Jump Financial LLC Purchases 6,820 Shares of Hovnanian Enterprises, Inc. (NYSE:HOV)

Jump Financial LLC boosted its position in Hovnanian Enterprises, Inc. (NYSE:HOV - Free Report) by 105.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,282 shares of the construction company's stock after buying an additional 6,820 shares during the quarter. Jump Financial LLC owned approximately 0.22% of Hovnanian Enterprises worth $2,067,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of HOV. Bank of New York Mellon Corp increased its position in shares of Hovnanian Enterprises by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 35,316 shares of the construction company's stock worth $3,590,000 after purchasing an additional 351 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Hovnanian Enterprises during the 3rd quarter worth approximately $468,000. Principal Financial Group Inc. acquired a new position in shares of Hovnanian Enterprises during the 3rd quarter worth approximately $227,000. Los Angeles Capital Management LLC acquired a new position in shares of Hovnanian Enterprises during the 3rd quarter worth approximately $1,614,000. Finally, Barclays PLC increased its position in shares of Hovnanian Enterprises by 78.6% during the 3rd quarter. Barclays PLC now owns 1,709 shares of the construction company's stock worth $173,000 after purchasing an additional 752 shares during the last quarter. Institutional investors and hedge funds own 65.40% of the company's stock.

Insider Transactions at Hovnanian Enterprises

In other news, CEO Ara K. Hovnanian sold 1,000 shares of the firm's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $157.82, for a total transaction of $157,820.00. Following the completion of the transaction, the chief executive officer now directly owns 51,475 shares in the company, valued at $8,123,784.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on HOV shares. StockNews.com downgraded Hovnanian Enterprises from a "buy" rating to a "hold" rating in a research note on Sunday, March 3rd. TheStreet raised Hovnanian Enterprises from a "c+" rating to a "b-" rating in a report on Friday, February 16th. Finally, Zelman & Associates reaffirmed an "underperform" rating on shares of Hovnanian Enterprises in a report on Friday, April 12th.

Hovnanian Enterprises Price Performance

Shares of HOV stock traded up $3.36 on Tuesday, hitting $172.36. 53,097 shares of the company's stock were exchanged, compared to its average volume of 77,718. The company has a debt-to-equity ratio of 2.19, a current ratio of 4.07 and a quick ratio of 0.86. Hovnanian Enterprises, Inc. has a 12 month low of $65.22 and a 12 month high of $183.60. The stock has a market cap of $1.05 billion, a P/E ratio of 6.20 and a beta of 2.62. The company has a 50 day moving average of $148.64 and a 200 day moving average of $139.75.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last posted its earnings results on Thursday, February 22nd. The construction company reported $2.75 EPS for the quarter. The firm had revenue of $594.20 million during the quarter. Hovnanian Enterprises had a return on equity of 58.22% and a net margin of 7.45%.

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.