Hovnanian K Enterprises (HOV) Holder New Generation Advisors Has Cut Position; As Yy (YY) Stock Rose, Horseman Capital Management LTD Has Lifted Holding

February 20, 2018 - By Vivian Park

New Generation Advisors Llc decreased its stake in Hovnanian K Enterprises Inc (HOV) by 40.54% based on its latest 2017Q3 regulatory filing with the SEC. New Generation Advisors Llc sold 340,848 shares as the company’s stock rose 4.35% with the market. The hedge fund held 500,000 shares of the homebuilding company at the end of 2017Q3, valued at $965,000, down from 840,848 at the end of the previous reported quarter. New Generation Advisors Llc who had been investing in Hovnanian K Enterprises Inc for a number of months, seems to be less bullish one the $308.93 million market cap company. The stock increased 3.97% or $0.089 during the last trading session, reaching $2.329. About 4.47M shares traded or 83.38% up from the average. Hovnanian Enterprises, Inc. (NYSE:HOV) has risen 51.90% since February 20, 2017 and is uptrending. It has outperformed by 35.20% the S&P500.

John Horseman increased its stake in Yy Inc (YY) by 46.52% based on its latest 2017Q3 regulatory filing with the SEC. Horseman Capital Management Ltd bought 32,800 shares as the company’s stock rose 11.20% with the market. The hedge fund run by John Horseman held 103,300 shares of the edp services company at the end of 2017Q3, valued at $8.96M, up from 70,500 at the end of the previous reported quarter. Horseman Capital Management Ltd who had been investing in Yy Inc for a number of months, seems to be bullish on the $8.21 billion market cap company. The stock increased 1.01% or $1.3 during the last trading session, reaching $130.23. About 900,462 shares traded. YY Inc. (NASDAQ:YY) has risen 20.20% since February 20, 2017 and is uptrending. It has outperformed by 3.50% the S&P500.

Among 10 analysts covering YY Inc (NASDAQ:YY), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. YY Inc had 20 analyst reports since August 17, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, January 18 by Instinet. HSBC initiated the stock with “Buy” rating in Monday, October 31 report. The company was downgraded on Monday, August 17 by Pacific Crest. As per Friday, August 14, the company rating was maintained by Piper Jaffray. Jefferies maintained the stock with “Hold” rating in Tuesday, October 3 report. The firm has “Buy” rating by J.P. Morgan given on Thursday, November 16. The firm has “Overweight” rating given on Wednesday, August 31 by JP Morgan. Bank of America initiated it with “Buy” rating and $60 target in Monday, November 28 report. Nomura upgraded the stock to “Buy” rating in Wednesday, January 17 report. The rating was maintained by Jefferies with “Buy” on Tuesday, January 23.

Horseman Capital Management Ltd, which manages about $449.90 million US Long portfolio, decreased its stake in Makemytrip Limited Mauritius (NASDAQ:MMYT) by 282,300 shares to 255,400 shares, valued at $7.34 million in 2017Q3, according to the filing. It also reduced its holding in Coach Inc (NYSE:COH) by 34,600 shares in the quarter, leaving it with 41,100 shares, and cut its stake in Vale Sa (NYSE:VALE).

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.02, from 1 in 2017Q2. It dropped, as 9 investors sold HOV 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 Common Retirement Fund holds 0% or 108,800 shares in its portfolio. Cornerstone Capital Ltd Liability reported 1.18M shares. Bnp Paribas Arbitrage holds 11,937 shares or 0% of its portfolio. Metropolitan Life Co has invested 0% in Hovnanian Enterprises, Inc. (NYSE:HOV). Invesco Ltd invested in 469,169 shares or 0% of the stock. Virtu Financial Ltd Limited Liability Company reported 0% of its portfolio in Hovnanian Enterprises, Inc. (NYSE:HOV). Lucas Capital invested 0.36% of its portfolio in Hovnanian Enterprises, Inc. (NYSE:HOV). Raymond James Fin Advsr Inc holds 0% or 11,537 shares in its portfolio. Benjamin F Edwards And invested 0% in Hovnanian Enterprises, Inc. (NYSE:HOV). Private Advisor Grp Limited has invested 0% in Hovnanian Enterprises, Inc. (NYSE:HOV). Balyasny Asset Llc reported 53,996 shares. Bridgeway Capital Inc accumulated 193,500 shares. Gagnon invested 0.11% in Hovnanian Enterprises, Inc. (NYSE:HOV). Schwab Charles Invest Mgmt Inc invested 0% in Hovnanian Enterprises, Inc. (NYSE:HOV). Citadel Ltd Liability Corp holds 643,358 shares or 0% of its portfolio.

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. M Partners downgraded Hovnanian Enterprises, Inc. (NYSE:HOV) on Friday, December 22 to “Sell” rating. JMP Securities downgraded the shares of HOV in report on Thursday, January 12 to “Mkt Underperform” rating. As per Friday, June 3, the company rating was maintained by M Partners. As per Thursday, September 10, the company rating was maintained by M Partners.

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