PulteGroup, Inc. Has Another Very Negative Options Trading Session

 PulteGroup, Inc. Has Another Very Negative Options Trading Session

In today’s session PulteGroup, Inc. (PHM) recorded an unusually high (488) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious PHM decrease. With 488 contracts traded and 27294 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: PHM170120P00020000 closed last at: $1.86 or 4.1% down. About 1.65 million shares traded hands. PulteGroup, Inc. (NYSE:PHM) has declined 0.43% since March 31, 2016 and is downtrending. It has underperformed by 2.95% the S&P500.

PulteGroup, Inc. (NYSE:PHM) Ratings Coverage

Out of 13 analysts covering PulteGroup (NYSE:PHM), 3 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 23% are positive. PulteGroup has been the topic of 27 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The rating was maintained by FBR Capital with “Mkt Perform” on Friday, October 23. The company was upgraded on Wednesday, January 13 by JP Morgan. The rating was downgraded by Sterne Agee CRT to “Neutral” on Tuesday, December 22. The firm earned “Overweight” rating on Friday, July 22 by JP Morgan. On Wednesday, January 27 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Underperform” rating by Bank of America given on Wednesday, March 16. As per Friday, October 21, the company rating was maintained by FBR Capital. The company was initiated on Tuesday, September 20 by Wedbush. On Monday, April 4 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Perform”. The firm has “Hold” rating given on Monday, April 4 by Zelman.

According to Zacks Investment Research, “Pulte Corporation is a publicly held holding company whose subsidiaries engage in the homebuilding and financial services businesses. The company’s significant subsidiaries include Pulte Financial Companies, Inc., Pulte Diversified Companies, Inc., and other subsidiaries which are engaged in the homebuilding business.”

Insitutional Activity: The institutional sentiment decreased to 0.87 in 2016 Q2. Its down 0.37, from 1.24 in 2016Q1. The ratio dropped, as 55 funds sold all PulteGroup, Inc. shares owned while 130 reduced positions. 43 funds bought stakes while 118 increased positions. They now own 290.87 million shares or 0.29% less from 291.71 million shares in 2016Q1.
Sumitomo Mitsui Asset Mngmt Co Limited holds 0.02% of its portfolio in PulteGroup, Inc. (NYSE:PHM) for 25,963 shares. Moreover, Meiji Yasuda Asset Management Ltd has 0.05% invested in PulteGroup, Inc. (NYSE:PHM) for 18,990 shares. State Of Tennessee Treasury Department has 0.02% invested in the company for 222,230 shares. Jnba Fincl Advisors last reported 30 shares in the company. Cornerstone Capital Ltd Limited Liability Company reported 2.73M shares or 2.81% of all its holdings. Huntington Bank & Trust accumulated 0.01% or 11,135 shares. Shell Asset Management last reported 0.01% of its portfolio in the stock. Moreover, Mutual Of America Cap Mgmt Lc has 0.02% invested in PulteGroup, Inc. (NYSE:PHM) for 36,285 shares. Old National National Bank & Trust In last reported 26,706 shares in the company. Moreover, Ameriprise Financial has 0% invested in PulteGroup, Inc. (NYSE:PHM) for 243,503 shares. Amer Century Incorporated has invested 0.11% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Aviva Public Ltd Com holds 0.02% of its portfolio in PulteGroup, Inc. (NYSE:PHM) for 170,939 shares. Opus Cap Group Limited Liability accumulated 10,448 shares or 0.05% of the stock. Goelzer Invest has 398,636 shares for 1.07% of their US portfolio. Clough Prns Limited Partnership holds 1.16% of its portfolio in PulteGroup, Inc. (NYSE:PHM) for 1.11M shares.

Insider Transactions: Since May 3, 2016, the stock had 0 insider purchases, and 7 selling transactions for $12.19 million net activity. OSSOWSKI JAMES L had sold 10,000 shares worth $200,000. Ellinghausen James R sold $2.03M worth of stock or 100,000 shares. COOK STEVEN M also sold $441,200 worth of PulteGroup, Inc. (NYSE:PHM) on Tuesday, July 26. Another trade for 53,582 shares valued at $1.18 million was sold by SMITH HARMON D. BLAIR BRYCE also bought $99,599 worth of PulteGroup, Inc. (NYSE:PHM) shares. $5.34 million worth of shares were sold by DUGAS RICHARD J JR on Monday, July 25.

PulteGroup, Inc. is a homebuilder operating in the United States. The company has a market cap of $6.08 billion. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking activities and title operations. It has a 11.5 P/E ratio. The Company’s subsidiaries are also engaged in the homebuilding business.

PHM Company Profile

PulteGroup, Inc., incorporated on October 17, 1987, is a homebuilder operating in the United States. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking activities and title operations. The Company’s subsidiaries are also engaged in the homebuilding business. The Firm operates through Homebuilding and Financial Services divisions. The Company’s homebuilding business includes the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on that land. The Company’s brands include Pulte Homes, Del Webb and Centex. The Company, through its brands offer a range of home designs, including single-family detached, townhouses, condominiums and duplexes.

More recent PulteGroup, Inc. (NYSE:PHM) news were published by: Prnewswire.com which released: “PulteGroup Reports Third Quarter 2016 Financial Results” on October 20, 2016. Also Forbes.com published the news titled: “PulteGroup Enters Oversold Territory” on October 27, 2016. Seekingalpha.com‘s news article titled: “PulteGroup, Inc.s’ (PHM) CEO Ryan Marshall on Q3 2016 Results – Earnings Call …” with publication date: October 20, 2016 was also an interesting one.

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