KB Home on Focus After Bearish Options Activity

 KB Home on Focus After Bearish Options Activity

In today’s session KB Home (KBH) recorded an unusually high (1,200) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious KBH decrease. With 1,200 contracts traded and 31794 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: KBH170421P00012000 closed last at: $0.6 or 1.6% down. About 803,907 shares traded hands. KB Home (NYSE:KBH) has risen 0.63% since March 31, 2016 and is uptrending. It has underperformed by 1.89% the S&P500.

KB Home (NYSE:KBH) Ratings Coverage

Out of 17 analysts covering KB Home (NYSE:KBH), 2 rate it a “Buy”, 4 “Sell”, while 11 “Hold”. This means 12% are positive. KB Home has been the topic of 24 analyst reports since September 4, 2015 according to StockzIntelligence Inc. The stock of KB Home (NYSE:KBH) has “Neutral” rating given on Friday, January 8 by M Partners. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, September 21. The firm has “Underweight” rating by Barclays Capital given on Thursday, March 24. The company was maintained on Friday, January 8 by FBR Capital. The rating was downgraded by Buckingham Research on Monday, July 18 to “Neutral”. TheStreet downgraded KB Home (NYSE:KBH) on Friday, October 16 to “Hold” rating. The firm earned “Market Perform” rating on Thursday, September 29 by Wells Fargo. The rating was maintained by Citigroup on Tuesday, March 29 with “Neutral”. The rating was upgraded by Morgan Stanley to “Equal-Weight” on Tuesday, October 13. The firm has “Outperform” rating given on Tuesday, September 20 by Wedbush.

According to Zacks Investment Research, “KB Home constructs and sells a variety of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. They offer homes in development communities, at urban in-fill locations and as part of mixed-use projects. Their homebuilding operations represent most of their business. Their financial services operations offer certain insurance products to their homebuyers and title services in certain markets.”

Insitutional Activity: The institutional sentiment increased to 0.89 in Q2 2016. Its up 0.05, from 0.84 in 2016Q1. The ratio is positive, as 37 funds sold all KB Home shares owned while 63 reduced positions. 19 funds bought stakes while 70 increased positions. They now own 76.83 million shares or 3.68% less from 79.76 million shares in 2016Q1.
Peak6 Invests L P has invested 0.01% of its portfolio in KB Home (NYSE:KBH). Gam Holdg Ag reported 33,000 shares or 0.01% of all its holdings. Signaturefd Ltd Liability Corporation reported 526 shares or 0% of all its holdings. Moreover, Jpmorgan Chase Co has 0% invested in KB Home (NYSE:KBH) for 767,885 shares. Hl Ltd Com has invested 0.05% of its portfolio in KB Home (NYSE:KBH). Whittier holds 0.01% or 10,761 shares in its portfolio. Invesco has 0% invested in the company for 245,451 shares. Blue Clay Capital Mngmt Ltd Liability holds 0.24% of its portfolio in KB Home (NYSE:KBH) for 13,700 shares. Moreover, Credit Suisse Ag has 0% invested in KB Home (NYSE:KBH) for 108,773 shares. Amalgamated Fincl Bank owns 10,318 shares or 0.01% of their US portfolio. Old Mutual (Uk) reported 1.44 million shares or 0.41% of all its holdings. The United Kingdom-based Barclays Public Limited Com has invested 0% in KB Home (NYSE:KBH). Victory Management has invested 0% of its portfolio in KB Home (NYSE:KBH). Goldman Sachs Gru accumulated 1.02 million shares or 0.01% of the stock. Spot Trading Ltd Liability accumulated 74 shares or 0% of the stock.

Insider Transactions: Since July 25, 2016, the stock had 0 insider purchases, and 1 sale for $8.24 million net activity. Shares for $8.24M were sold by MEZGER JEFFREY T.

KB Home is a homebuilding company in the United States. The company has a market cap of $1.19 billion. The Firm constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. It has a 12.43 P/E ratio. The Company’s divisions include the West Coast, Southwest, Central and Southeast homebuilding divisions, and financial services segment.

KBH Company Profile

KB Home, incorporated on August 31, 1981, is a homebuilding firm in the United States. The Firm constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. The Company’s divisions include the West Coast, Southwest, Central and Southeast homebuilding divisions, and financial services segment. The Company’s homebuilding divisions are engaged in the acquisition and development of land primarily for residential purposes. The financial services segment offers property and casualty insurance and, in certain instances, earthquake, flood and personal property insurance to its homebuyers in the same markets as its homebuilding divisions, and also provides title services in various markets located within its Central and Southeast homebuilding divisions. The Company’s financial services activities also provide mortgage banking services, including residential consumer mortgage loan originations, to its homebuyers indirectly through Home Community Mortgage, LLC (HCM).

More notable recent KB Home (NYSE:KBH) news were published by: Businesswire.com which released: “KB Home Appoints Rob McGibney to Regional General Manager of Arizona” on November 02, 2016, also Wsj.com with their article: “KB Home to Sell Some Land Parcels Previously Set for Building” published on October 19, 2016, Forbes.com published: “Ex-Dividend Reminder: Ambev, KB Home and Zoetis” on October 28, 2016. More interesting news about KB Home (NYSE:KBH) were released by: Seekingalpha.com and their article: “Patience With KB Home – Cramer’s Lightning Round (10/26/16)” published on October 27, 2016 as well as Businesswire.com‘s news article titled: “KB Home to Webcast Presentation at the UBS Building and Building Products …” with publication date: October 26, 2016.

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