Hovnanian Enterprises, Inc. (HOV) Reaches $2.02 After 3.00% Up Move; Keybank National Association Lowered Its Autozone (AZO) Stake

April 17, 2018 - By Pete Kolinski

AutoZone, Inc. (NYSE:AZO) Logo

The stock of Hovnanian Enterprises, Inc. (NYSE:HOV) is a huge mover today! The stock increased 4.66% or $0.09 during the last trading session, reaching $2.02. About 1.11M shares traded. Hovnanian Enterprises, Inc. (NYSE:HOV) has declined 15.56% since April 17, 2017 and is downtrending. It has underperformed by 27.11% the S&P500.The move comes after 5 months positive chart setup for the $267.94 million company. It was reported on Apr, 17 by Barchart.com. We have $2.08 PT which if reached, will make NYSE:HOV worth $8.04 million more.

Keybank National Association decreased Autozone Inc (AZO) stake by 58.38% reported in 2017Q4 SEC filing. Keybank National Association sold 491 shares as Autozone Inc (AZO)’s stock declined 10.64%. The Keybank National Association holds 350 shares with $249,000 value, down from 841 last quarter. Autozone Inc now has $16.28B valuation. The stock increased 0.15% or $0.89 during the last trading session, reaching $605.25. About 163,932 shares traded. AutoZone, Inc. (NYSE:AZO) has declined 11.15% since April 17, 2017 and is downtrending. It has underperformed by 22.70% the S&P500.

Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. The company has market cap of $267.94 million. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes. It currently has negative earnings. The firm markets its build homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters in 167 communities in 33 markets.

Investors sentiment increased to 1.44 in 2017 Q4. Its up 0.46, from 0.98 in 2017Q3. It improved, as 13 investors sold Hovnanian Enterprises, Inc. shares while 28 reduced holdings. 27 funds opened positions while 32 raised stakes. 60.69 million shares or 29.60% more from 46.83 million shares in 2017Q3 were reported. Group One Trading Lp, a Illinois-based fund reported 146,423 shares. Gabelli Funds Llc holds 0.01% or 720,000 shares. Susquehanna Gru Llp invested in 0% or 340,237 shares. Bnp Paribas Arbitrage Sa reported 33,200 shares. 2.38M are held by Anchorage Capital Group Inc Limited Liability. Walleye Trading Ltd Liability Company holds 48,864 shares. Magnetar Ltd Llc accumulated 48,528 shares or 0% of the stock. Financial Bank Of Ny Mellon holds 556,185 shares or 0% of its portfolio. State Bank Of America De has 842,679 shares. Pnc Fincl Services Group reported 1,500 shares. Goldman Sachs Grp Inc invested in 415,066 shares. Citadel Advsr Ltd Llc accumulated 338,078 shares. Bridgeway Mngmt accumulated 11,800 shares. Dimensional Fund Lp reported 1.38 million shares or 0% of all its holdings. 274,498 are held by Ontario Teachers Pension Plan Board.

Among 2 analysts covering Hovnanian (NYSE:HOV), 0 have Buy rating, 2 Sell and 0 Hold. Therefore 0 are positive. Hovnanian has $2.25 highest and $1.75 lowest target. $1.75’s average target is -13.37% below currents $2.02 stock price. Hovnanian had 4 analyst reports since September 10, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Friday, December 22 by M Partners. The stock of Hovnanian Enterprises, Inc. (NYSE:HOV) earned “Neutral” rating by M Partners on Friday, June 3. The rating was downgraded by JMP Securities on Thursday, January 12 to “Mkt Underperform”. M Partners maintained the stock with “Neutral” rating in Thursday, September 10 report.

Among 24 analysts covering Autozone Inc. (NYSE:AZO), 13 have Buy rating, 0 Sell and 11 Hold. Therefore 54% are positive. Autozone Inc. had 77 analyst reports since August 24, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Buy” on Wednesday, September 20. The stock of AutoZone, Inc. (NYSE:AZO) earned “Hold” rating by Jefferies on Tuesday, September 19. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, September 23. The rating was maintained by UBS on Wednesday, December 6 with “Buy”. The stock of AutoZone, Inc. (NYSE:AZO) earned “Hold” rating by Robert W. Baird on Thursday, October 26. The rating was maintained by UBS on Wednesday, November 29 with “Buy”. Credit Suisse maintained the stock with “Buy” rating in Wednesday, November 1 report. The firm has “Equal-Weight” rating given on Wednesday, May 24 by Stephens. Bank of America maintained the shares of AZO in report on Tuesday, September 5 with “Buy” rating. The stock has “Hold” rating by Stephens on Wednesday, February 28.

Investors sentiment decreased to 0.85 in Q4 2017. Its down 0.20, from 1.05 in 2017Q3. It dived, as 37 investors sold AZO shares while 200 reduced holdings. 86 funds opened positions while 116 raised stakes. 25.09 million shares or 5.64% less from 26.58 million shares in 2017Q3 were reported. Cornerstone Advisors owns 20 shares. Burney Communication has 0.9% invested in AutoZone, Inc. (NYSE:AZO) for 22,316 shares. Advisor Prns Limited Liability Co owns 1,184 shares or 0.17% of their US portfolio. Petrus Lta reported 4.79% stake. Pub Sector Pension Investment Board owns 3,030 shares. Marshfield Associate reported 5.95% in AutoZone, Inc. (NYSE:AZO). M&T Bank Corporation holds 0.01% in AutoZone, Inc. (NYSE:AZO) or 2,269 shares. Natl Bank Of Nova Scotia reported 0.01% stake. Salem Investment Counselors Inc reported 0.01% stake. Pnc Fincl Services Gp Inc accumulated 9,586 shares. Nelson Van Denburg And Campbell Wealth Mngmt Gp Ltd Company has invested 0% in AutoZone, Inc. (NYSE:AZO). Missouri-based Bkd Wealth Limited Liability Corporation has invested 0.03% in AutoZone, Inc. (NYSE:AZO). Old Mutual Customised Solutions (Proprietary) Limited holds 300 shares. Moreover, Robeco Institutional Asset Bv has 0% invested in AutoZone, Inc. (NYSE:AZO). Morgan Stanley holds 0% or 24,101 shares.

Since January 3, 2018, it had 0 insider buys, and 5 insider sales for $12.65 million activity. Daniele Philip B. had sold 740 shares worth $577,472 on Friday, January 12. $7.82 million worth of AutoZone, Inc. (NYSE:AZO) was sold by Graves William W. Smith Richard Craig sold 2,700 shares worth $2.05 million. Griffith James C. sold $1.21M worth of AutoZone, Inc. (NYSE:AZO) on Tuesday, January 16.

Keybank National Association increased Ishares Tr (IWF) stake by 17,949 shares to 631,952 valued at $85.11 million in 2017Q4. It also upped Chemours Co stake by 20,999 shares and now owns 25,655 shares. Validus Holdings Ltd (NYSE:VR) was raised too.

AutoZone, Inc. (NYSE:AZO) Institutional Positions Chart

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