PulteGroup, Inc. Draws Bearish Options Activity Today

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In today’s session PulteGroup, Inc. (PHM) recorded an unusually high (158) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2015 put, expecting serious PHM decrease. With 158 contracts traded and 2394 open interest for the Dec, 15 contract, it seems this is a quite bearish bet. The option with symbol: PHM151218P00018500 closed last at: $0.63 or 20.3% down. The stock decreased 2.38% or $0.43 during the last trading session, hitting $17.64. About 4.28M shares traded hands. PulteGroup, Inc. (NYSE:PHM) has declined 8.24% since May 8, 2015 and is downtrending. It has underperformed by 5.22% the S&P500.

Out of 17 analysts covering PulteGroup (NYSE:PHM), 6 rate it “Buy”, 3 “Sell”, while 10 “Hold”. This means 32% are positive. PulteGroup was the topic in 8 analyst reports since September 11, 2015 according to StockzIntelligence Inc.

The institutional sentiment increased to 0.94 in Q3 2015. Its up 0.06, from 0.88 in 2015Q2. The ratio is positive, as 39 funds sold all PulteGroup, Inc. shares owned while 141 reduced positions. 49 funds bought stakes while 121 increased positions. They now own 262.85 million shares or 11.76% less from 297.89 million shares in 2015Q2.

Element Capital Management Llc holds 9.08% of its portfolio in PulteGroup, Inc. for 1.33 million shares. Covalent Partners Llc owns 1.73 million shares or 6.9% of their US portfolio. Moreover, Wilsey Asset Management Inc has 5.98% invested in the company for 410,310 shares. The Connecticut-based Impala Asset Management Llc has invested 5.69% in the stock. Greenbrier Partners Capital Management Llc, a Texas-based fund reported 922,442 shares.

Since March 5, 2015, the stock had 0 buys, and 3 selling transactions for $3.69 million net activity. Dugas Richard J Jr sold 125,000 shares worth $2.75M. Marshall Ryan sold 13,500 shares worth $297,000. Ellinghausen James R sold 30,000 shares worth $641,700. Blair Bryce bought 4,925 shares worth $99,879. The insider Hawaux Andre J bought 6,000 shares worth $130,800.

PulteGroup, Inc. is a homebuilder operating in the United States. The company has a market cap of $6.34 billion. The Company’s subsidiaries engage in the homebuilding business. It has 13.17 P/E ratio. The Firm also offers mortgage banking activities through Pulte Mortgage LLC (Pulte Mortgage) and title operations.

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