Company shares last traded at $2.27 which is well above the 50 day moving average which is $1.98 and which is slightly above the 200 day moving average of $2.25. The 50 day moving average went up $0.29 or +14.48% and the 200 day average was up $0.02. Trading was light with 1,185K shares changing hands in the last trading session. Volume was down 27.57% under the stocks average daily volume.
Short traders are more bullish on Hovnanian Enterprises, Inc. Cla of late if you put credence in the decrease in short interest. The company had a fall in short interest of -7.59% as of September 29, 2017 from the last reporting period. Short interest decreased from 8,281,029 to 7,652,266 over that timeframe. Days to cover increased 3.0 to 7.0 and the short interest percentage is 0.05% as of September 29.
A few notable investment firms have updated their holdings. As of quarter end Creative Planning had sold 3,200 shares trimming its position 7.6%. The value in dollars decreased from $117,000 to $75,000 decreasing 35.9% quarter to quarter. Meeder Asset Management Inc expanded its stake by buying 107 shares an increase of 2.3% from 06/30/2017 to 09/30/2017. Meeder Asset Management Inc owns 4,690 shares worth $9,000. The total value of its holdings decreased 30.8%.
Dudley & Shanley, LLC divested its holdings by shedding 170,000 shares a decrease of 7.6% in the quarter. Dudley & Shanley, LLC now controls 2,059,700 shares valued at $3,975,000. The value of the position overall is down by 36.3%. As of the end of the quarter Wealthtrust-arizona, LLC had acquired a total of 1,000 shares growing its stake by 11.1%. The value of the investment in (HOV) went from $25,000 to $19,000 a change of $6,000 quarter over quarter.
In the latest earnings report the EPS was $-2.18 and is expected to be $-0.05 for the current year with 147,592,000 shares outstanding. Analysts expect next quarter’s EPS will be $-0.04 with next year’s EPS anticipated to be $-0.01.
Hovnanian Enterprises, Inc., launched on June 27, 1983, 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. Its homebuilding operations consist of six segments: Northeast: New Jersey and Pennsylvania; Mid-Atlantic: Delaware, Maryland, Virginia, Washington, District of Columbia, and West Virginia; Midwest: Illinois and Ohio; Southeast: Florida, Georgia and South Carolina; Southwest: Arizona and Texas, and West: California. Its financial services operations provide mortgage loans and title services to the customers of its homebuilding operations. As of October 31, 2016, the Company offered homes for sale in 167 communities in 33 markets in 14 states throughout the United States..