Hovnanian Enterprises, Inc. (HOV) Reaches $2.88 After 3.00% Down Move; Advent Claymore Convertible Securities & Income Fund (AVK) Has 0.59 Sentiment

January 14, 2018 - By Marie Mckinney

The stock decreased 0.43% or $0.07 during the last trading session, reaching $16.28. About 85,864 shares traded or 12.75% up from the average. Advent Claymore Convertible Securities and Income Fund (AVK) has risen 17.65% since January 14, 2017 and is uptrending. It has outperformed by 0.95% the S&P500.

The stock of Hovnanian Enterprises, Inc. (NYSE:HOV) is a huge mover today! The stock decreased 4.00% or $0.12 during the last trading session, reaching $2.88. About 3.05M shares traded or 56.25% up from the average. Hovnanian Enterprises, Inc. (NYSE:HOV) has risen 51.90% since January 14, 2017 and is uptrending. It has outperformed by 35.20% the S&P500.The move comes after 8 months negative chart setup for the $417.49 million company. It was reported on Jan, 14 by Barchart.com. We have $2.79 PT which if reached, will make NYSE:HOV worth $12.52M less.

Windsor Capital Management Llc holds 2.14% of its portfolio in Advent Claymore Convertible Securities and Income Fund for 262,190 shares. Saba Capital Management L.P. owns 1.07 million shares or 1.76% of their US portfolio. Moreover, Arete Wealth Advisors Llc has 1.1% invested in the company for 169,850 shares. The Illinois-based Koshinski Asset Management Inc. has invested 0.71% in the stock. Rivernorth Capital Management Llc, a Illinois-based fund reported 490,383 shares.

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.02, from 1 in 2017Q2. It worsened, as 9 investors sold Hovnanian Enterprises, Inc. shares while 33 reduced holdings. 18 funds opened positions while 23 raised stakes. 46.83 million shares or 4.40% more from 44.86 million shares in 2017Q2 were reported. State Street Corp invested in 2.26 million shares. Ontario Teachers Pension Plan Board accumulated 274,498 shares. Cornerstone Capital Management Holdg Ltd accumulated 0.02% or 1.18M shares. Nationwide Fund owns 0% invested in Hovnanian Enterprises, Inc. (NYSE:HOV) for 70,096 shares. Federated Invsts Incorporated Pa reported 0% stake. Royal Bancorporation Of Canada holds 0% or 17,582 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt Corp stated it has 0% of its portfolio in Hovnanian Enterprises, Inc. (NYSE:HOV). Brandes Investment Partners Lp invested 0% in Hovnanian Enterprises, Inc. (NYSE:HOV). Manufacturers Life Ins Company The holds 104,079 shares. Group One Trading Ltd Partnership invested in 0% or 109,148 shares. 26,292 are owned by Two Sigma Secs Ltd Com. 88,077 were reported by Parametric Port Assocs Ltd Liability Corp. Sei Invs has invested 0% in Hovnanian Enterprises, Inc. (NYSE:HOV). Spark Investment Lc has 0.04% invested in Hovnanian Enterprises, Inc. (NYSE:HOV). Pnc Financial Services Group Inc reported 0% of its portfolio in Hovnanian Enterprises, Inc. (NYSE:HOV).

Among 2 analysts covering Hovnanian (NYSE:HOV), 0 have Buy rating, 2 Sell and 0 Hold. Therefore 0 are positive. Hovnanian had 4 analyst reports since September 10, 2015 according to SRatingsIntel. On Friday, June 3 the stock rating was maintained by M Partners with “Neutral”. M Partners downgraded the stock to “Sell” rating in Friday, December 22 report. JMP Securities downgraded the shares of HOV in report on Thursday, January 12 to “Mkt Underperform” rating. The firm has “Neutral” rating by M Partners given on Thursday, September 10.

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