|Bid||25.75 x 1300|
|Ask||0.00 x 800|
|Day's Range||27.04 - 28.48|
|52 Week Range||5.15 - 30.35|
|Beta (5Y Monthly)||1.81|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the third quarter. We get to see hedge funds' thoughts towards the market and […]
Shares of Hovnanian Enterprises Inc. rallied 5.7% in morning trading Thursday, after the home builder reported a 16% jump in revenue for its fiscal fourth quarter and a 17% increase in home deliveries. The company swung to a net loss of $1.8 million,or 30 cents a share, for the quarter to Oct. 31 from a profit of $46.2 million, or $7.34 a share, in the same period a year ago. Excluding losses from the early extinguishment of debt, joint venture writedowns and land-related charges, the company recorded net income of $44.5 million. Total revenue rose to $713.6 million from $614.8 million and deliveries increased to 1,709 homes from 1,465 homes. The contract cancellation rate for consolidated contracts fell to 21% from 23% while gross margin percentage after cost of sales interest expense and land charges fell to 14.5% from 16.5%. Total liquidity as of Oct. 31 was $275.9 million, above the $245 million upper-end of its target range. The stock, which hit a record low in August, has now rocketed 115% over the past three months, while the SPDR S&P Homebuilders ETF has gained 7.8% and the S&P 500 has advanced 4.5%.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Hovnanian Enterprises, Inc. New York, November 15, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Hovnanian Enterprises, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's assessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers, which was followed by a rating committee.
Rating Action: Moody's downgrades Hovnanian's CFR, recognizes distressed exchanges. Global Credit Research- 12 Nov 2019. Over $1 billion of debt securities affected.
If you want to know who really controls Hovnanian Enterprises, Inc. (NYSE:HOV), then you'll have to look at the makeup...
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