New Mountain Vantage Advisers L.l.c. Lowers stake in NorthStar Asset Management Group Inc (NSAM)

NorthStar Asset Management Group Inc (NSAM) : New Mountain Vantage Advisers L.l.c. reduced its stake in NorthStar Asset Management Group Inc by 16.67% during the most recent quarter end. The investment management company now holds a total of 4,307,522 shares of NorthStar Asset Management Group Inc which is valued at $51,259,512 after selling 861,982 shares in NorthStar Asset Management Group Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.NorthStar Asset Management Group Inc makes up approximately 2.83% of New Mountain Vantage Advisers L.l.c.’s portfolio.

Other Hedge Funds, Including , Westchester Capital Management added NSAM to its portfolio by purchasing 596,789 company shares during the most recent quarter which is valued at $7,101,789. NorthStar Asset Management Group Inc makes up approx 0.22% of Westchester Capital Management’s portfolio. Grantham Mayo Van Otterloo added NSAM to its portfolio by purchasing 1,600,100 company shares during the most recent quarter which is valued at $19,041,190. NorthStar Asset Management Group Inc makes up approx 0.08% of Grantham Mayo Van Otterloo’s portfolio.New York State Common Retirement Fund boosted its stake in NSAM in the latest quarter, The investment management firm added 8,700 additional shares and now holds a total of 467,927 shares of NorthStar Asset Management Group Inc which is valued at $5,568,331. NorthStar Asset Management Group Inc makes up approx 0.01% of New York State Common Retirement Fund’s portfolio. Winslow Evans Crocker added NSAM to its portfolio by purchasing 180 company shares during the most recent quarter which is valued at $2,074.

NorthStar Asset Management Group Inc closed down -0.02 points or -0.16% at $12.41 with 12,91,050 shares getting traded on Thursday. Post opening the session at $12.46, the shares hit an intraday low of $12.33 and an intraday high of $12.51 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, NorthStar Asset Management Group Inc reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.16.Analysts expectations of $ 118.43.

Many Wall Street Analysts have commented on NorthStar Asset Management Group Inc. Company shares were Upgraded by FBR Capital on Jun 6, 2016 to ” Outperform”, Firm has raised the Price Target to $ 15 from a previous price target of $12.50 .Shares were Downgraded by FBR Capital on Jun 1, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 12.50 from a previous price target of $15 .

Northstar Asset Management Group Inc. is an asset management company. The Company is focused on managing real estate and other investment platforms in the United States and internationally. The Company owns NorthStar Realty Securities LLC (NorthStar Securities) which is a captive broker-dealer platform and raises capital in the retail market for its sponsored companies. The Company’s sponsored companies include NorthStar Real Estate Income Trust Inc. (NorthStar Income); NorthStar Healthcare Income Inc. (North Star Healthcare); NorthStar/RXR New York Metro Income Inc. ( NorthStar/RXR New York Metro) and NorthStar Corporate Income Inc. (NorthStar Corporate). The Company also leases its offices in New York; Denver Colorado; Dallas Texas; Bethesda Maryland; London United Kingdom; Senningerberg Luxembourg Los Angeles California and Pembroke Bermuda.

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