New Residential Invt Corp (NRZ) Stock Value Rose While Whitebox Advisors LLC Lowered Stake

October 2, 2018 - By Michael Collier

Investors sentiment decreased to 1.15 in Q2 2018. Its down 0.82, from 1.97 in 2018Q1. It turned negative, as 29 investors sold NRZ shares while 78 reduced holdings. 47 funds opened positions while 76 raised stakes. 157.86 million shares or 3.52% more from 152.50 million shares in 2018Q1 were reported. The New York-based First Manhattan Communication has invested 0% in New Residential Investment Corp. (NYSE:NRZ). North Star Invest Mngmt Corporation, Illinois-based fund reported 100 shares. Quantitative Investment Management Ltd Liability Corp holds 0.1% of its portfolio in New Residential Investment Corp. (NYSE:NRZ) for 267,200 shares. Doheny Asset Mgmt Ca owns 554,600 shares. 778,961 were accumulated by California Pub Employees Retirement. 389,278 were accumulated by Whitebox Advisors Limited Company. Telemus Cap Ltd Liability Co holds 405,315 shares. 122,707 were reported by Lpl Financial Limited Liability Company. Retail Bank Of Montreal Can invested in 1.15 million shares. Clinton Group reported 144,461 shares. Glenmede Tru Na holds 0% of its portfolio in New Residential Investment Corp. (NYSE:NRZ) for 231 shares. Signaturefd Limited Liability Com owns 0.02% invested in New Residential Investment Corp. (NYSE:NRZ) for 8,088 shares. First Allied Advisory Services Inc reported 22,422 shares or 0.01% of all its holdings. Metropolitan Life New York holds 8,985 shares. The United Kingdom-based Barclays Public Llc has invested 0% in New Residential Investment Corp. (NYSE:NRZ).

Since June 26, 2018, it had 0 insider buys, and 1 insider sale for $6.21 million activity.

Whitebox Advisors Llc decreased its stake in New Residential Invt Corp (NRZ) by 35.48% based on its latest 2018Q2 regulatory filing with the SEC. Whitebox Advisors Llc sold 214,100 shares as the company’s stock rose 1.16% with the market. The hedge fund held 389,278 shares of the real estate investment trusts company at the end of 2018Q2, valued at $6.81 million, down from 603,378 at the end of the previous reported quarter. Whitebox Advisors Llc who had been investing in New Residential Invt Corp for a number of months, seems to be less bullish one the $6.04 billion market cap company. The stock decreased 0.22% or $0.04 during the last trading session, reaching $17.78. About 3.33 million shares traded or 26.50% up from the average. New Residential Investment Corp. (NYSE:NRZ) has risen 10.65% since October 2, 2017 and is uptrending. It has underperformed by 4.97% the S&P500.

Whitebox Advisors Llc, which manages about $8.40 billion and $3.10B US Long portfolio, upped its stake in Ambac Finl Group Inc (NASDAQ:AMBC) by 215,836 shares to 630,936 shares, valued at $12.52M in 2018Q2, according to the filing. It also increased its holding in Herbalife Ltd (Prn) by 22.50 million shares in the quarter, for a total of 30.50 million shares, and has risen its stake in Nxp Semiconductors N V (NASDAQ:NXPI).

Analysts await New Residential Investment Corp. (NYSE:NRZ) to report earnings on October, 26. They expect $0.56 earnings per share, down 12.50 % or $0.08 from last year’s $0.64 per share. NRZ’s profit will be $190.33M for 7.94 P/E if the $0.56 EPS becomes a reality. After $0.58 actual earnings per share reported by New Residential Investment Corp. for the previous quarter, Wall Street now forecasts -3.45 % negative EPS growth.

More news for New Residential Investment Corp. (NYSE:NRZ) were recently published by: Seekingalpha.com, which released: “The Risks Of The MSR Model” on September 09, 2018. Seekingalpha.com‘s article titled: “New Residential Investment declares $0.50 dividend” and published on September 20, 2018 is yet another important article.

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

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