PulteGroup, Inc. Can’t Be More Safe. Option Traders Like It

 PulteGroup, Inc. Can't Be More Safe. Option Traders Like It

In today’s session PulteGroup, Inc. (PHM) registered an unusually high (934) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious PHM increase. With 934 contracts traded and 3674 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: PHM161216C00019000 closed last at: $0.68 or 126.7% up. About 1.04 million shares traded hands. PulteGroup, Inc. (NYSE:PHM) has risen 2.75% since April 12, 2016 and is uptrending. It has underperformed by 2.23% 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. $26 is the highest target while $16 is the lowest. The $19.82 average target is 6.33% above today’s ($18.64) stock price. PulteGroup has been the topic of 27 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The stock of PulteGroup, Inc. (NYSE:PHM) earned “Mkt Perform” rating by FBR Capital on Friday, October 21. On Tuesday, December 22 the stock rating was downgraded by Sterne Agee CRT to “Neutral”. The rating was upgraded by JP Morgan to “Neutral” on Friday, September 11. The stock of PulteGroup, Inc. (NYSE:PHM) has “Mkt Perform” rating given on Friday, October 23 by FBR Capital. As per Friday, July 22, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, January 27 report. The firm has “Underweight” rating given on Tuesday, October 13 by Morgan Stanley. The rating was maintained by FBR Capital on Friday, July 22 with “Mkt Perform”. Wedbush initiated the stock with “Underperform” rating in Tuesday, September 20 report. On Tuesday, April 5 the stock rating was downgraded by JP Morgan to “Neutral”.

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 Q2 2016. Its down 0.37, from 1.24 in 2016Q1. The ratio dived, 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.
Dynamic Cap Mgmt Limited reported 74,290 shares or 0.17% of all its holdings. Exane Derivatives reported 1 shares or 0% of all its holdings. Louisiana State Employees Retirement Sys accumulated 20,700 shares or 0.02% of the stock. Westpac Banking Corp holds 0% of its portfolio in PulteGroup, Inc. (NYSE:PHM) for 15,857 shares. Janus Capital Management Ltd Liability Co holds 49,900 shares or 0% of its portfolio. Moreover, Voya Investment Mgmt Ltd has 0.01% invested in PulteGroup, Inc. (NYSE:PHM) for 203,589 shares. Old Second Savings Bank Of Aurora, a Illinois-based fund reported 37,540 shares. Parametric Portfolio Assocs Lc owns 603,509 shares or 0.02% of their US portfolio. Salem Invest Counselors has 0.03% invested in the company for 11,800 shares. Credit Suisse Ag holds 12.97 million shares or 0.28% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0.01% or 49,871 shares. Us Bancorp De owns 78,126 shares or 0.01% of their US portfolio. Federated Pa holds 0% of its portfolio in PulteGroup, Inc. (NYSE:PHM) for 60,000 shares. The Ontario – Canada-based Cumberland Prns has invested 4.69% in PulteGroup, Inc. (NYSE:PHM). Dimensional Fund Limited Partnership has invested 0.11% of its portfolio in PulteGroup, Inc. (NYSE:PHM).

Insider Transactions: Since July 7, 2016, the stock had 0 insider buys, and 7 selling transactions for $12.19 million net activity. $200,000 worth of PulteGroup, Inc. (NYSE:PHM) was sold by OSSOWSKI JAMES L on Thursday, July 7. Ellinghausen James R had sold 125,000 shares worth $2.70M. COOK STEVEN M sold $441,200 worth of stock. The insider DUGAS RICHARD J JR sold 243,115 shares worth $5.34 million. $1.18M worth of PulteGroup, Inc. (NYSE:PHM) was sold by SMITH HARMON D.

PulteGroup, Inc. is a homebuilder operating in the United States. The company has a market cap of $6.04 billion. The Company, through Pulte Mortgage LLC, is engaged in mortgage banking activities and title operations. It has a 11.68 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 news for PulteGroup, Inc. (NYSE:PHM) were recently published by: Prnewswire.com, which released: “PulteGroup Reports Third Quarter 2016 Financial Results” on October 20, 2016. Forbes.com‘s article titled: “PulteGroup Enters Oversold Territory” and published on October 27, 2016 is yet another important article.

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