehanna. RBC Capital Markets maintained Magna International Inc. (NYSE:MGA) rating on Friday, January 6. RBC Capital Markets has “Outperform” rating and $56 target. The firm has “Underperform” rating given on Wednesday, November 9 by Bank of America. On Thursday, March 17 the stock rating was maintained by Morgan Stanley with “Overweight”. On Friday, June 16 the stock rating was maintained by RBC Capital Markets with “Buy”. Goldman Sachs downgraded the stock to “Sell” rating in Monday, October 16 report. The firm has “Hold” rating given on Thursday, June 22 by BMO Capital Markets.

More recent Magna International Inc. (NYSE:MGA) news were published by: Nasdaq.com which released: “New Research Coverage Highlights Esperion Therapeutics, Magna International, Spectra Energy Partners, LP, Toronto …” on June 01, 2018. Also Globenewswire.com published the news titled: “Magna to Produce the new Z4 for the BMW Group” on June 05, 2018. Fool.ca‘s news article titled: “Should Potential Auto Tariffs Scare You Aware From These 3 Stocks?” with publication date: June 14, 2018 was also an interesting one.

Heathbridge Capital Management Ltd, which manages about $489.83M US Long portfolio, upped its stake in Transcanada Corp (NYSE:TRP) by 7,900 shares to 603,350 shares, valued at $24.86M in 2018Q1, according to the filing.

Among 3 analysts covering New Home Company (NYSE:NWHM), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. New Home Company had 8 analyst reports since August 7, 2015 according to SRatingsIntel. JP Morgan downgraded The New Home Company Inc. (NYSE:NWHM) rating on Monday, August 10. JP Morgan has “Overweight” rating and $14 target. The firm has “Overweight” rating by JP Morgan given on Friday, August 7. The stock of The New Home Company Inc. (NYSE:NWHM) has “Market Perform” rating given on Thursday, February 15 by JMP Securities. Citigroup maintained it with “Neutral” rating and $11 target in Wednesday, June 15 report. JP Morgan maintained the stock with “Neutral” rating in Tuesday, February 20 report.

Investors sentiment decreased to 0.93 in 2018 Q1. Its down 0.61, from 1.54 in 2017Q4. It dropped, as 7 investors sold NWHM 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. 10,186 are owned by Aqr Capital Management Lc. Denali Lc reported 449 shares. Northern Trust Corp has 147,946 shares. Victory Incorporated holds 0% or 23,263 shares. Vanguard Group Inc invested 0% of its portfolio in The New Home Company Inc. (NYSE:NWHM). Ameritas Investment Inc invested in 0% or 775 shares. Tiaa Cref Investment Mgmt Ltd Co stated it has 0% in The New Home Company Inc. (NYSE:NWHM). 2,126 were accumulated by Citigroup Inc. State Of New Jersey Common Pension Fund D stated it has 0% of its portfolio in The New Home Company Inc. (NYSE:NWHM). Reilly Finance Ltd has 0% invested in The New Home Company Inc. (NYSE:NWHM). Macroview Inv Mngmt Limited Liability Corporation holds 134 shares or 0% of its portfolio. Deutsche National Bank Ag reported 0% stake. Moreover, Spark Management Ltd Co has 0.01% invested in The New Home Company Inc. (NYSE:NWHM) for 16,400 shares. Dimensional Fund Advsr Limited Partnership owns 550,560 shares. Prudential Fincl holds 0% or 26,052 shares in its portfolio.

More recent The New Home Company Inc. (NYSE:NWHM) news were published by: Businesswire.com which released: “The New Home Company Announces Ellison Park, a Collection of Modern Residences Located in the Heart of the …” on June 12, 2018. Also Businesswire.com published the news titled: “The New Home Company Commences Sales on Limited Collection of Prestigious Luxury Residences in Covenant Hills” on June 11, 2018. Ocbj.com‘s news article titled: “Midday Stock Roundup” with publication date: June 13, 2018 was also an interesting one.

Second Curve Capital Llc, which manages about $545.33M and $259.77M US Long portfolio, decreased its stake in Qcr Holdings Inc (NASDAQ:QCRH) by 18,111 shares to 6,025 shares, valued at $270,000 in 2018Q1, according to the filing. It also reduced its holding in Bancorp Inc Del (NASDAQ:TBBK) by 205,000 shares in the quarter, leaving it with 2.90 million shares, and cut its stake in Zions Bancorporation (NASDAQ:ZIONW).

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

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