Key Colony Management Lowers stake in OneMain Holdings Inc (OMF)

OneMain Holdings Inc (OMF) : Key Colony Management reduced its stake in OneMain Holdings Inc by 1.72% during the most recent quarter end. The investment management company now holds a total of 1,297,400 shares of OneMain Holdings Inc which is valued at $26,635,622 after selling 22,770 shares in OneMain Holdings Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.OneMain Holdings Inc makes up approximately 34.79% of Key Colony Management’s portfolio.

Other Hedge Funds, Including , Price T Rowe Associates Inc Md boosted its stake in OMF in the latest quarter, The investment management firm added 4,400 additional shares and now holds a total of 23,017 shares of OneMain Holdings Inc which is valued at $472,539.Advisor Group reduced its stake in OMF by selling 25 shares or 39.68% in the most recent quarter. The Hedge Fund company now holds 38 shares of OMF which is valued at $663.Blackrock Investment Management boosted its stake in OMF in the latest quarter, The investment management firm added 1,793 additional shares and now holds a total of 27,910 shares of OneMain Holdings Inc which is valued at $769,479. Capital Fund Management S.a. added OMF to its portfolio by purchasing 79,721 company shares during the most recent quarter which is valued at $2,197,908. OneMain Holdings Inc makes up approx 0.04% of Capital Fund Management S.a.’s portfolio. Prentiss Smith Co Inc added OMF to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $29,760. OneMain Holdings Inc makes up approx 0.02% of Prentiss Smith Co Inc’s portfolio.

On the company’s financial health, OneMain Holdings Inc reported $0.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.16 based on the information available during the earnings call on Nov 7, 2016. Analyst had a consensus of $1.06.Analysts expectations of $ 802.18.During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on OneMain Holdings Inc. Shares were Downgraded by Barclays on Nov 10, 2016 to ” Equal Weight” and Lowered the Price Target to $ 19 from a previous price target of $36 .Shares were Downgraded by FBR & Co. on Nov 8, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 26 from a previous price target of $40 .OneMain Holdings Inc was Downgraded by Keefe Bruyette to ” Mkt Perform” on Nov 8, 2016.

OneMain Holdings Inc. formerly Springleaf Holdings Inc. (SHI) is a consumer financial services holding company. The Company provides responsible loan products to customers through its branch network and through its centralized operations. The Company operates its business through three segments: Consumer and Insurance; Acquisitions and Servicing and Real Estate. The Company originates and services secured and unsecured personal loans and offer voluntary credit insurance and related products through its branch network and its centralized operations. The Company pursues strategic acquisitions of loan portfolios through its Springleaf Acquisitions division. Springleaf Finance Inc. (SFI) is the subsidiary of the Company. SFI’s subsidiary is Springleaf Finance Corporation (SFC) which is a financial services holding company with subsidiaries engaged in the consumer finance and credit insurance businesses.

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