Cornerstone Capital Management Holdings LLC. grew its position in Hovnanian Enterprises, Inc. (NYSE:HOV) by 37.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,179,532 shares of the construction company’s stock after acquiring an additional 323,400 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned about 0.80% of Hovnanian Enterprises worth $2,275,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Northern Trust Corp raised its stake in shares of Hovnanian Enterprises by 3.4% during the second quarter. Northern Trust Corp now owns 1,428,606 shares of the construction company’s stock worth $4,000,000 after purchasing an additional 47,262 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Hovnanian Enterprises by 79.1% during the second quarter. Canada Pension Plan Investment Board now owns 448,400 shares of the construction company’s stock worth $1,256,000 after purchasing an additional 198,100 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Hovnanian Enterprises by 92.2% during the second quarter. TIAA CREF Investment Management LLC now owns 1,087,768 shares of the construction company’s stock worth $3,046,000 after purchasing an additional 521,737 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Hovnanian Enterprises by 21.4% during the first quarter. Vanguard Group Inc. now owns 5,399,420 shares of the construction company’s stock worth $12,257,000 after purchasing an additional 953,607 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Hovnanian Enterprises by 75.4% during the second quarter. Alliancebernstein L.P. now owns 734,378 shares of the construction company’s stock worth $2,056,000 after purchasing an additional 315,780 shares during the last quarter. 32.14% of the stock is owned by institutional investors and hedge funds.

Shares of Hovnanian Enterprises, Inc. (HOV) opened at $2.67 on Thursday. Hovnanian Enterprises, Inc. has a 52 week low of $1.66 and a 52 week high of $2.98. The company has a current ratio of 0.82, a quick ratio of 0.24 and a debt-to-equity ratio of -0.30. The company has a market capitalization of $391.12, a P/E ratio of 17.67 and a beta of 1.98.

Several equities research analysts have recently commented on HOV shares. TheStreet cut Hovnanian Enterprises from a “c-” rating to a “d” rating in a research note on Thursday, September 7th. MKM Partners restated a “neutral” rating on shares of Hovnanian Enterprises in a research note on Tuesday, September 5th.

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Hovnanian Enterprises Profile

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.

Institutional Ownership by Quarter for Hovnanian Enterprises (NYSE:HOV)

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