D. E. Shaw & Co. Inc. Boosts Stock Position in Hovnanian Enterprises, Inc. (NYSE:HOV)

D. E. Shaw & Co. Inc. lifted its stake in Hovnanian Enterprises, Inc. (NYSE:HOV - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,239 shares of the construction company's stock after purchasing an additional 9,407 shares during the period. D. E. Shaw & Co. Inc. owned about 2.00% of Hovnanian Enterprises worth $16,224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in Hovnanian Enterprises in the fourth quarter valued at $25,000. KLP Kapitalforvaltning AS purchased a new stake in Hovnanian Enterprises during the 4th quarter worth about $120,000. Brevan Howard Capital Management LP purchased a new stake in Hovnanian Enterprises during the 4th quarter worth about $204,000. Citadel Advisors LLC purchased a new stake in Hovnanian Enterprises during the 4th quarter worth about $269,000. Finally, Exchange Traded Concepts LLC lifted its holdings in Hovnanian Enterprises by 51.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,135 shares of the construction company's stock worth $286,000 after buying an additional 724 shares during the last quarter. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

Hovnanian Enterprises Stock Performance

Shares of Hovnanian Enterprises stock traded up $3.03 on Friday, hitting $111.11. The stock had a trading volume of 50,282 shares, compared to its average volume of 80,574. Hovnanian Enterprises, Inc. has a 52-week low of $81.15 and a 52-week high of $240.34. The company has a current ratio of 1.52, a quick ratio of 0.34 and a debt-to-equity ratio of 0.14. The stock has a market cap of $658.34 million, a price-to-earnings ratio of 3.46 and a beta of 2.28. The company's 50 day moving average price is $101.09 and its 200 day moving average price is $129.27.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last posted its earnings results on Thursday, February 27th. The construction company reported $3.58 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.87. Hovnanian Enterprises had a return on equity of 43.47% and a net margin of 8.05%. The business had revenue of $673.62 million during the quarter, compared to the consensus estimate of $705.80 million.

Analyst Ratings Changes

A number of analysts have issued reports on HOV shares. StockNews.com downgraded Hovnanian Enterprises from a "hold" rating to a "sell" rating in a report on Tuesday, March 18th. Zelman & Associates reaffirmed an "underperform" rating on shares of Hovnanian Enterprises in a report on Wednesday, February 12th.

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.