Nationwide Fund Advisors lowered its position in Hovnanian Enterprises Inc (NYSE:HOV) by 6.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,096 shares of the construction company’s stock after selling 5,177 shares during the period. Nationwide Fund Advisors owned 0.05% of Hovnanian Enterprises worth $196,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Hovnanian Enterprises by 21.4% in the 1st 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. Renaissance Technologies LLC raised its position in Hovnanian Enterprises by 91.8% in the 1st quarter. Renaissance Technologies LLC now owns 4,625,402 shares of the construction company’s stock worth $10,500,000 after purchasing an additional 2,213,900 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Hovnanian Enterprises by 92.2% in the 2nd 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. Alliancebernstein L.P. raised its position in Hovnanian Enterprises by 75.4% in the 2nd 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. Finally, AQR Capital Management LLC raised its position in shares of Hovnanian Enterprises by 227.8% during the 1st quarter. AQR Capital Management LLC now owns 676,022 shares of the construction company’s stock valued at $1,535,000 after acquiring an additional 469,768 shares during the last quarter. Institutional investors own 30.94% of the company’s stock.

Several brokerages have commented on HOV. BidaskClub cut shares of Hovnanian Enterprises from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. MKM Partners reiterated a “neutral” rating on shares of Hovnanian Enterprises in a research report on Tuesday, September 5th. Finally, TheStreet cut shares of Hovnanian Enterprises from a “c-” rating to a “d” rating in a research report on Thursday, September 7th.

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Shares of Hovnanian Enterprises Inc (NYSE:HOV) opened at $2.29 on Thursday. The company has a market cap of $340.94, a price-to-earnings ratio of 15.40 and a beta of 1.88. Hovnanian Enterprises Inc has a 1 year low of $1.66 and a 1 year 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.

Hovnanian Enterprises (NYSE:HOV) last issued its earnings results on Thursday, September 7th. The construction company reported ($2.28) EPS for the quarter, missing the consensus estimate of ($0.01) by ($2.27). The business had revenue of $592.00 million for the quarter, compared to the consensus estimate of $584.50 million. Hovnanian Enterprises had a negative net margin of 12.69% and a negative return on equity of 7.10%. The company’s revenue for the quarter was down 17.4% on a year-over-year basis.

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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