Slow Capital Inc. Takes Position in Hovnanian Enterprises, Inc. (NYSE:HOV)

Slow Capital Inc. purchased a new stake in Hovnanian Enterprises, Inc. (NYSE:HOV – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,862 shares of the construction company’s stock, valued at approximately $237,000.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Hovnanian Enterprises by 2.3% in the third quarter. BlackRock Inc. now owns 351,751 shares of the construction company’s stock valued at $33,907,000 after purchasing an additional 7,751 shares in the last quarter. FineMark National Bank & Trust raised its holdings in Hovnanian Enterprises by 16.1% during the third quarter. FineMark National Bank & Trust now owns 5,879 shares of the construction company’s stock worth $567,000 after acquiring an additional 814 shares in the last quarter. Two Sigma Investments LP bought a new stake in Hovnanian Enterprises during the third quarter worth about $1,258,000. Russell Investments Group Ltd. bought a new stake in Hovnanian Enterprises during the third quarter worth about $96,000. Finally, Two Sigma Advisers LP raised its holdings in Hovnanian Enterprises by 101.3% during the third quarter. Two Sigma Advisers LP now owns 6,700 shares of the construction company’s stock worth $646,000 after acquiring an additional 3,372 shares in the last quarter. Institutional investors own 64.01% of the company’s stock.

NYSE HOV traded down $2.57 during trading on Friday, reaching $46.02. 66,625 shares of the company’s stock were exchanged, compared to its average volume of 115,231. The business has a 50 day moving average price of $65.03 and a 200-day moving average price of $88.86. The stock has a market capitalization of $289.47 million, a P/E ratio of 0.53 and a beta of 2.43. The company has a debt-to-equity ratio of 3.19, a current ratio of 1.01 and a quick ratio of 0.18. Hovnanian Enterprises, Inc. has a fifty-two week low of $44.64 and a fifty-two week high of $146.34.

Hovnanian Enterprises (NYSE:HOV – Get Rating) last announced its quarterly earnings results on Tuesday, March 1st. The construction company reported $3.07 earnings per share for the quarter. The firm had revenue of $565.31 million for the quarter. Hovnanian Enterprises had a return on equity of 2,419.54% and a net margin of 22.13%.

Separately, StockNews.com initiated coverage on Hovnanian Enterprises in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

About Hovnanian Enterprises (Get Rating)

Hovnanian Enterprises, Inc engages in the design, construction, marketing, and sale of 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.

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