Centiva Capital LP Makes New $635,000 Investment in Hovnanian Enterprises, Inc. (NYSE:HOV)

Centiva Capital LP acquired a new position in shares of Hovnanian Enterprises, Inc. (NYSE:HOV - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,109 shares of the construction company's stock, valued at approximately $635,000. Centiva Capital LP owned approximately 0.05% of Hovnanian Enterprises as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Paloma Partners Management Co purchased a new stake in Hovnanian Enterprises in the 3rd quarter worth approximately $254,000. Brightline Capital Management LLC increased its holdings in shares of Hovnanian Enterprises by 68.8% in the third quarter. Brightline Capital Management LLC now owns 81,000 shares of the construction company's stock worth $16,554,000 after purchasing an additional 33,000 shares during the period. FMR LLC raised its position in shares of Hovnanian Enterprises by 20.6% in the third quarter. FMR LLC now owns 346 shares of the construction company's stock worth $71,000 after buying an additional 59 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Hovnanian Enterprises by 38.0% during the third quarter. The Manufacturers Life Insurance Company now owns 2,661 shares of the construction company's stock valued at $544,000 after buying an additional 733 shares during the period. Finally, Cerity Partners LLC grew its position in Hovnanian Enterprises by 7.8% during the third quarter. Cerity Partners LLC now owns 2,624 shares of the construction company's stock worth $536,000 after buying an additional 190 shares in the last quarter. Institutional investors own 65.40% of the company's stock.

Hovnanian Enterprises Price Performance

Shares of Hovnanian Enterprises stock traded down $7.35 on Friday, hitting $169.94. 170,842 shares of the company traded hands, compared to its average volume of 66,380. Hovnanian Enterprises, Inc. has a 12-month low of $118.90 and a 12-month high of $240.34. The company has a current ratio of 1.45, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.03 billion, a P/E ratio of 5.29 and a beta of 2.62. The firm's 50-day simple moving average is $185.82 and its 200 day simple moving average is $180.57.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Hovnanian Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, August 23rd.

Insider Activity at Hovnanian Enterprises

In other Hovnanian Enterprises news, Director J Larry Sorsby sold 4,062 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $225.61, for a total value of $916,427.82. Following the completion of the sale, the director now owns 127,982 shares of the company's stock, valued at $28,874,019.02. This represents a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ara K. Hovnanian sold 123 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $220.13, for a total transaction of $27,075.99. Following the transaction, the chief executive officer now owns 47,156 shares in the company, valued at $10,380,450.28. The trade was a 0.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,289 shares of company stock valued at $5,158,796 over the last 90 days. 17.67% of the stock is owned by insiders.

Hovnanian Enterprises 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.