Newcastle Investment Corp. (NCT) : Cooper Creek Partners Management scooped up 521,547 additional shares in Newcastle Investment Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,855,787 shares of Newcastle Investment Corp. which is valued at $8.3 Million.Newcastle Investment Corp. makes up approximately 7.00% of Cooper Creek Partners Management’s portfolio.
Other Hedge Funds, Including , Peak6 Investments reduced its stake in NCT by selling 23,327 shares or 54.87% in the most recent quarter. The Hedge Fund company now holds 19,187 shares of NCT which is valued at $86,150. Newcastle Investment Corp. makes up approx 0.01% of Peak6 Investments’s portfolio.Ubs Asset Management Americas Inc reduced its stake in NCT by selling 4,420 shares or 10.43% in the most recent quarter. The Hedge Fund company now holds 37,948 shares of NCT which is valued at $170,387. Blackrock Institutional Trust Company N.a. added NCT to its portfolio by purchasing 35,974 company shares during the most recent quarter which is valued at $161,523.Kayne Anderson Capital Advisors Lp reduced its stake in NCT by selling 62,280 shares or 52.77% in the most recent quarter. The Hedge Fund company now holds 55,739 shares of NCT which is valued at $250,268.
Newcastle Investment Corp. closed down -0.01 points or -0.23% at $4.41 with 3,11,349 shares getting traded on Wednesday. Post opening the session at $4.45, the shares hit an intraday low of $4.36 and an intraday high of $4.45 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Newcastle Investment Corp. reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $0.10.During the same quarter in the previous year, the company posted $0.12 EPS.
Newcastle Investment Corp. (Newcastle) is a real estate investment trust (REIT). The Company focuses on investing in and managing a variety of real estate related and other investments. The Company operates through four segments: debt investments financed with collateralized debt obligations (CDOs) other debt investments (Other Debt) investment in golf properties and facilities (Golf) and corporate. Newcastle’s golf business includes around 87 properties in the United States that it leases owns or manages. The Company’s debt business consists of assets of $473.2 million financed in CDOs whereby Newcastle is the manager as well as $833.3 million of other real estate related securities and assets. Its investment portfolio includes debt investments such as commercial assets residential assets corporate assets and other investments such as golf investment. Newcastle is externally managed and advised by an affiliate of Fortress Investment Group LLC (Fortress) (the Manager).