Kingstown Capital Management LP Position in New Residential Invt Corp (NRZ) Cut by $12.00 Million

Investors sentiment increased to 1.43 in Q3 2018. Its up 0.28, from 1.15 in 2018Q2. It improved, as 32 investors sold NRZ shares while 64 reduced holdings. 52 funds opened positions while 85 raised stakes. 157.56 million shares or 0.19% less from 157.86 million shares in 2018Q2 were reported. Nordea Mngmt accumulated 222,426 shares. Barclays Pcl invested in 0% or 87,054 shares. Connor Clark Lunn Mngmt Ltd holds 0.05% or 476,760 shares in its portfolio. Eagle Asset holds 0.09% or 999,498 shares in its portfolio. Moreover, North Star Inv Management has 0% invested in New Residential Investment Corp. (NYSE:NRZ). 279 are owned by Wilbanks Smith And Thomas Asset Mngmt Lc. First Trust Advsrs Lp accumulated 1.47M shares. Salem Inv Counselors Incorporated reported 0% stake. Monetary Mgmt accumulated 41,400 shares. 428,471 were reported by Susquehanna Grp Incorporated Ltd Liability Partnership. Wesbanco National Bank & Trust stated it has 10,100 shares or 0.01% of all its holdings. Schroder Inv holds 0% in New Residential Investment Corp. (NYSE:NRZ) or 16,834 shares. Fin Architects Incorporated reported 1,523 shares. Virginia Retirement Et Al accumulated 129,100 shares. Lsv Asset Mgmt reported 0.02% in New Residential Investment Corp. (NYSE:NRZ).

Kingstown Capital Management Lp decreased its stake in New Residential Invt Corp (NRZ) by 25% based on its latest 2018Q3 regulatory filing with the SEC. Kingstown Capital Management Lp sold 750,000 shares as the company’s stock declined 10.08% with the market. The hedge fund held 2.25M shares of the real estate investment trusts company at the end of 2018Q3, valued at $37.64M, down from 3.00 million at the end of the previous reported quarter. Kingstown Capital Management Lp who had been investing in New Residential Invt Corp for a number of months, seems to be less bullish one the $5.79B market cap company. The stock increased 0.44% or $0.07 during the last trading session, reaching $15.85. About 2.13M shares traded. New Residential Investment Corp. (NYSE:NRZ) has declined 6.97% since January 14, 2018 and is downtrending. It has underperformed by 6.97% the S&P500.

Kingstown Capital Management Lp, which manages about $1.19 billion and $843.25M US Long portfolio, upped its stake in Cars Com Inc by 1.75M shares to 2.25M shares, valued at $59.87M in 2018Q3, according to the filing.

Analysts await New Residential Investment Corp. (NYSE:NRZ) to report earnings on February, 12. They expect $0.55 earnings per share, down 9.84 % or $0.06 from last year’s $0.61 per share. NRZ’s profit will be $200.95 million for 7.20 P/E if the $0.55 EPS becomes a reality. After $0.63 actual earnings per share reported by New Residential Investment Corp. for the previous quarter, Wall Street now forecasts -12.70 % negative EPS growth.

More notable recent New Residential Investment Corp. (NYSE:NRZ) news were published by: Seekingalpha.com which released: “New Residential’s Q3 Earnings Report And Secondary Provide A Great Entry Point – Seeking Alpha” on November 04, 2018, also Seekingalpha.com with their article: “The Risks Of The MSR Model – Seeking Alpha” published on September 09, 2018, Seekingalpha.com published: “Was The Sell-Off In New Residential Warranted Or Not? – Seeking Alpha” on July 28, 2018. More interesting news about New Residential Investment Corp. (NYSE:NRZ) were released by: Globenewswire.com and their article: “Analysis: Positioning to Benefit within RE/MAX, New Residential Investment, General Motors, Summit Hotel Properties, CorEnergy Infrastructure Trust, and Colgate-Palmolive — Research Highlights Growth, Revenue, and Consolidated Results – GlobeNewswire” published on November 06, 2018 as well as Seekingalpha.com‘s news article titled: “New Residential Investment: Don’t Panic And Buy The Drop – Seeking Alpha” with publication date: December 15, 2018.

New Residential Investment Corp. (NYSE:NRZ) Ratings Coverage

Among 2 analysts covering New Residential Inv (NYSE:NRZ), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. New Residential Inv had 2 analyst reports since July 25, 2018 according to SRatingsIntel. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, July 25 report.

New Residential Investment Corp. (NYSE:NRZ) Ratings Chart

(adsbygoogle = window.adsbygoogle || []).push({});

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.