Abrams Capital Management buys $129,806,926 stake in NorthStar Asset Management Group Inc (NSAM)

NorthStar Asset Management Group Inc (NSAM) : Abrams Capital Management scooped up 3,000,000 additional shares in NorthStar Asset Management Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 10,908,145 shares of NorthStar Asset Management Group Inc which is valued at $129,806,926.NorthStar Asset Management Group Inc makes up approximately 6.27% of Abrams Capital Management’s portfolio.

Other Hedge Funds, Including , Group One Trading sold out all of its stake in NSAM during the most recent quarter. The investment firm sold 120,685 shares of NSAM which is valued $1,436,152.Fmr boosted its stake in NSAM in the latest quarter, The investment management firm added 1,756,813 additional shares and now holds a total of 5,500,064 shares of NorthStar Asset Management Group Inc which is valued at $65,450,762. NorthStar Asset Management Group Inc makes up approx 0.01% of Fmr’s portfolio.California State Teachers Retirement System reduced its stake in NSAM by selling 21,589 shares or 5.24% in the most recent quarter. The Hedge Fund company now holds 390,241 shares of NSAM which is valued at $4,678,990. NorthStar Asset Management Group Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio. American Century Companies Inc sold out all of its stake in NSAM during the most recent quarter. The investment firm sold 1,064,770 shares of NSAM which is valued $12,340,684. Americafirst Capital Management added NSAM to its portfolio by purchasing 8,660 company shares during the most recent quarter which is valued at $99,503. NorthStar Asset Management Group Inc makes up approx 0.07% of Americafirst Capital Management’s portfolio.

NorthStar Asset Management Group Inc opened for trading at $12.01 and hit $12.1 on the upside on Monday, eventually ending the session at $12.06, with a gain of 0.92% or 0.11 points. The heightened volatility saw the trading volume jump to 7,74,229 shares. Company has a market cap of $2,342 M.

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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