KB Home Has Another Very Negative Options Trading Session

 KB Home Has Another Very Negative Options Trading Session

In today’s session KB Home (KBH) recorded an unusually high (2,300) 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 2,300 contracts traded and 36494 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: KBH170421P00013000 closed last at: $0.7 or 2.9% up. About 148,145 shares traded hands. KB Home (NYSE:KBH) has risen 3.69% since April 18, 2016 and is uptrending. It has underperformed by 0.74% the S&P500.

KB Home (NYSE:KBH) Ratings Coverage

Out of 18 analysts covering KB Home (NYSE:KBH), 2 rate it a “Buy”, 4 “Sell”, while 12 “Hold”. This means 11% are positive. $22 is the highest target while $11 is the lowest. The $15.19 average target is -0.52% below today’s ($15.27) stock price. KB Home has been the topic of 25 analyst reports since September 4, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Citigroup on Tuesday, March 29. The stock of KB Home (NYSE:KBH) has “Neutral” rating given on Friday, January 8 by M Partners. RBC Capital Markets maintained KB Home (NYSE:KBH) rating on Wednesday, September 21. RBC Capital Markets has “Sector Perform” rating and $17 price target. FBR Capital maintained it with “Mkt Perform” rating and $16 target price in Wednesday, June 22 report. The firm has “Neutral” rating given on Monday, January 11 by Citigroup. The firm has “Hold” rating by TheStreet given on Friday, October 16. The stock of KB Home (NYSE:KBH) has “Sell” rating given on Friday, September 4 by Zacks. The firm earned “Underperform” rating on Tuesday, December 15 by Credit Suisse. The firm has “Underperform” rating by Bank of America given on Wednesday, October 21. The rating was maintained by Barclays Capital with “Underweight” on Thursday, March 24.

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 1.18 in Q2 2016. Its up 0.29, from 0.89 in 2016Q1. The ratio increased, 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.
Sei holds 167,800 shares or 0.02% of its portfolio. Jane Street Grp Inc Limited Liability reported 58,072 shares or 0% of all its holdings. Invsts reported 1.63 million shares or 0.01% of all its holdings. Royal Bank Of Canada holds 151,340 shares or 0% of its portfolio. Timber Hill Lc holds 0% or 52,568 shares in its portfolio. The Texas-based Dimensional Fund Advisors Limited Partnership has invested 0.02% in KB Home (NYSE:KBH). Federated Pa holds 0.01% or 140,602 shares in its portfolio. Victory Capital Mngmt reported 4,652 shares or 0% of all its holdings. Element Cap Management Ltd Llc has 1.3% invested in the company for 565,030 shares. Morgan Stanley has 0% invested in the company for 354,694 shares. Balyasny Asset Mgmt Ltd Com has 0% invested in the company for 19,821 shares. Advsrs Asset Management Inc accumulated 0% or 2,200 shares. Alliancebernstein Lp last reported 0% of its portfolio in the stock. Vanguard last reported 0.01% of its portfolio in the stock. Susquehanna Gp Ltd Liability Partnership, a Pennsylvania-based fund reported 107,540 shares.

Insider Transactions: Since July 25, 2016, the stock had 0 buys, and 1 insider sale for $8.24 million net activity. $8.24M worth of KB Home (NYSE:KBH) was sold by MEZGER JEFFREY T on Monday, July 25.

KB Home is a homebuilding company in the United States. The company has a market cap of $1.31 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 13.33 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: Finance.Yahoo.com which released: “KB Home (KBH) Opens Townhome Community in Windermere” on November 17, 2016, also Wsj.com with their article: “KB Home to Sell Some Land Parcels Previously Set for Building” published on October 19, 2016, Wsj.com published: “With Workers Scarce, More Home Builders Turn to Prefab Construction” on November 15, 2016. More interesting news about KB Home (NYSE:KBH) were released by: Businesswire.com and their article: “KB Home Promotes Randy Carpenter to President of Its Colorado Division” published on November 10, 2016 as well as Businesswire.com‘s news article titled: “KB Home Announces the Grand Opening of Vineyard Square in Windermere” with publication date: November 16, 2016.

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