Bluemountain Capital Management Has Lifted Its Old Rep Intl (ORI) Holding by $2.35 Million as Market Valuation Declined; New Residential Invt (NRZ) Holder Kingstown Capital Management LP Decreased Holding

February 22, 2018 - By Darrin Black

Michael Blitzer decreased its stake in New Residential Invt Corp (NRZ) by 25% based on its latest 2017Q3 regulatory filing with the SEC. Kingstown Capital Management Lp sold 750,000 shares as the company’s stock declined 0.74% while stock markets rallied. The hedge fund run by Michael Blitzer held 2.25 million shares of the real estate investment trusts company at the end of 2017Q3, 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 $5.59 billion market cap company. The stock increased 0.18% or $0.03 during the last trading session, reaching $16.64. About 342,377 shares traded. New Residential Investment Corp. (NYSE:NRZ) has risen 22.04% since February 22, 2017 and is uptrending. It has outperformed by 5.34% the S&P500.

Andrew Feldstein increased its stake in Old Rep Intl Corp (ORI) by 556.27% based on its latest 2017Q3 regulatory filing with the SEC. Bluemountain Capital Management Llc bought 123,542 shares as the company’s stock declined 4.80% while stock markets rallied. The hedge fund run by Andrew Feldstein held 145,751 shares of the property-casualty insurers company at the end of 2017Q3, valued at $2.87 million, up from 22,209 at the end of the previous reported quarter. Bluemountain Capital Management Llc who had been investing in Old Rep Intl Corp for a number of months, seems to be bullish on the $5.44 billion market cap company. The stock decreased 0.27% or $0.06 during the last trading session, reaching $20.38. About 429,981 shares traded. Old Republic International Corporation (NYSE:ORI) has risen 3.53% since February 22, 2017 and is uptrending. It has underperformed by 13.17% the S&P500.

Since February 15, 2018, it had 1 insider buy, and 0 selling transactions for $102,150 activity.

Bluemountain Capital Management Llc, which manages about $27.77 billion and $4.88B US Long portfolio, decreased its stake in New Residential Invt Corp (NYSE:NRZ) by 76,774 shares to 125,855 shares, valued at $2.11M in 2017Q3, according to the filing. It also reduced its holding in Hancock Hldg Co (NASDAQ:HBHC) by 8,135 shares in the quarter, leaving it with 21,555 shares, and cut its stake in Koninklijke Philips N V (NYSE:PHG).

Among 2 analysts covering Old Republic Intl (NYSE:ORI), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Old Republic Intl had 2 analyst reports since October 30, 2017 according to SRatingsIntel. JMP Securities upgraded the shares of ORI in report on Monday, February 12 to “Outperform” rating. The firm has “Strong Buy” rating by Raymond James given on Monday, October 30.

Investors sentiment decreased to 1.13 in 2017 Q3. Its down 0.11, from 1.24 in 2017Q2. It turned negative, as 30 investors sold ORI shares while 96 reduced holdings. 35 funds opened positions while 107 raised stakes. 181.64 million shares or 1.48% less from 184.36 million shares in 2017Q2 were reported. Barclays Public Ltd Com has invested 0% in Old Republic International Corporation (NYSE:ORI). Gsa Capital Ptnrs Limited Liability Partnership holds 0.07% of its portfolio in Old Republic International Corporation (NYSE:ORI) for 52,284 shares. Ajo Lp has 0.01% invested in Old Republic International Corporation (NYSE:ORI). 1.60 million were reported by Amundi Pioneer Asset Mgmt. Dekabank Deutsche Girozentrale reported 7,999 shares or 0% of all its holdings. 168,837 were accumulated by Quantitative Systematic Strategies Limited Liability Company. Cornerstone Cap Mgmt invested in 0% or 1,762 shares. 19,100 were accumulated by Legg Mason Asset Mngmt (Japan) Ltd. Raymond James Finance Services Advsr stated it has 0.03% of its portfolio in Old Republic International Corporation (NYSE:ORI). Spc Financial reported 0.36% in Old Republic International Corporation (NYSE:ORI). Salem Investment Counselors Incorporated reported 37,978 shares. Regions Financial, a Alabama-based fund reported 562,289 shares. Natixis holds 538,790 shares or 0.1% of its portfolio. Brookstone Mngmt owns 16,783 shares. Sheets Smith Wealth Mngmt holds 0.08% of its portfolio in Old Republic International Corporation (NYSE:ORI) for 15,538 shares.

Analysts await New Residential Investment Corp. (NYSE:NRZ) to report earnings on May, 7. They expect $0.55 earnings per share, up 1.85% or $0.01 from last year’s $0.54 per share. NRZ’s profit will be $184.86M for 7.56 P/E if the $0.55 EPS becomes a reality. After $0.61 actual earnings per share reported by New Residential Investment Corp. for the previous quarter, Wall Street now forecasts -9.84% negative EPS growth.

Among 8 analysts covering New Residential Investment Corp (NYSE:NRZ), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. New Residential Investment Corp had 24 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of New Residential Investment Corp. (NYSE:NRZ) has “Outperform” rating given on Thursday, February 25 by FBR Capital. Wedbush initiated New Residential Investment Corp. (NYSE:NRZ) rating on Thursday, October 6. Wedbush has “Outperform” rating and $17 target. The stock of New Residential Investment Corp. (NYSE:NRZ) earned “Buy” rating by Piper Jaffray on Sunday, August 27. On Wednesday, August 10 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of New Residential Investment Corp. (NYSE:NRZ) has “Sell” rating given on Wednesday, August 12 by Zacks. On Wednesday, February 22 the stock rating was maintained by FBR Capital with “Outperform”. The firm earned “Buy” rating on Tuesday, September 12 by Keefe Bruyette & Woods. The stock has “Outperform” rating by Wedbush on Thursday, January 18. The firm has “Overweight” rating by Barclays Capital given on Tuesday, October 24. The rating was maintained by Piper Jaffray with “Buy” on Thursday, November 30.

Investors sentiment increased to 1.4 in 2017 Q3. Its up 0.28, from 1.12 in 2017Q2. It increased, as 31 investors sold NRZ shares while 67 reduced holdings. 37 funds opened positions while 100 raised stakes. 143.66 million shares or 1.96% more from 140.89 million shares in 2017Q2 were reported. 518,545 were reported by Fortress Investment Gru Limited Liability Company. First Allied Advisory Svcs holds 0.01% or 17,362 shares. Wade G W And Inc owns 14,587 shares. 17,900 are owned by Highvista Strategies Ltd Com. Millennium Mgmt Lc owns 3.70M shares. Kingstown Capital Management Limited Partnership has invested 4.46% in New Residential Investment Corp. (NYSE:NRZ). Investec Asset Mngmt North America Inc has invested 0.14% in New Residential Investment Corp. (NYSE:NRZ). West Family Invs Incorporated invested in 0.04% or 19,646 shares. Suntrust Banks accumulated 58,826 shares. Saratoga Management, a California-based fund reported 900 shares. Envestnet Asset Management owns 60,515 shares or 0% of their US portfolio. Monetary Mgmt Group Incorporated Incorporated accumulated 23,100 shares or 0.16% of the stock. Ngam Advisors Ltd Partnership owns 320,392 shares or 0.06% of their US portfolio. The Illinois-based North Star Mgmt Corp has invested 0% in New Residential Investment Corp. (NYSE:NRZ). Bluemountain Cap Management Limited Liability invested 0.04% of its portfolio in New Residential Investment Corp. (NYSE:NRZ).

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