Cubist Systematic Strategies LLC Sells 54,479 Shares of PulteGroup, Inc. (PHM)

Cubist Systematic Strategies LLC cut its position in PulteGroup, Inc. (NYSE:PHM) by 73.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,467 shares of the construction company’s stock after selling 54,479 shares during the period. Cubist Systematic Strategies LLC’s holdings in PulteGroup were worth $532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Bank & Trust Co lifted its holdings in shares of PulteGroup by 424.5% in the 3rd quarter. Capital Bank & Trust Co now owns 120,859 shares of the construction company’s stock worth $3,303,000 after acquiring an additional 97,818 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of PulteGroup by 747.1% in the 3rd quarter. Janus Henderson Group PLC now owns 1,323,075 shares of the construction company’s stock worth $36,159,000 after acquiring an additional 1,166,885 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of PulteGroup by 2,015.5% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 1,046,201 shares of the construction company’s stock worth $28,591,000 after acquiring an additional 996,747 shares during the last quarter. AMP Capital Investors Ltd lifted its holdings in shares of PulteGroup by 27.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 251,369 shares of the construction company’s stock worth $6,871,000 after acquiring an additional 54,723 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in PulteGroup by 15.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 19,900 shares of the construction company’s stock worth $546,000 after buying an additional 2,600 shares during the period. 84.53% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently commented on PHM. Zacks Investment Research raised shares of PulteGroup from a “sell” rating to a “hold” rating and set a $40.00 price target on the stock in a research note on Thursday, January 4th. Wedbush raised their target price on shares of PulteGroup from $27.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 29th. B. Riley downgraded shares of PulteGroup from a “buy” rating to a “neutral” rating and raised their target price for the company from $31.00 to $36.00 in a research report on Wednesday, January 3rd. ValuEngine raised shares of PulteGroup from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Buckingham Research cut shares of PulteGroup from a “buy” rating to a “neutral” rating and raised their price target for the company from $31.00 to $33.00 in a report on Sunday, November 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. PulteGroup presently has a consensus rating of “Hold” and a consensus target price of $31.92.

Shares of PulteGroup, Inc. (NYSE:PHM) opened at $34.52 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.25 and a current ratio of 0.25. PulteGroup, Inc. has a 12 month low of $18.54 and a 12 month high of $35.01. The company has a market cap of $10,150.00, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, October 24th. The construction company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.30 billion. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. equities research analysts predict that PulteGroup, Inc. will post 2.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 12th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Monday, December 11th. PulteGroup’s dividend payout ratio (DPR) is 17.65%.

In related news, CFO Robert Oshaughnessy sold 92,800 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $33.89, for a total value of $3,144,992.00. Following the completion of the sale, the chief financial officer now owns 363,722 shares of the company’s stock, valued at approximately $12,326,538.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James R. Ellinghausen sold 67,490 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $32.35, for a total transaction of $2,183,301.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 297,202 shares of company stock valued at $9,394,580. Insiders own 0.71% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Cubist Systematic Strategies LLC Sells 54,479 Shares of PulteGroup, Inc. (PHM)” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/01/12/pultegroup-inc-phm-holdings-lessened-by-cubist-systematic-strategies-llc-3.html.

PulteGroup Company Profile

PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.

Institutional Ownership by Quarter for PulteGroup (NYSE:PHM)

Receive News & Ratings for PulteGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply