MarketBeat Earnings
Pictet Asset Management Holding SA Lowers Stake in PulteGroup, Inc. $PHM
Pictet Asset Management Holding SA significantly reduced its stake in PulteGroup, Inc. ($PHM) by 22.5% in the second quarter, selling over 109,000 shares but still retaining a substantial holding valued at approximately $51.6 million. Despite this reduction, institutional investors collectively own about 89.9% of PulteGroup. The company recently exceeded earnings expectations, authorized a $1.5 billion stock repurchase program, …