BNP Paribas Arbitrage SA Has $3,490,000 Stake in NVR Inc. (NVR)
BNP Paribas Arbitrage SA cut its position in shares of NVR Inc. (NYSE:NVR) by 47.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,128 shares of the company’s stock after selling 1,951 shares during the period. BNP Paribas Arbitrage SA owned about 0.05% of NVR worth $3,490,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in NVR. Hennessy Advisors Inc. boosted its stake in shares of NVR by 3.2% in the second quarter. Hennessy Advisors Inc. now owns 22,414 shares of the company’s stock worth $39,905,000 after buying an additional 700 shares during the period. HL Financial Services LLC boosted its stake in shares of NVR by 0.5% in the second quarter. HL Financial Services LLC now owns 1,730 shares of the company’s stock worth $3,080,000 after buying an additional 8 shares during the period. Concert Wealth Management Inc. boosted its stake in shares of NVR by 2.3% in the second quarter. Concert Wealth Management Inc. now owns 135 shares of the company’s stock worth $244,000 after buying an additional 3 shares during the period. Victory Capital Management Inc. boosted its stake in shares of NVR by 142.8% in the second quarter. Victory Capital Management Inc. now owns 59,876 shares of the company’s stock worth $106,599,000 after buying an additional 35,218 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of NVR by 5.0% in the second quarter. PNC Financial Services Group Inc. now owns 209 shares of the company’s stock worth $372,000 after buying an additional 10 shares during the period. 79.26% of the stock is owned by hedge funds and other institutional investors.
Shares of NVR Inc. (NYSE:NVR) traded up 1.15% during midday trading on Tuesday, hitting $1613.38. 22,538 shares of the stock were exchanged. The company has a market cap of $6.11 billion, a PE ratio of 16.44 and a beta of 0.51. NVR Inc. has a 12-month low of $1,462.02 and a 12-month high of $1,845.37. The firm has a 50-day moving average price of $1,563.11 and a 200-day moving average price of $1,667.37.
NVR (NYSE:NVR) last announced its quarterly earnings data on Thursday, October 20th. The company reported $28.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $29.46 by $1.00. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.56 billion. NVR had a return on equity of 31.70% and a net margin of 7.36%. NVR’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business earned $27.11 earnings per share. On average, equities analysts predict that NVR Inc. will post $99.23 EPS for the current year.
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NVR has been the subject of a number of research reports. Zacks Investment Research cut shares of NVR from a “hold” rating to a “sell” rating in a research report on Tuesday, October 25th. Wells Fargo & Co. began coverage on shares of NVR in a report on Wednesday, September 28th. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $1,713.50.
In other NVR news, Director David A. Preiser sold 600 shares of the firm’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $1,504.33, for a total transaction of $902,598.00. Following the completion of the transaction, the director now directly owns 271 shares of the company’s stock, valued at approximately $407,673.43. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 10.20% of the company’s stock.
NVR Company Profile
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. The Company’s mortgage banking operations are operated primarily through a subsidiary, NVR Mortgage Finance, Inc (NVRM).
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