Rmb Capital Management Lowers stake in NVR (NVR)

NVR (NVR) : Rmb Capital Management reduced its stake in NVR by 2.35% during the most recent quarter end. The investment management company now holds a total of 10,606 shares of NVR which is valued at $17,838,762 after selling 255 shares in NVR , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.NVR makes up approximately 1.22% of Rmb Capital Management’s portfolio.

Other Hedge Funds, Including , Diam Ltd. reduced its stake in NVR by selling 20 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 20 shares of NVR which is valued at $33,639.Cibc Asset Management Inc boosted its stake in NVR in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 276 shares of NVR which is valued at $464,218.California State Teachers Retirement System reduced its stake in NVR by selling 1,197 shares or 13.94% in the most recent quarter. The Hedge Fund company now holds 7,392 shares of NVR which is valued at $12,432,974. NVR makes up approx 0.03% of California State Teachers Retirement System’s portfolio. Capital Fund Management S.a. added NVR to its portfolio by purchasing 274 company shares during the most recent quarter which is valued at $465,800. NVR makes up approx 0.01% of Capital Fund Management S.a.’s portfolio.

NVR closed down -5 points or -0.29% at $1705 with 20,484 shares getting traded on Monday. Post opening the session at $1712.12, the shares hit an intraday low of $1700.09 and an intraday high of $1720.94 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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