Covalent Partners LLC Has Boosted Holding in Pulte Group INC (PHM) by $10.71 Million

July 18, 2017 - By Marie Mckinney

Investors sentiment decreased to 0.79 in Q4 2016. Its down 0.09, from 0.88 in 2016Q3. It worsened, as 47 investors sold PHM shares while 154 reduced holdings. 57 funds opened positions while 102 raised stakes. 267.47 million shares or 4.04% less from 278.72 million shares in 2016Q3 were reported. Virtus Invest Advisers has 9,023 shares. Dupont Capital Mngmt stated it has 0.02% in PulteGroup, Inc. (NYSE:PHM). Wilsey Asset Inc holds 5.57% of its portfolio in PulteGroup, Inc. (NYSE:PHM) for 428,543 shares. Horseman Cap Mgmt holds 750,000 shares or 4.35% of its portfolio. Sunbelt invested in 0% or 731 shares. Gideon Capital Inc reported 0.44% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Cornerstone Cap Management reported 52,171 shares or 0.01% of all its holdings. Oregon Pub Employees Retirement Fund has invested 0.01% of its portfolio in PulteGroup, Inc. (NYSE:PHM). The Texas-based Greenbrier Prns Capital Limited Liability has invested 5.56% in PulteGroup, Inc. (NYSE:PHM). Engineers Gate Manager Lp reported 47,916 shares or 0.09% of all its holdings. Blackrock Japan Company holds 0.03% or 428,997 shares. Earnest Prns Ltd Liability Company holds 157 shares or 0% of its portfolio. Opus Gp Limited Co reported 0.05% in PulteGroup, Inc. (NYSE:PHM). California-based California Public Employees Retirement Systems has invested 0.02% in PulteGroup, Inc. (NYSE:PHM). Estabrook Capital Mgmt has 5,775 shares for 0% of their portfolio.

Since January 24, 2017, it had 0 insider buys, and 12 sales for $15.91 million activity. $1.03 million worth of PulteGroup, Inc. (NYSE:PHM) shares were sold by SMITH HARMON D. Ellinghausen James R sold $737,821 worth of PulteGroup, Inc. (NYSE:PHM) on Wednesday, February 22. $117,250 worth of PulteGroup, Inc. (NYSE:PHM) was sold by OSSOWSKI JAMES L. DUGAS RICHARD J JR had sold 165,000 shares worth $3.81M. COOK STEVEN M sold $426,602 worth of stock or 20,000 shares. Another trade for 14,000 shares valued at $324,520 was sold by ANDERSON BRIAN P.

Robert Hockett increased its stake in Pulte Group Inc (PHM) by 171.56% based on its latest 2016Q4 regulatory filing with the SEC. Covalent Partners Llc bought 595,225 shares as the company’s stock rose 8.08% with the market. The hedge fund run by Robert Hockett held 942,183 shares of the capital goods company at the end of 2016Q4, valued at $17.32M, up from 346,958 at the end of the previous reported quarter. Covalent Partners Llc who had been investing in Pulte Group Inc for a number of months, seems to be bullish on the $7.69 billion market cap company. It closed at $24.36 lastly. It is down 30.02% since July 18, 2016 and is uptrending. It has outperformed by 13.32% the S&P500.

Covalent Partners Llc, which manages about $968.54 million and $269.14 million US Long portfolio, decreased its stake in Citigroup Inc (NYSE:C) by 94,613 shares to 202,326 shares, valued at $12.02 million in 2016Q4, according to the filing.

More news for PulteGroup, Inc. (NYSE:PHM) were recently published by: Benzinga.com, which released: “DR Horton, PulteGroup Make A Solid Foundation For A Homebuilders Position” on June 27, 2017. Zacks.com‘s article titled: “Why You Should Add PulteGroup (PHM) to Your Portfolio Now” and published on July 12, 2017 is yet another important article.

PulteGroup, Inc. (NYSE:PHM) Ratings Coverage

Among 17 analysts covering PulteGroup (NYSE:PHM), 6 have Buy rating, 2 Sell and 9 Hold. Therefore 35% are positive. PulteGroup has $2800 highest and $15 lowest target. $21’s average target is -13.79% below currents $24.36 stock price. PulteGroup had 41 analyst reports since September 11, 2015 according to SRatingsIntel. The stock of PulteGroup, Inc. (NYSE:PHM) has “Market Perform” rating given on Monday, April 25 by Raymond James. The rating was upgraded by JP Morgan on Friday, September 11 to “Neutral”. On Monday, April 4 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Perform”. RBC Capital Markets maintained PulteGroup, Inc. (NYSE:PHM) on Wednesday, January 27 with “Outperform” rating. The firm has “Underperform” rating by Wedbush given on Tuesday, September 20. As per Tuesday, July 11, the company rating was downgraded by Barclays Capital. On Friday, January 6 the stock rating was initiated by Barclays Capital with “Overweight”. RBC Capital Markets maintained PulteGroup, Inc. (NYSE:PHM) rating on Thursday, July 13. RBC Capital Markets has “Buy” rating and $2800 target. Sterne Agee CRT downgraded the shares of PHM in report on Tuesday, December 22 to “Neutral” rating. The stock has “Neutral” rating by Wedbush on Thursday, July 13.

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