Serengeti Asset Management Lp adds OneMain Holdings Inc (OMF) to its portfolio

OneMain Holdings Inc (OMF) : Serengeti Asset Management Lp added new position in OneMain Holdings Inc during the most recent quarter end. The investment management firm now holds 50,000 shares of OneMain Holdings Inc which is valued at $1,446,000 , the company said in a statement filed on Aug 15, 2016 with the SEC.OneMain Holdings Inc makes up approximately 0.90% of Serengeti Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Millennium Management sold out all of its stake in OMF during the most recent quarter. The investment firm sold 71,332 shares of OMF which is valued $2,062,921.Tiaa Cref Investment Management boosted its stake in OMF in the latest quarter, The investment management firm added 86,742 additional shares and now holds a total of 220,341 shares of OneMain Holdings Inc which is valued at $6,372,262.Blackrock Group Ltd reduced its stake in OMF by selling 9,957 shares or 17.54% in the most recent quarter. The Hedge Fund company now holds 46,804 shares of OMF which is valued at $1,353,572.Blackrock Japan Ltd reduced its stake in OMF by selling 13,525 shares or 82.6% in the most recent quarter. The Hedge Fund company now holds 2,849 shares of OMF which is valued at $82,393.Standard Life Investments Ltd reduced its stake in OMF by selling 362,034 shares or 19.43% in the most recent quarter. The Hedge Fund company now holds 1,500,963 shares of OMF which is valued at $43,107,657. OneMain Holdings Inc makes up approx 0.19% of Standard Life Investments Ltd’s portfolio.

On the company’s financial health, OneMain Holdings Inc reported $0.96 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $1.00.Analysts expectations of $ 767.51.During the same quarter in the previous year, the company posted $0.38 EPS.

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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