Just How Negative is BTIG Following Their Downgrade of PulteGroup (PHM)?

July 27, 2018 - By Richard Slagle

PulteGroup, Inc. (NYSE:PHM) Logo

Investors sentiment decreased to 0.73 in Q1 2018. Its down 0.28, from 1.01 in 2017Q4. It is negative, as 48 investors sold PulteGroup, Inc. shares while 193 reduced holdings. 48 funds opened positions while 127 raised stakes. 234.12 million shares or 1.16% less from 236.87 million shares in 2017Q4 were reported.

Neuberger Berman Grp Ltd stated it has 568,759 shares. Moors Cabot Incorporated, a Massachusetts-based fund reported 9,371 shares. Regions holds 355,405 shares or 0.12% of its portfolio. Axa reported 0.01% stake. Illinois-based Old Second Bankshares Of Aurora has invested 1.12% in PulteGroup, Inc. (NYSE:PHM). Virtu Lc reported 7,484 shares stake. Sumitomo Mitsui Asset has 19,887 shares. Todd Asset Ltd Liability Corp holds 1.26% in PulteGroup, Inc. (NYSE:PHM) or 1.55 million shares. Guardian Life Ins Of America accumulated 0% or 630 shares. Parkside Fincl Bank reported 93 shares. Sun Life Fin holds 36 shares. Voya Invest Mngmt Limited Liability Com reported 0.01% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Tower Ltd (Trc) invested 0.01% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Trustmark State Bank Trust Department reported 26,244 shares or 0.08% of all its holdings. Nomura reported 1.34 million shares.

Since February 21, 2018, it had 1 insider buy, and 4 selling transactions for $2.25 million activity. SMITH HARMON D sold 1,045 shares worth $32,732. On Wednesday, February 21 OLEARY PATRICK J sold $260,607 worth of PulteGroup, Inc. (NYSE:PHM) or 8,677 shares. The insider GRISE CHERYL W sold $430,384.

PulteGroup (PHM) Receives a Downgrade

Analysts at BTIG’s equities division downgraded the rating for shares of PulteGroup (PHM) from a Neutral to a Sell on Friday, 27 July.

It closed at $28.98 lastly. It is up 33.11% since July 27, 2017 and is uptrending. It has outperformed by 20.54% the S&P500.

PulteGroup, Inc., through its subsidiaries, engages primarily in the homebuilding business in the United States. The company has market cap of $8.28 billion. The firm is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. It has a 16.63 P/E ratio. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods names.

More news for PulteGroup, Inc. (NYSE:PHM) were recently published by: Seekingalpha.com, which released: “PulteGroup (PHM) Q2 2018 Results – Earnings Call Transcript” on July 26, 2018. Seekingalpha.com‘s article titled: “PulteGroup, Inc. 2018 Q2 – Results – Earnings Call Slides” and published on July 26, 2018 is yet another important article.

PulteGroup, Inc. (NYSE:PHM) Institutional Positions Chart

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