William Lyon Homes (WLH) Position Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in shares of William Lyon Homes (NYSE:WLH) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 516,913 shares of the construction company’s stock after buying an additional 10,094 shares during the period. Bank of New York Mellon Corp’s holdings in William Lyon Homes were worth $8,213,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new position in William Lyon Homes in the third quarter worth about $333,000. Public Employees Retirement System of Ohio boosted its position in William Lyon Homes by 38.2% in the second quarter. Public Employees Retirement System of Ohio now owns 17,010 shares of the construction company’s stock worth $395,000 after purchasing an additional 4,703 shares during the last quarter. Bowling Portfolio Management LLC boosted its position in William Lyon Homes by 11.6% in the third quarter. Bowling Portfolio Management LLC now owns 35,174 shares of the construction company’s stock worth $559,000 after purchasing an additional 3,657 shares during the last quarter. Cubic Asset Management LLC boosted its position in William Lyon Homes by 15.7% in the third quarter. Cubic Asset Management LLC now owns 41,600 shares of the construction company’s stock worth $661,000 after purchasing an additional 5,650 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in William Lyon Homes by 18.6% in the third quarter. Arizona State Retirement System now owns 48,103 shares of the construction company’s stock worth $764,000 after purchasing an additional 7,554 shares during the last quarter. 87.31% of the stock is currently owned by institutional investors.

In other news, CEO Matthew R. Zaist bought 8,000 shares of the company’s stock in a transaction on Friday, November 16th. The shares were acquired at an average cost of $11.60 per share, with a total value of $92,800.00. Following the completion of the transaction, the chief executive officer now owns 319,912 shares of the company’s stock, valued at approximately $3,710,979.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Gmt Capital Corp sold 166,600 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $12.17, for a total value of $2,027,522.00. Following the completion of the transaction, the insider now directly owns 3,432,042 shares in the company, valued at $41,767,951.14. The disclosure for this sale can be found here. Insiders sold 308,702 shares of company stock worth $3,719,810 over the last three months. Insiders own 22.13% of the company’s stock.

Shares of NYSE:WLH opened at $13.98 on Friday. The stock has a market capitalization of $551.21 million, a price-to-earnings ratio of 6.33 and a beta of 1.77. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.14 and a current ratio of 6.30. William Lyon Homes has a 52-week low of $9.85 and a 52-week high of $29.81.

Several research analysts have issued reports on WLH shares. Citigroup set a $15.00 target price on William Lyon Homes and gave the stock a “hold” rating in a research report on Monday, November 5th. Zacks Investment Research cut William Lyon Homes from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 1st.

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About William Lyon Homes

William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, and Oregon. It sells its homes primarily to entry-level, and first-time and second-time move-up homebuyers, as well as to luxury home and active adult markets under the Village Homes and Polygon Northwest Homes brands through in-house commissioned sales personnel and outside brokers.

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

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