1.55 0.00 (0.00%)
After hours: 4:29PM EDT
|Bid||1.54 x 21500|
|Ask||1.61 x 36900|
|Day's Range||1.55 - 1.61|
|52 Week Range||1.51 - 3.41|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 5, 2018 - Sep 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.52|
If you’re looking to buy a home, you already know there isn’t a lot out there. Inventory is hovering around record lows. But there are some bright spots. Trulia is out with a list of cities that have seen significant growth in inventory. Nashville and Salt Lake City topped the list. Yahoo Finance's Seana Smith, Dion Rabouin, Dan Roberts, and Ethan Wolff-Mann discuss.
Stocks of major home construction companies fell on Wednesday, beleaguered by a slump in U.S. equity trading and a decline in homebuilder sentiment.
Moody's Investors Service affirmed Hovnanian Enterprises, Inc.'s ("Hovnanian") Caa1 Corporate Family Rating, B2 rating on its first lien senior secured debt, Caa2 rating on its secured debt, Caa3 rating on its senior unsecured debt, and SGL-3 speculative grade liquidity rating. Hovnanian's Probability of Default Rating was upgraded to Caa1-PD from Ca-PD.
NEW YORK, Aug. 08, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Casella ...
Would you be interested in a stock-market adviser who recommended Apple in 2002 at a split-adjusted price of $1.14? Meanwhile, the comparable total return of the S&P 500 (AMC) is 9.6% annualized. The veteran adviser is George Putnam, editor of “The Turnaround Letter” investment advisory service.
George Putnam, editor of investment advisory service The Turnaround Letter, recommends buying beaten-down stocks that shared a handful of attributes he views as positioning them up for a comeback, as outlined in a MarketWatch report. Putnam's service has outperformed the stock market over the recent decades.
Stock Research Monitor: HOV, CVA, and SRCL LONDON, UK / ACCESSWIRE / July 20, 2018/ If you want a free Stock Review on KBH sign up now at www.wallstequities.com/registration . On Thursday, July 19, 2018, ...
From July 14th through July 29th, buyers can take advantage of amazing opportunities at participating K. Hovnanian® communities located in 48 markets across 14 states. Exact offers will vary by region, with select communities creating their own unique packages specifically designed for this two week event. The National Sales Event comes more than a decade after K. Hovnanian® Homes hosted its first and only national event which grossed more than 2,100 sales in a three-day period. “This is not a common promotional program for our company,” said Ara Hovnanian, Chairman, President & CEO.
Persuading a company to default on debt to cash in on contracts insuring against that very prospect is an abuse that will damage the reputation of the market, according to the head of the U.K.’s financial watchdog. The instruments have come under scrutiny after a unit of Blackstone Group LP bought protection on the debt of ailing U.S. homebuilder Hovnanian Enterprises Inc. and offered it cheap refinancing in return for agreeing to default on a bond. “This is a practice that’s the wrong side of the line,” Financial Conduct Authority Chief Executive Officer Andrew Bailey said in an interview, without referring to Blackstone.
People are worried about stock buybacks. You don’t need a big corporation with a chief executive officer and layers of middle management and a human-resources department and stock options and a permanent headquarters to centrally plan and coordinate projects. People who want a project to happen can form an ad hoc team to do the project, and raise money from people who want it done, and do it, and receive the rewards, and move on to the next thing.
When Blackstone Group LP made a bet that shook confidence in the credit derivatives market, U.S. regulators waged an unusual campaign to pressure the investment firm to back down. The Commodity Futures Trading Commission took an interest last year when Blackstone’s GSO Capital Partners LP disclosed it had taken out insurance on bonds issued by Hovnanian Enterprises Inc., wagering the home builder would default on its debts. Blackstone offered Hovnanian a low-cost loan and persuaded the builder to miss a small interest payment in exchange, which would trigger payouts on $333 million in Blackstone’s credit-insurance contracts and yield the firm tens of millions of dollars, depending on market factors.
Hovnanian Enterprises Inc’s (NYSE:HOV): Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. With the latest financial year loss of -US$332.19m and a trailing-twelve monthRead More...
The corporate police.We have talked a few times recently about what it means to control a corporation. There are many theories: “Shareholder primacy” views shareholders as the owners of the corporation and directors and officers as their agents; “board primacy” views directors as the stewards of the corporation as an entity; modern “founder friendly” theories treat many corporations as the creation of entrepreneurs who can do what they like.
Hovnanian Enterprises, Inc. (HOV), a leading national homebuilder, announced today that Bonnie Stone Sellers has been appointed to its Board of Directors effective immediately. The addition of Ms. Sellers expands Hovnanian’s Board of Directors to eight members, six of whom are independent directors. Ms. Sellers, who brings considerable expertise and over 35 years of global real estate experience, will also serve on the Board of Director’s Audit Committee and Corporate Governance and Nominating Committee.
The dust is settling from a nasty hedge fund battle over credit-default swaps, enough that observers can now figure out who eked out a profit. The background: GSO Capital Partners, the credit hedge fund within Blackstone Group (BX), bought CDS tied to the debt of home builder Hovnanian Enterprises (HOV). The price of the cheapest outstanding bond set the price for the CDS, which GSO controlled by building supercheap debt. Solus Alternative Asset Management held the opposite position in CDS, and so would have had to pay up, should the CDS be triggered.
On Friday, June 15, 2018, the NASDAQ Composite, the Dow Jones Industrial Average, and the S&P 500 edged lower at the closing bell. Taking into consideration Friday’s market sentiment, WallStEquities.com assessed the following Residential Construction equities this morning: Beazer Homes USA Inc. (NYSE: BZH), D.R. Horton Inc. (NYSE: DHI), Hovnanian Enterprises Inc. (NYSE: HOV), and KB Home (NYSE: KBH). On Friday, shares in Atlanta, Georgia headquartered Beazer Homes USA Inc. recorded a trading volume of 333,164 shares.
One weird thing about the U.S. financial system—and most modern financial systems—is that it is basically impossible to hold cash electronically. You can put your dollars in a bank account, but the bank could go bust.
LONDON, UK / ACCESSWIRE / June 11, 2018 / If you want access to our free research report on AV Homes, Inc. (NASDAQ: AVHI), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AVHI as the Company's latest news hit the wire. On June 07, 2018, Taylor Morrison Home Corp. (NYSE:TMHC) declared that it has inked a deal to acquire all of the outstanding shares of AV Homes' common stock at $21.50 per share in a cash and stock transaction, including outstanding AV Homes debt valued at approximately $963 million. Active-Investors.com is currently working on the research report for Hovnanian Enterprises, Inc. (NYSE: HOV), which also belongs to the Healthcare sector as the Company AV Homes.
Two hedge funds made a mess in a corner of the credit market. Firms including BlueMountain Capital, Citadel, Apollo Global Management, Elliott Management, Anchorage Capital Partners, and CQS have been holed up in Manhattan conference rooms and on calls for months, trying to fix credit-default-swap contracts, people close to the situation say. Maligned in the financial crisis, CDS are drawing scrutiny again.
The Red Bank, New Jersey-based company said it had a loss of 7 cents per share. The homebuilder posted revenue of $502.5 million in the period. The company's shares closed at $2.01. A year ago, they were ...
Increases in Gross Margin Percentage, Contracts per Community and Lots Controlled Lower Community Count Continues to Challenge Results Solus Litigation Dismissed and Concluded Favorably for Hovnanian Company ...
NEW YORK, June 07, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Gridsum ...