PulteGroup Inc. (PHM) Short Interest Update
PulteGroup Inc. (NYSE:PHM) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 27,753,785 shares, an increase of 13.9% from the October 14th total of 24,361,589 shares. Approximately 9.0% of the company’s shares are short sold. Based on an average trading volume of 5,405,275 shares, the days-to-cover ratio is currently 5.1 days.
PulteGroup (NYSE:PHM) opened at 18.64 on Tuesday. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 11.72 and a beta of 1.27. PulteGroup has a 1-year low of $14.61 and a 1-year high of $22.40. The stock’s 50 day moving average is $19.24 and its 200 day moving average is $19.69.
PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.43 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.43. PulteGroup had a net margin of 7.70% and a return on equity of 11.86%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm posted $0.33 EPS. The company’s quarterly revenue was up 29.0% on a year-over-year basis. Analysts predict that PulteGroup will post $1.53 EPS for the current fiscal year.
A number of equities analysts have issued reports on PHM shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $27.00 price objective on shares of PulteGroup in a research note on Thursday, September 15th. Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Monday, July 25th. Evercore ISI assumed coverage on shares of PulteGroup in a research report on Monday. They set a “hold” rating on the stock. Wells Fargo & Co. assumed coverage on shares of PulteGroup in a research report on Wednesday, September 28th. They set a “market perform” rating on the stock. Finally, FBR & Co lifted their price target on shares of PulteGroup from $20.00 to $24.00 and gave the stock a “market perform” rating in a research report on Friday, July 22nd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of C$21.58.
Large investors have recently bought and sold shares of the stock. IFP Advisors Inc raised its stake in PulteGroup by 1.6% in the second quarter. IFP Advisors Inc now owns 5,597 shares of the company’s stock worth $109,000 after buying an additional 90 shares in the last quarter. First Quadrant L P CA purchased a new stake in PulteGroup during the second quarter worth approximately $109,000. Orinda Asset Management LLC purchased a new stake in PulteGroup during the third quarter worth approximately $153,000. Advisory Services Network LLC raised its stake in PulteGroup by 5.4% in the third quarter. Advisory Services Network LLC now owns 9,811 shares of the company’s stock worth $197,000 after buying an additional 501 shares in the last quarter. Finally, Levin Capital Strategies L.P. purchased a new stake in PulteGroup during the second quarter worth approximately $195,000. 90.77% of the stock is currently owned by institutional investors.
PulteGroup Company Profile
PulteGroup, Inc is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking operations and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Company operates through Homebuilding and Financial Services segments.
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