Andalusian Capital Partners Lp Lowers stake in NorthStar Asset Management Group Inc (NSAM)

NorthStar Asset Management Group Inc (NSAM) : Andalusian Capital Partners Lp reduced its stake in NorthStar Asset Management Group Inc by 37.22% during the most recent quarter end. The investment management company now holds a total of 543,578 shares of NorthStar Asset Management Group Inc which is valued at $6.4 Million after selling 322,292 shares in NorthStar Asset Management Group Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.NorthStar Asset Management Group Inc makes up approximately 10.24% of Andalusian Capital Partners Lp’s portfolio.

Other Hedge Funds, Including , Sls Management boosted its stake in NSAM in the latest quarter, The investment management firm added 1,444,510 additional shares and now holds a total of 1,681,051 shares of NorthStar Asset Management Group Inc which is valued at $19.7 Million. NorthStar Asset Management Group Inc makes up approx 33.28% of Sls Management’s portfolio.Ubs Asset Management Americas Inc reduced its stake in NSAM by selling 29,254 shares or 16.53% in the most recent quarter. The Hedge Fund company now holds 147,749 shares of NSAM which is valued at $1.7 Million.Amalgamated Bank boosted its stake in NSAM in the latest quarter, The investment management firm added 1,766 additional shares and now holds a total of 22,914 shares of NorthStar Asset Management Group Inc which is valued at $268,781. NorthStar Asset Management Group Inc makes up approx 0.03% of Amalgamated Bank’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in NSAM by selling 105,189 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 4,993,410 shares of NSAM which is valued at $58.6 Million. NorthStar Asset Management Group Inc makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.Capital Fund Management S.a. reduced its stake in NSAM by selling 297,158 shares or 82.78% in the most recent quarter. The Hedge Fund company now holds 61,825 shares of NSAM which is valued at $743,137. NorthStar Asset Management Group Inc makes up approx 0.01% of Capital Fund Management S.a.’s portfolio.

NorthStar Asset Management Group Inc opened for trading at $11.99 and hit $12.295 on the upside on Wednesday, eventually ending the session at $12.24, with a gain of 2.43% or 0.29 points. The heightened volatility saw the trading volume jump to 6,66,517 shares. Company has a market cap of $2,378 M.

On the company’s financial health, NorthStar Asset Management Group Inc reported $0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $0.21. The company had revenue of $106.43 million for the quarter, compared to analysts expectations of $107.15 million. The company’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

Many Wall Street Analysts have commented on NorthStar Asset Management Group Inc. Shares were Reiterated by Deutsche Bank on Mar 14, 2016 to “Buy” and Lowered the Price Target to $ 20 from a previous price target of $24 .Shares were Reiterated by FBR Capital on Feb 29, 2016 to “Outperform” and Lowered the Price Target to $ 15 from a previous price target of $23 .

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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