As Pulte Group INC (PHM) Share Price Rose, Covalent Partners LLC Has Raised Position by $10.71 Million

July 18, 2017 - By Vivian Currie

Investors sentiment decreased to 0.79 in Q4 2016. Its down 0.09, from 0.88 in 2016Q3. It turned negative, 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. Gateway Investment Advisers Limited Company holds 0% or 20,559 shares in its portfolio. Horseman Cap Mgmt Ltd accumulated 4.35% or 750,000 shares. Qs Invsts Ltd Limited Liability Company owns 23,301 shares. Berkshire Asset Ltd Limited Liability Company Pa reported 0.67% stake. Louisiana State Employees Retirement has 0.02% invested in PulteGroup, Inc. (NYSE:PHM). Ftb Advisors has 0% invested in PulteGroup, Inc. (NYSE:PHM) for 680 shares. Sib Ltd holds 0.43% in PulteGroup, Inc. (NYSE:PHM) or 29,055 shares. Hl Financial Services Ltd accumulated 144,826 shares. Wilsey Asset Mgmt has 5.57% invested in PulteGroup, Inc. (NYSE:PHM). National Bank Of Montreal Can stated it has 0.01% in PulteGroup, Inc. (NYSE:PHM). Toronto Dominion Bank & Trust holds 0.1% in PulteGroup, Inc. (NYSE:PHM) or 1.85M shares. Next Fincl Group stated it has 0% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Princeton Alpha Management Limited Partnership has 0.13% invested in PulteGroup, Inc. (NYSE:PHM) for 33,271 shares. Invesco accumulated 1.35M shares. Fincl Svcs Corp, Missouri-based fund reported 59 shares.

Since January 24, 2017, it had 0 buys, and 12 selling transactions for $15.91 million activity. Ellinghausen James R also sold $587,500 worth of PulteGroup, Inc. (NYSE:PHM) shares. Shares for $1.03 million were sold by SMITH HARMON D on Monday, January 30. COOK STEVEN M sold $426,602 worth of stock or 20,000 shares. 341,222 PulteGroup, Inc. (NYSE:PHM) shares with value of $7.09M were sold by DUGAS RICHARD J JR. OSSOWSKI JAMES L sold $117,250 worth of stock. $324,520 worth of stock was sold by ANDERSON BRIAN P on Tuesday, June 6.

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 $7.69B 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 $968.54M and $269.14M US Long portfolio, decreased its stake in Citigroup Inc (NYSE:C) by 94,613 shares to 202,326 shares, valued at $12.02M 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 firm earned “Outperform” rating on Friday, January 8 by Raymond James. The firm has “Underperform” rating given on Wednesday, March 16 by Bank of America. The company was upgraded on Wednesday, January 13 by JP Morgan. As per Friday, October 23, the company rating was maintained by FBR Capital. The stock has “Buy” rating by Bank of America on Friday, January 27. Barclays Capital initiated PulteGroup, Inc. (NYSE:PHM) rating on Friday, January 6. Barclays Capital has “Overweight” rating and $21 target. The stock of PulteGroup, Inc. (NYSE:PHM) has “Mkt Perform” rating given on Friday, July 22 by FBR Capital. The firm earned “Sector Perform” rating on Monday, April 4 by KeyBanc Capital Markets. JP Morgan upgraded PulteGroup, Inc. (NYSE:PHM) on Friday, July 22 to “Overweight” rating. Wells Fargo initiated the stock with “Market Perform” rating in Thursday, September 29 report.

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