Teachers Retirement System Of The State Of Kentucky Lowers stake in NVR (NVR)

NVR (NVR) : Teachers Retirement System Of The State Of Kentucky reduced its stake in NVR by 19.07% during the most recent quarter end. The investment management company now holds a total of 22,597 shares of NVR which is valued at $37.1 Million after selling 5,324 shares in NVR , the firm said in a disclosure report filed with the SEC on May 13, 2016.NVR makes up approximately 0.49% of Teachers Retirement System Of The State Of Kentucky’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp reduced its stake in NVR by selling 2,366 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 139,405 shares of NVR which is valued at $228.9 Million. NVR makes up approx 0.06% of Wellington Management Group Llp’s portfolio. Meeder Asset Management Inc added NVR to its portfolio by purchasing 212 company shares during the most recent quarter which is valued at $348,062. NVR makes up approx 0.03% of Meeder Asset Management Inc’s portfolio.Royce Associates Lp reduced its stake in NVR by selling 3,140 shares or 32.52% in the most recent quarter. The Hedge Fund company now holds 6,515 shares of NVR which is valued at $10.7 Million. NVR makes up approx 0.07% of Royce Associates Lp’s portfolio. Nine Chapters Capital Management added NVR to its portfolio by purchasing 310 company shares during the most recent quarter which is valued at $508,958. NVR makes up approx 0.04% of Nine Chapters Capital Management’s portfolio.Municipal Employees’ Retirement System Of Michigan reduced its stake in NVR by selling 10 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 1,220 shares of NVR which is valued at $2 Million. NVR makes up approx 0.13% of Municipal Employees’ Retirement System Of Michigan’s portfolio.

NVR closed down -29.78 points or -1.72% at $1704.22 with 21,592 shares getting traded on Wednesday. Post opening the session at $1741, the shares hit an intraday low of $1687.81 and an intraday high of $1745.53 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, NVR reported $15.97 EPS for the quarter, beating the analyst consensus estimate by $ 1.01 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $14.96. The company had revenue of $1144.00 million for the quarter, compared to analysts expectations of $1152.08 million. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.22 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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