Penserra Capital Management LLC boosted its position in shares of PulteGroup, Inc. (NYSE:PHM) by 25.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,980 shares of the construction company’s stock after acquiring an additional 596 shares during the period. Penserra Capital Management LLC’s holdings in PulteGroup were worth $108,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of PHM. Marshall Wace LLP acquired a new position in shares of PulteGroup during the first quarter worth $111,000. Artemis Investment Management LLP purchased a new position in PulteGroup during the 2nd quarter worth $24,836,000. Rothschild & Co. Asset Management US Inc. acquired a new position in PulteGroup during the 2nd quarter valued at about $10,168,000. Atlas Capital Advisors LLC increased its position in PulteGroup by 349.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 7,589 shares of the construction company’s stock valued at $240,000 after buying an additional 5,902 shares in the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new position in PulteGroup during the 2nd quarter valued at about $5,983,000. 86.08% of the stock is owned by institutional investors.

Shares of PHM opened at $39.14 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a 50-day moving average of $39.04 and a two-hundred day moving average of $34.65. The stock has a market cap of $10.75 billion, a P/E ratio of 10.90, a P/E/G ratio of 1.39 and a beta of 0.61. PulteGroup, Inc. has a one year low of $24.45 and a one year high of $41.22.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. PulteGroup had a return on equity of 20.02% and a net margin of 9.01%. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same period in the prior year, the company earned $1.01 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. Analysts predict that PulteGroup, Inc. will post 3.54 EPS for the current fiscal year.

In related news, SVP James L. Ossowski sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $39.95, for a total value of $399,500.00. Following the sale, the senior vice president now owns 25,750 shares in the company, valued at $1,028,712.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.49% of the company’s stock.

Several brokerages have weighed in on PHM. Royal Bank of Canada set a $33.00 price target on PulteGroup and gave the stock a “hold” rating in a report on Monday, August 26th. Zacks Investment Research upgraded shares of PulteGroup from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a report on Wednesday, October 23rd. Seaport Global Securities lowered shares of PulteGroup from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. ValuEngine cut shares of PulteGroup from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, SunTrust Banks initiated coverage on shares of PulteGroup in a research note on Monday, August 12th. They issued a “buy” rating and a $38.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.62.

PulteGroup Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.

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Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

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