2,451 Shares in Hovnanian Enterprises, Inc. (NYSE:HOV) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd purchased a new stake in shares of Hovnanian Enterprises, Inc. (NYSE:HOV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,451 shares of the construction company’s stock, valued at approximately $502,000.

A number of other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Hovnanian Enterprises during the 3rd quarter valued at $33,000. Innealta Capital LLC bought a new position in Hovnanian Enterprises in the 2nd quarter worth $37,000. FMR LLC increased its stake in Hovnanian Enterprises by 20.6% in the 3rd quarter. FMR LLC now owns 346 shares of the construction company’s stock worth $71,000 after buying an additional 59 shares in the last quarter. CWM LLC raised its holdings in Hovnanian Enterprises by 89.6% during the third quarter. CWM LLC now owns 749 shares of the construction company’s stock valued at $153,000 after acquiring an additional 354 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Hovnanian Enterprises in the second quarter valued at about $156,000. 65.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hovnanian Enterprises

In other news, CEO Ara K. Hovnanian sold 13,552 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $215.14, for a total transaction of $2,915,577.28. Following the completion of the transaction, the chief executive officer now owns 47,279 shares in the company, valued at $10,171,604.06. This trade represents a 22.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Edward A. Kangas sold 1,500 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $188.86, for a total value of $283,290.00. Following the completion of the sale, the director now owns 13,290 shares in the company, valued at $2,509,949.40. This represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,289 shares of company stock worth $5,158,796. Insiders own 17.67% of the company’s stock.

Hovnanian Enterprises Price Performance

HOV stock opened at $169.94 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 1.45. The company’s fifty day moving average price is $185.82 and its 200-day moving average price is $180.80. Hovnanian Enterprises, Inc. has a one year low of $118.90 and a one year high of $240.34. The company has a market capitalization of $1.03 billion, a PE ratio of 5.29 and a beta of 2.62.

Analysts Set New Price Targets

Separately, StockNews.com cut Hovnanian Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd.

Hovnanian Enterprises Company Profile

Hovnanian Enterprises, Inc, through its subsidiaries, designs, constructs, markets, and sells residential homes in the United States. It offers single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes with amenities, such as clubhouses, swimming pools, tennis courts, tot lots, and open areas.