Bank of New York Mellon Corp increased its position in shares of Hovnanian Enterprises Inc (NYSE:HOV) by 0.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 545,624 shares of the construction company’s stock after buying an additional 49 shares during the quarter. Bank of New York Mellon Corp owned about 0.37% of Hovnanian Enterprises worth $1,527,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Eqis Capital Management Inc. raised its stake in Hovnanian Enterprises by 2.6% during the 2nd quarter. Eqis Capital Management Inc. now owns 38,676 shares of the construction company’s stock worth $108,000 after buying an additional 969 shares during the period. Nationwide Fund Advisors raised its stake in Hovnanian Enterprises by 2.4% during the 1st quarter. Nationwide Fund Advisors now owns 75,273 shares of the construction company’s stock worth $171,000 after buying an additional 1,730 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Hovnanian Enterprises by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 484,512 shares of the construction company’s stock worth $1,357,000 after buying an additional 2,432 shares during the period. American International Group Inc. raised its stake in Hovnanian Enterprises by 7.1% during the 1st quarter. American International Group Inc. now owns 75,060 shares of the construction company’s stock worth $170,000 after buying an additional 4,972 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its stake in Hovnanian Enterprises by 12.0% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 89,415 shares of the construction company’s stock worth $203,000 after buying an additional 9,560 shares during the period. 30.99% of the stock is currently owned by institutional investors and hedge funds.

Hovnanian Enterprises Inc (NYSE HOV) opened at 2.29 on Thursday. The company’s 50-day moving average price is $1.94 and its 200-day moving average price is $2.24. Hovnanian Enterprises Inc has a 1-year low of $1.52 and a 1-year high of $2.98. The firm’s market capitalization is $337.99 million.

Hovnanian Enterprises (NYSE:HOV) last posted its quarterly earnings data on Thursday, September 7th. The construction company reported ($2.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($2.27). The firm 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 firm’s revenue for the quarter was down 17.4% on a year-over-year basis. Equities research analysts expect that Hovnanian Enterprises Inc will post ($0.05) earnings per share for the current fiscal year.

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HOV has been the topic of a number of research reports. TheStreet downgraded Hovnanian Enterprises from a “c-” rating to a “d” rating in a research note on Thursday, September 7th. BidaskClub downgraded Hovnanian Enterprises from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, MKM Partners reaffirmed a “neutral” rating on shares of Hovnanian Enterprises in a research note on Tuesday, September 5th.

Hovnanian Enterprises Company 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.

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

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