Canada Pension Plan Investment Board buys $114,253,043 stake in NVR (NVR)

NVR (NVR) : Canada Pension Plan Investment Board scooped up 24,590 additional shares in NVR during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 67,250 shares of NVR which is valued at $114,253,043.NVR makes up approximately 0.44% of Canada Pension Plan Investment Board’s portfolio.

Other Hedge Funds, Including , Bluemountain Capital Management added NVR to its portfolio by purchasing 759 company shares during the most recent quarter which is valued at $1,289,488. NVR makes up approx 0.04% of Bluemountain Capital Management’s portfolio. Investors Capital Advisory Services sold out all of its stake in NVR during the most recent quarter. The investment firm sold 123 shares of NVR which is valued $206,880.Oregon Public Employees Retirement Fund reduced its stake in NVR by selling 61 shares or 3.8% in the most recent quarter. The Hedge Fund company now holds 1,543 shares of NVR which is valued at $2,595,249. NVR makes up approx 0.06% of Oregon Public Employees Retirement Fund’s portfolio.Todd Asset Management reduced its stake in NVR by selling 2,296 shares or 7.38% in the most recent quarter. The Hedge Fund company now holds 28,804 shares of NVR which is valued at $48,446,888. NVR makes up approx 1.49% of Todd Asset Management’s portfolio.

NVR opened for trading at $1683.96 and hit $1707.35 on the upside on Tuesday, eventually ending the session at $1696.86, with a gain of 0.97% or 16.37 points. The heightened volatility saw the trading volume jump to 29,328 shares. Company has a market cap of $6,611 M.

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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