Hovnanian Enterprises Inc. (HOV) Stake Cut by Ausdal Financial Partners Inc.
Ausdal Financial Partners Inc. lowered its position in shares of Hovnanian Enterprises Inc. (NYSE:HOV) by 14.8% during the second quarter, Holdings Channel reports. The fund owned 148,000 shares of the company’s stock after selling 25,800 shares during the period. Ausdal Financial Partners Inc.’s holdings in Hovnanian Enterprises were worth $249,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. UBS Group AG boosted its position in Hovnanian Enterprises by 8.5% in the first quarter. UBS Group AG now owns 336,135 shares of the company’s stock worth $525,000 after buying an additional 26,386 shares during the period. Geode Capital Management LLC boosted its position in Hovnanian Enterprises by 1.4% in the first quarter. Geode Capital Management LLC now owns 805,812 shares of the company’s stock worth $1,257,000 after buying an additional 11,120 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its position in Hovnanian Enterprises by 0.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 91,337 shares of the company’s stock worth $142,000 after buying an additional 804 shares during the period. Hedge funds and other institutional investors own 27.14% of the company’s stock.
Shares of Hovnanian Enterprises Inc. (NYSE:HOV) traded down 1.24% during trading on Tuesday, reaching $1.59. The company’s stock had a trading volume of 714,662 shares. Hovnanian Enterprises Inc. has a 12-month low of $1.19 and a 12-month high of $2.35. The stock’s 50-day moving average is $1.71 and its 200-day moving average is $1.71. The stock’s market cap is $234.20 million.
HOV has been the subject of a number of research analyst reports. Zacks Investment Research raised Hovnanian Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. MKM Partners set a $1.80 price target on Hovnanian Enterprises and gave the stock a “hold” rating in a report on Monday, September 12th.
About Hovnanian Enterprises
Hovnanian Enterprises, Inc is a builder of residential homes. The Company designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. The Company has two distinct operations: homebuilding and financial services.
Want to see what other hedge funds are holding HOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hovnanian Enterprises Inc. (NYSE:HOV).
Receive News & Ratings for Hovnanian Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hovnanian Enterprises Inc. and related companies with MarketBeat.com's FREE daily email newsletter.