Institutional owners may take dramatic actions as Hovnanian Enterprises, Inc.’s (NYSE:HOV) recent 10.0% drop adds to one-year losses

Key Insights

• Significantly high institutional ownership implies Hovnanian Enterprises’ stock price is sensitive to their trading actions
• The top 11 shareholders own 51% of the company
• Recent sales by insiders

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A look at the shareholders of Hovnanian Enterprises, Inc. (NYSE:HOV) can tell us which group is most powerful. With 56% stake, institutions possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

And institutional investors endured the highest losses after the company’s share price fell by 10.0% last week. This set of investors may especially be concerned about the current loss, which adds to a one-year loss of 39% for shareholders. Often called “market movers”, institutions wield significant power in…