Flagstar Bancorp (FBC) Share Value Declined While Mp Thrift Global Advisers Iii Has Cut Its Position by $272.00 Million; As Kb Home (KBH) Stock Declined, New York State Teachers Retirement System Cut Its Stake

September 14, 2018 - By Daniel Cummings

KB Home (NYSE:KBH) Logo

New York State Teachers Retirement System decreased its stake in Kb Home (KBH) by 11.92% based on its latest 2018Q2 regulatory filing with the SEC. New York State Teachers Retirement System sold 20,900 shares as the company’s stock declined 3.20% while stock markets rallied. The institutional investor held 154,449 shares of the homebuilding company at the end of 2018Q2, valued at $4.21M, down from 175,349 at the end of the previous reported quarter. New York State Teachers Retirement System who had been investing in Kb Home for a number of months, seems to be less bullish one the $2.23B market cap company. The stock increased 0.93% or $0.235 during the last trading session, reaching $25.435. About 736,395 shares traded. KB Home (NYSE:KBH) has risen 16.39% since September 14, 2017 and is uptrending. It has outperformed by 0.77% the S&P500. Some Historical KBH News: 22/03/2018 – KB Home 1Q Loss $71.3M; 22/03/2018 – KB HOME 1Q REV. $872M, EST. $873.5M; 22/03/2018 – KB Home 1Q Loss/Shr 82c; 06/04/2018 – KB Home Holds Grand Opening Celebration for Peppertree at Hidden Hills; 12/03/2018 – Manu Close-Up: KB Home Appoints Doug Schwartz as President of Its Raleigh Division; 31/05/2018 – KB Home Opens Madera in Northeast San Antonio; 15/05/2018 – KB Home Exceeded 2019 Debt Reduction Target of $250 M by More Than Two-fold; 13/04/2018 – KB HOME ENTERED AMENDED RIGHTS PACT AFTER OK FROM HOLDERS; 09/03/2018 – KB Home Announces the Grand Opening of Bridgepoint at Patterson Ranch in Fremont; 09/03/2018 – KB Home’s Dorado Skies is Now Open in Lancaster

Mp Thrift Global Advisers Iii Llc decreased its stake in Flagstar Bancorp Inc (FBC) by 22.47% based on its latest 2018Q2 regulatory filing with the SEC. Mp Thrift Global Advisers Iii Llc sold 8.00 million shares as the company’s stock declined 9.96% while stock markets rallied. The institutional investor held 27.60 million shares of the finance company at the end of 2018Q2, valued at $945.59 million, down from 35.60M at the end of the previous reported quarter. Mp Thrift Global Advisers Iii Llc who had been investing in Flagstar Bancorp Inc for a number of months, seems to be less bullish one the $1.79 billion market cap company. The stock decreased 1.74% or $0.55 during the last trading session, reaching $31.15. About 106,085 shares traded. Flagstar Bancorp, Inc. (NYSE:FBC) has declined 3.47% since September 14, 2017 and is downtrending. It has underperformed by 19.09% the S&P500. Some Historical FBC News: 24/04/2018 – Flagstar Reports First Quarter 2018 Net Income of $35 million, or $0.60 per Diluted Share; 12/03/2018 – FLAGSTAR SEES MORTGAGE WAREHOUSE PORTFOLIO ACCRETIVE IN 2018; 24/04/2018 – FLAGSTAR BANCORP 1Q ADJ EPS 60C; 12/03/2018 Flagstar Closes on Acquisition of Mortgage Warehouse Portfolio from Santander Bank; 15/05/2018 – KBRA Assigns Preliminary Ratings to Flagstar Mortgage Trust 2018-3INV (FSMT 2018-3INV); 15/05/2018 – Fitch Expects to Rate Flagstar Mortgage Trust 2018-3INV; Presale Issued; 06/04/2018 – Moody’s Assigns Provisional Ratings To Flagstar Mortgage Trust 2018-2 Issued By Flagstar Mortgage; 30/05/2018 – Moody’s Assigns Definitive Ratings To Prime Rmbs Issued By Flagstar Mortgage Trust 2018-3INV; 06/04/2018 – FITCH SEES TO RATE FLAGSTAR MORTGAGE TRUST 2018-2; PRESALE IS; 24/04/2018 – Flagstar Bancorp 1Q Net Interest Income $106M

New York State Teachers Retirement System, which manages about $41.05 billion US Long portfolio, upped its stake in Marathon Oil Corp (NYSE:MRO) by 55,819 shares to 1.27 million shares, valued at $26.56 million in 2018Q2, according to the filing. It also increased its holding in Encompass Health Corp Com by 17,524 shares in the quarter, for a total of 44,524 shares, and has risen its stake in Fleetcor Technologies Inc Com (NYSE:FLT).

More recent KB Home (NYSE:KBH) news were published by: Tucson.com which released: “KB Home’s Homestead in Maricopa Now Open” on September 04, 2018. Also Streetinsider.com published the news titled: “KB Home (KBH) Announces Partnership with Alphabet Inc. (GOOG) to Launch Smart Home System with Built-in Google …” on September 06, 2018. Tucson.com‘s news article titled: “KB Home’s Juniper at Desert Passage in Maricopa Now Open” with publication date: September 08, 2018 was also an interesting one.

Investors sentiment decreased to 0.74 in Q2 2018. Its down 0.23, from 0.97 in 2018Q1. It dropped, as 34 investors sold KBH shares while 90 reduced holdings. 25 funds opened positions while 67 raised stakes. 72.72 million shares or 3.09% less from 75.04 million shares in 2018Q1 were reported. 286,684 were accumulated by Voloridge Inv Management Ltd Liability. Proshare Advisors Limited Liability Company accumulated 0% or 18,511 shares. Gabelli Funds holds 0.03% or 200,000 shares in its portfolio. Paloma Prtnrs holds 0.01% or 17,043 shares. Eqis Cap Management Inc owns 7,824 shares. Donald Smith Com reported 704,020 shares. Dekabank Deutsche Girozentrale has 0% invested in KB Home (NYSE:KBH). Numerixs Technology stated it has 0.06% of its portfolio in KB Home (NYSE:KBH). Sadoff Mgmt Limited Liability Co reported 1.03M shares. Parametric Port Associates Limited Liability Com has 0.01% invested in KB Home (NYSE:KBH). Signaturefd reported 2,608 shares. Mcf Ltd Llc holds 0.05% of its portfolio in KB Home (NYSE:KBH) for 8,951 shares. Vanguard Grp Inc has 0.01% invested in KB Home (NYSE:KBH) for 7.85 million shares. Hl Ser Ltd Llc reported 163,318 shares stake. Prudential Financial holds 0.01% or 336,334 shares.

Among 28 analysts covering KB Home (NYSE:KBH), 3 have Buy rating, 5 Sell and 20 Hold. Therefore 11% are positive. KB Home had 85 analyst reports since September 4, 2015 according to SRatingsIntel. As per Wednesday, March 21, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Hold” rating by M Partners given on Tuesday, June 27. On Tuesday, October 31 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The firm has “Hold” rating by TheStreet given on Friday, October 16. Wedbush maintained KB Home (NYSE:KBH) rating on Friday, September 22. Wedbush has “Buy” rating and $26.0 target. The company was upgraded on Tuesday, March 27 by UBS. The stock of KB Home (NYSE:KBH) has “Outperform” rating given on Tuesday, September 20 by Wedbush. FBR Capital maintained it with “Mkt Perform” rating and $16 target in Wednesday, June 22 report. The firm has “Neutral” rating by Citigroup given on Monday, January 11. As per Tuesday, December 19, the company rating was downgraded by JP Morgan.

Analysts await KB Home (NYSE:KBH) to report earnings on September, 27. They expect $0.79 EPS, up 54.90% or $0.28 from last year’s $0.51 per share. KBH’s profit will be $69.26 million for 8.05 P/E if the $0.79 EPS becomes a reality. After $0.57 actual EPS reported by KB Home for the previous quarter, Wall Street now forecasts 38.60% EPS growth.

Since August 14, 2018, it had 0 insider purchases, and 1 sale for $6.38 million activity.

Investors sentiment increased to 2.1 in 2018 Q2. Its up 1.14, from 0.96 in 2018Q1. It improved, as 13 investors sold FBC shares while 28 reduced holdings. 33 funds opened positions while 53 raised stakes. 53.07 million shares or 4.51% less from 55.58 million shares in 2018Q1 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) owns 0% invested in Flagstar Bancorp, Inc. (NYSE:FBC) for 1,534 shares. Ubs Oconnor Ltd Com has invested 0% in Flagstar Bancorp, Inc. (NYSE:FBC). 22,523 are held by Verition Fund Mngmt Limited Liability Company. Schwab Charles Investment Mngmt reported 0% stake. Dimensional Fund LP holds 0.06% or 4.03 million shares. Tower Research Capital Ltd Liability (Trc) stated it has 12,176 shares. Balyasny Asset Ltd Limited Liability Company owns 17,713 shares for 0% of their portfolio. Bluemountain Cap Mngmt Ltd invested in 0.01% or 17,337 shares. Pnc Fincl Services Grp Inc Inc accumulated 300 shares or 0% of the stock. Ubs Asset Mgmt Americas Inc has 13,099 shares for 0% of their portfolio. Citadel Advsrs Limited Liability Corporation accumulated 106,134 shares. State Common Retirement Fund accumulated 42,900 shares or 0% of the stock. Moreover, Numerixs Invest has 0.04% invested in Flagstar Bancorp, Inc. (NYSE:FBC) for 4,569 shares. Moreover, Bancshares Of New York Mellon has 0% invested in Flagstar Bancorp, Inc. (NYSE:FBC). Fj Mgmt Lc reported 150,000 shares.

Among 11 analysts covering Flagstar Bancorp (NYSE:FBC), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Flagstar Bancorp had 39 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Flagstar Bancorp, Inc. (NYSE:FBC) has “Buy” rating given on Tuesday, November 14 by FBR Capital. The firm has “Outperform” rating given on Tuesday, June 28 by Keefe Bruyette & Woods. The company was downgraded on Monday, November 2 by Wood. The stock of Flagstar Bancorp, Inc. (NYSE:FBC) earned “Buy” rating by Piper Jaffray on Sunday, August 27. The company was upgraded on Tuesday, February 9 by Sandler O’Neill. On Friday, May 26 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Wood downgraded Flagstar Bancorp, Inc. (NYSE:FBC) on Wednesday, July 27 to “Market Perform” rating. The firm earned “Outperform” rating on Thursday, June 28 by Wood. The company was initiated on Friday, March 24 by Stephens. The stock has “Buy” rating by Compass Point on Monday, May 14.

KB Home (NYSE:KBH) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts