Everest Capital adds KB Home (KBH) to its portfolio

KB Home (KBH) : Everest Capital added new position in KB Home during the most recent quarter end. The investment management firm now holds 14,800 shares of KB Home which is valued at $186,628 , the company said in a statement filed on May 13, 2016 with the SEC.KB Home makes up approximately 17.18% of Everest Capital’s portfolio.

Other Hedge Funds, Including , Dreman Value Management L L C boosted its stake in KBH in the latest quarter, The investment management firm added 26,972 additional shares and now holds a total of 489,313 shares of KB Home which is valued at $6.2 Million. KB Home makes up approx 0.70% of Dreman Value Management L L C’s portfolio.Advantus Capital Management Inc reduced its stake in KBH by selling 544 shares or 4.55% in the most recent quarter. The Hedge Fund company now holds 11,404 shares of KBH which is valued at $143,804.Swiss National Bank boosted its stake in KBH in the latest quarter, The investment management firm added 27,300 additional shares and now holds a total of 142,200 shares of KB Home which is valued at $1.8 Million.Retirement Systems Of Alabama reduced its stake in KBH by selling 8,026 shares or 6.85% in the most recent quarter. The Hedge Fund company now holds 109,089 shares of KBH which is valued at $1.5 Million. KB Home makes up approx 0.01% of Retirement Systems Of Alabama’s portfolio.

KB Home closed down -0.13 points or -0.95% at $13.55 with 20,66,963 shares getting traded on Wednesday. Post opening the session at $13.74, the shares hit an intraday low of $13.455 and an intraday high of $13.86 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, KB Home reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Mar 23, 2016. Analyst had a consensus of $0.11. The company had revenue of $678.40 million for the quarter, compared to analysts expectations of $639.01 million. The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on KB Home. Shares were Downgraded by UBS on May 4, 2016 to ” Sell” and Lowered the Price Target to $ 11 from a previous price target of $13 .KB Home was Downgraded by FBN Securities to ” Sector Perform” on Apr 18, 2016. Company shares were Reiterated by Deutsche Bank on Apr 4, 2016 to “Hold”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .

KB Home is a homebuilding company that constructs and sells homes through its operating divisions under the name KB Home. The Company operates through five operating segments which includes four homebuilding segments and one financial services segment. The Company’s homebuilding operations are organized into four segments: West Coast Southwest Central and Southeast. The Company delivered approximately 7215 homes through its four homebuilding segments. The Company’s financial services segment offers property and casualty insurance and in certain instances earthquake flood and personal property insurance to its homebuyers. The Company also provides title services in the majority of its markets located within Central and Southeast homebuilding reporting segments. This segment also offers mortgage banking services including residential consumer mortgage loan originations to its homebuyers indirectly through Home Community Mortgage LLC (HCM).

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