Advisory Services Network Lowers stake in NVR (NVR)

NVR (NVR) : Advisory Services Network reduced its stake in NVR by 2.07% during the most recent quarter end. The investment management company now holds a total of 331 shares of NVR which is valued at $536,250 after selling 7 shares in NVR , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.NVR makes up approximately 0.10% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Independent Portfolio Consultants reduced its stake in NVR by selling 55 shares or 5.7% in the most recent quarter. The Hedge Fund company now holds 910 shares of NVR which is valued at $1,472,507. NVR makes up approx 0.46% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in NVR by selling 1,951 shares or 47.83% in the most recent quarter. The Hedge Fund company now holds 2,128 shares of NVR which is valued at $3,443,402. NVR makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Washington Trust Bank reduced its stake in NVR by selling 5 shares or 5.32% in the most recent quarter. The Hedge Fund company now holds 89 shares of NVR which is valued at $144,014. NVR makes up approx 0.03% of Washington Trust Bank’s portfolio.

NVR closed down -11.87 points or -0.73% at $1620.09 with 26,541 shares getting traded on Friday. Post opening the session at $1636.69, the shares hit an intraday low of $1617.01 and an intraday high of $1640 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Many Wall Street Analysts have commented on NVR. NVR was Initiated by Wells Fargo to “Market Perform” on Sep 29, 2016.

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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