Snow Capital Management Lp reports that it decreased its stake in Pultegroup stock by 191,127 shares in its quarterly SEC filing. Its investment was valued at $51,187,000 an increase of $556,000 as of the end of the quarter.
Here are some institutional investors who have increased or decreased their stake in (PHM). Raymond James & Associates augmented its holdings by buying 76,894 shares an increase of 43.1%. Raymond James & Associates claims 255,189 shares worth $6,974,000. The value of the position overall is up by 59.4%. As of the end of the quarter Basswood Capital Management, L.l.c. had disposed of a total of 46,453 shares trimming its holdings by 15.6%. The value of the investment in PHM decreased from $7,326,000 to $6,893,000 a change of $433,000 quarter over quarter.
As of quarter end Tredje Ap-fonden had sold 5,880 shares trimming its position 10.2%. The value of the total investment in Pultegroup went from $1,422,000 to $1,421,000 decreasing 0.1% since the last quarter.
November 1 investment analysts at KeyCorp reiterated a “Hold” rating on the stock. Equity analyst Barclays PLC released research on PHM and giving a rating of “Hold” and a price target of $26.00.
On October 25 FBR & Co kept the company rating at “Buy” projecting a price of $31.00. On October 25 analysts at Bank of America Corporation released a research note on PHM stating a rating of “Buy” and projecting a price target of $34.00.
Equity analyst Royal Bank Of Canada raised the price target of the stock on October 25 boosting the projection from $28.00 to $33.00 and issued a “Outperform” recommendation. Credit Suisse Group updated its forecast on PHM with a rating of “Buy” and price target of $35.00.
The company is now down by 0.28% since yesterday’s close of 31.77. Pultegroup’s P/E ratio is 15.57 and the market cap is 9.31B. As of the last earnings report the EPS was $2.04 with 293.97M shares currently outstanding.
Traders are more bullish on shares of the company of late if you consider the fall in short interest. The stock recorded a fall in short interest of -6.97% between September 29, 2017 and October 13, 2017. Short shares fell 1,197,789 over that period. The days to cover increased to 5.0 and the percentage of shorted shares was 0.05% on October 13.