Institutional investors now have $43 million stake in Hovnanian Enterprises, Inc. (HOV)

Hovnanian Enterprises, Inc. (NYSE:HOV) marched up 26.11% compared to a 52-week low price of $0.64. The shares were last seen trading -2.7% lower, taking the closing price at $0.81 on 01/11/2019. At recent session, the prices were hovering between $0.8 and $0.8415. This company shares are 85.19% off its target price of $1.5 and the current market capitalization stands at $138.13M. The recent change has given its price a -26.69% deficit over SMA 50 and -73.78% deficit over its 52-week high. The stock witnessed -26.58% declines, -47.56% declines and -52.77% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HOV’s volatility during a week at 5.94% and during a month it has been found around 10.14%.

Hovnanian Enterprises, Inc. (HOV) Top Holders

Institutional investors currently hold around $43 million or 40.6% in HOV stock. Look at its top three institutional owners. Blackrock Inc. owns $7.51 million in Hovnanian Enterprises, Inc., which represents roughly 5.44% of the company’s market cap and approximately 17.47% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 6,508,198 shares of the stock are valued at $5.26 million. The third largest holder is Blackstone Group L.P., which currently holds $4.94 million worth of this stock and that ownership represents nearly 3.58% of its market capitalization.

Hovnanian Enterprises, Inc. 13F Filings

At the end of September reporting period, 35 institutional holders increased their position in Hovnanian Enterprises, Inc. (NYSE:HOV) by some 2,173,054 shares, 50 decreased positions by 3,707,536 and 37 held positions by 47,846,902. That puts total institutional holdings at 53,727,492 shares, according to SEC filings. The stock grabbed 8 new institutional investments totaling 540,221 shares while 12 institutional investors sold out their entire positions totaling 369,816 shares.

Hovnanian Enterprises, Inc. (NYSE:HOV) Insider Trades

Multiple company employees have indulged in significant insider trading. Hovnanian Enterprises, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Pagano Vincent Jr has acquired 14,535 shares of Hovnanian Enterprises, Inc. (HOV) in trading session dated Apr. 14, 2016. These shares are worth $25,291 and were traded at $1.74 each. The SEC filing shows that Pagano Vincent Jr performed a purchase of 20,260 shares. The Director added these shares by way of transaction on Oct. 21, 2015. The company’s shares were assimilated at $2.24 per share worth to an investment of some $45,382 on account of Pagano Vincent Jr.

Chairman of Bd., Pres. & CEO, 10% Owner, Hovnanian Ara K, sold 314,937 common shares of Hovnanian Enterprises, Inc. (HOV) in the open market. In a transaction dated Apr. 16, 2015, the shares were put up for sale at an average price of $3.57, raking in a sum of $1,124,325. After this sale, 6,156,543 common shares of HOV are directly owned by the insider, with total stake valued at $4,986,800.

In the transaction dated Mar. 20, 2015, the great number of shares disposed came courtesy the COO; Pellerito Thomas J. disposed a total of 70,282 shares at an average price of $3.41, amounting to approximately $239,662. The insider now directly owns 1,066,664 shares worth $863,998.

Hovnanian Enterprises, Inc. (HOV) Analyst Guide

Several analysts have released their opinion on Hovnanian Enterprises, Inc. (NYSE:HOV), with 0 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 3 average brokerage recommendation.