Alpha Omega Wealth Management Lowers stake in NVR (NVR)

NVR (NVR) : Alpha Omega Wealth Management reduced its stake in NVR by 4.69% during the most recent quarter end. The investment management company now holds a total of 1,321 shares of NVR which is valued at $2,257,932 after selling 65 shares in NVR , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.NVR makes up approximately 1.84% of Alpha Omega Wealth Management’s portfolio.

Other Hedge Funds, Including , Daiwa Securities Group reduced its stake in NVR by selling 320 shares or 58.18% in the most recent quarter. The Hedge Fund company now holds 230 shares of NVR which is valued at $391,000.Checchi Capital Advisers boosted its stake in NVR in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 86 shares of NVR which is valued at $148,780. NVR makes up approx 0.04% of Checchi Capital Advisers’s portfolio.

NVR opened for trading at $1699 and hit $1710.0375 on the upside on Monday, eventually ending the session at $1704.88, with a gain of 0.35% or 5.95 points. The heightened volatility saw the trading volume jump to 12,454 shares. Company has a market cap of $6,642 M.

On the company’s financial health, NVR reported $22.01 EPS for the quarter, missing the analyst consensus estimate by $ -4.18 based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus of $26.19. The company had revenue of $1388.00 million for the quarter, compared to analysts expectations of $1389.67 million. The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $21.91 EPS.

NVR Inc. is engaged in the construction and sale of single-family detached homes townhomes and condominium buildings. The Company also operates a mortgage banking and title services business through its wholly owned subsidiary NVR Mortgage Finance Inc. (NVRM). The Company provides single-family detached homes townhomes and condominium buildings with basic home designs. The Company’s home building activities combine traditional transitional cottage or urban exterior designs with contemporary interior designs and amenities which include two to four bedrooms and range from approximately 800 to 7300 square feet. The Company provides mortgage related services to home building customers through mortgage banking operations. The mortgage banking operations include separate subsidiaries that broker title insurance and perform title searches in connection with mortgage loan closings for which they receive commissions and fees.

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