3,839 Shares in Hovnanian Enterprises, Inc. (NYSE:HOV) Purchased by XTX Topco Ltd

XTX Topco Ltd bought a new stake in shares of Hovnanian Enterprises, Inc. (NYSE:HOV - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 3,839 shares of the construction company's stock, valued at approximately $514,000. XTX Topco Ltd owned 0.06% of Hovnanian Enterprises as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HOV. Quantbot Technologies LP bought a new position in shares of Hovnanian Enterprises during the fourth quarter valued at about $25,000. FMR LLC grew its holdings in shares of Hovnanian Enterprises by 20.6% in the third quarter. FMR LLC now owns 346 shares of the construction company's stock valued at $71,000 after acquiring an additional 59 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Hovnanian Enterprises during the fourth quarter worth $120,000. B. Riley Wealth Advisors Inc. purchased a new position in Hovnanian Enterprises in the third quarter worth $205,000. Finally, Exchange Traded Concepts LLC grew its stake in Hovnanian Enterprises by 51.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 2,135 shares of the construction company's stock valued at $286,000 after purchasing an additional 724 shares during the period. Institutional investors own 65.40% of the company's stock.

Hovnanian Enterprises Price Performance

NYSE HOV traded down $2.98 during trading hours on Friday, reaching $95.74. 12,950 shares of the stock traded hands, compared to its average volume of 80,759. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.52 and a quick ratio of 0.34. The stock has a 50 day simple moving average of $103.43 and a two-hundred day simple moving average of $139.48. Hovnanian Enterprises, Inc. has a 1 year low of $81.15 and a 1 year high of $240.34. The company has a market cap of $567.25 million, a price-to-earnings ratio of 2.99 and a beta of 2.43.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The construction company reported $3.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.71 by $0.87. The firm had revenue of $673.62 million for the quarter, compared to analysts' expectations of $705.80 million. Hovnanian Enterprises had a net margin of 8.05% and a return on equity of 43.47%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Zelman & Associates restated an "underperform" rating on shares of Hovnanian Enterprises in a research note on Wednesday, February 12th. StockNews.com cut Hovnanian Enterprises from a "hold" rating to a "sell" rating in a research note on Tuesday, March 18th.

About Hovnanian Enterprises

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.