|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||1.67 - 1.73|
|52 Week Range||1.55 - 3.41|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 5, 2018 - Sep 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.52|
Stock Research Monitor: HOV, CVA, and SRCL LONDON, UK / ACCESSWIRE / July 20, 2018/ If you want a free Stock Review on KBH sign up now at www.wallstequities.com/registration . On Thursday, July 19, 2018, ...
From July 14th through July 29th, buyers can take advantage of amazing opportunities at participating K. Hovnanian® communities located in 48 markets across 14 states. Exact offers will vary by region, with select communities creating their own unique packages specifically designed for this two week event. The National Sales Event comes more than a decade after K. Hovnanian® Homes hosted its first and only national event which grossed more than 2,100 sales in a three-day period. “This is not a common promotional program for our company,” said Ara Hovnanian, Chairman, President & CEO.
When Blackstone Group LP made a bet that shook confidence in the credit derivatives market, U.S. regulators waged an unusual campaign to pressure the investment firm to back down. The Commodity Futures Trading Commission took an interest last year when Blackstone’s GSO Capital Partners LP disclosed it had taken out insurance on bonds issued by Hovnanian Enterprises Inc., wagering the home builder would default on its debts. Blackstone offered Hovnanian a low-cost loan and persuaded the builder to miss a small interest payment in exchange, which would trigger payouts on $333 million in Blackstone’s credit-insurance contracts and yield the firm tens of millions of dollars, depending on market factors.
Hovnanian Enterprises Inc’s (NYSE:HOV): Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. With the latest financial year loss of -US$332.19m and a trailing-twelve monthRead More...
Hovnanian Enterprises, Inc. (HOV), a leading national homebuilder, announced today that Bonnie Stone Sellers has been appointed to its Board of Directors effective immediately. The addition of Ms. Sellers expands Hovnanian’s Board of Directors to eight members, six of whom are independent directors. Ms. Sellers, who brings considerable expertise and over 35 years of global real estate experience, will also serve on the Board of Director’s Audit Committee and Corporate Governance and Nominating Committee.
The dust is settling from a nasty hedge fund battle over credit-default swaps, enough that observers can now figure out who eked out a profit. The background: GSO Capital Partners, the credit hedge fund within Blackstone Group (BX), bought CDS tied to the debt of home builder Hovnanian Enterprises (HOV). The price of the cheapest outstanding bond set the price for the CDS, which GSO controlled by building supercheap debt. Solus Alternative Asset Management held the opposite position in CDS, and so would have had to pay up, should the CDS be triggered.
On Friday, June 15, 2018, the NASDAQ Composite, the Dow Jones Industrial Average, and the S&P 500 edged lower at the closing bell. Taking into consideration Friday’s market sentiment, WallStEquities.com assessed the following Residential Construction equities this morning: Beazer Homes USA Inc. (NYSE: BZH), D.R. Horton Inc. (NYSE: DHI), Hovnanian Enterprises Inc. (NYSE: HOV), and KB Home (NYSE: KBH). On Friday, shares in Atlanta, Georgia headquartered Beazer Homes USA Inc. recorded a trading volume of 333,164 shares.
LONDON, UK / ACCESSWIRE / June 11, 2018 / If you want access to our free research report on AV Homes, Inc. (NASDAQ: AVHI), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AVHI as the Company's latest news hit the wire. On June 07, 2018, Taylor Morrison Home Corp. (NYSE:TMHC) declared that it has inked a deal to acquire all of the outstanding shares of AV Homes' common stock at $21.50 per share in a cash and stock transaction, including outstanding AV Homes debt valued at approximately $963 million. Active-Investors.com is currently working on the research report for Hovnanian Enterprises, Inc. (NYSE: HOV), which also belongs to the Healthcare sector as the Company AV Homes.
Two hedge funds made a mess in a corner of the credit market. Firms including BlueMountain Capital, Citadel, Apollo Global Management, Elliott Management, Anchorage Capital Partners, and CQS have been holed up in Manhattan conference rooms and on calls for months, trying to fix credit-default-swap contracts, people close to the situation say. Maligned in the financial crisis, CDS are drawing scrutiny again.
Increases in Gross Margin Percentage, Contracts per Community and Lots Controlled Lower Community Count Continues to Challenge Results Solus Litigation Dismissed and Concluded Favorably for Hovnanian Company ...
NEW YORK, June 07, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Gridsum ...
Leading Hovnanian Enterprises Inc (NYSE:HOV) as the CEO, Ara Hovnanian took the company to a valuation of US$275.12M. Understanding how CEOs are incentivised to run and grow their company isRead More...
Inc. following an admonishment from U.S. regulators, ending a standoff with other investors that shook confidence in the multitrillion-dollar credit derivatives market. Blackstone’s GSO Capital Partners LP said Wednesday it was abandoning a complicated plan to collect payments from investors that wrote insurance-like contracts guaranteeing full payment on Hovnanian’s debts. GSO had bought these insurance instruments, known as credit default swaps, which pay out if Hovnanian were to default.
Inc. recently made peace with Blackstone Group Inc. over a controversial credit derivatives trade, a gentlemen’s agreement of sorts that lets both sides avoid a public confrontation. The deal between Goldman and Blackstone’s GSO Capital Partners LP resolves a high-stakes standoff over credit default swaps tied to Hovnanian, which borrowed money from GSO last year under an unusual arrangement.
NEW YORK, May 25, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of L.B. ...
Goldman Sachs Group Inc. and Blackstone Group LP recently resolved a monthslong standoff over a controversial derivatives trade that had alarmed regulators and investors in the $11 trillion credit-default swaps market. The Wall Street giants had taken opposite sides of a bet on bonds issued by home builder Hovnanian Enterprises Inc. The trades, engineered by Blackstone’s GSO Capital Partners LP, involved the home builder intentionally skipping a small interest payment earlier this month in exchange for an attractive financing package from the private-equity house. Blackstone had bought insurance against a default, which would allow it to make money from the skipped interest payment.
Hovnanian Enterprises, Inc. (HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30, 2018 the morning of Thursday, June 7, 2018. The Company will webcast its second quarter earnings conference call at 11:00 a.m. (ET) on Thursday, June 7, 2018. The conference call and accompanying slide presentation will be webcast live through the “Investor Relations” section of Hovnanian Enterprises’ website at http://www.khov.com.
Inc. creditors snubbed a bond exchange proposal that could have eased the home builder’s debt load at the expense of credit default swap sellers. New Jersey-based Hovnanian abandoned the proposed $50 million debt exchange after failing to get enough investors to participate. Under a controversial deal with GSO, Hovnanian skipped a $1 million interest payment May 1 on company-issued bonds it repurchased and parked with an affiliate.
MATAWAN, N.J., May 14, 2018-- Hovnanian Enterprises, Inc. announced today that, in connection with its wholly-owned subsidiary K. Hovnanian Enterprises, Inc.’ s previously announced private offer to exchange ...
California regulators approve a plan to mandate solar panels on new homes in the state. Some argue it's an investment, while others say the move will only hurt low-income residents.
The Commodity Futures Trading Commission has recently issued a much-needed warning in response to possible manipulation of CDS trades by a couple of the biggest names on Wall Street.
As the financial crisis revealed, pockets of unethical behavior by some devils in the mortgage-backed securities market ultimately boomeranged on average homeowners. In April, the regulator called out Blackstone's GSO Capital and Hovnanian Enterprises for what appeared to be a manufactured default and sweetheart deal. The agency's statement was clear in saying that manufactured credit events may constitute market manipulation and may severely damage the integrity of the credit default swap market.
RED BANK, N.J., May 08, 2018-- Hovnanian Enterprises, Inc., a leading national homebuilder, announced that senior management will be presenting at the J.P. Morgan Homebuilding and Building Products Conference ...
Hovnanian skipped an interest payment due Tuesday on bonds it repurchased and parked with an affiliate, opening the door for GSO to collect payouts on credit-default swaps that insure against nonpayment. It will be up to an International Swaps and Derivatives Association committee whether the default triggers credit-default-swaps contracts tied to Hovnanian debt. The nonpayment was required of the home-building company under a sweetheart-lending deal with GSO featuring off-market debt designed to maximize the payday.
MATAWAN, N.J., April 30, 2018-- Hovnanian Enterprises, Inc. announced today that its wholly-owned subsidiary, K. Hovnanian Enterprises, Inc., has amended certain terms of its previously announced private ...