Irsa Inversiones Y Rep S A (IRS) Position Has Upped by Vr Advisory Services Ltd; As New Residential Investment (NRZ) Market Value Rose, Ares Management Lowered Its Holding

August 10, 2018 - By Mary Bollinger

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Logo

Vr Advisory Services Ltd increased its stake in Irsa Inversiones Y Rep S A (IRS) by 8.01% based on its latest 2018Q1 regulatory filing with the SEC. Vr Advisory Services Ltd bought 121,383 shares as the company’s stock declined 26.68% with the market. The institutional investor held 1.64 million shares of the homebuilding company at the end of 2018Q1, valued at $38.71 million, up from 1.52M at the end of the previous reported quarter. Vr Advisory Services Ltd who had been investing in Irsa Inversiones Y Rep S A for a number of months, seems to be bullish on the $1.09B market cap company. The stock decreased 1.37% or $0.24 during the last trading session, reaching $17.22. About 15,452 shares traded. IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) has declined 17.35% since August 10, 2017 and is downtrending. It has underperformed by 29.92% the S&P500. Some Historical IRS News: 12/03/2018 Research Report Identifies Essent Group, BanColombia S.A, Aegon NV, Delphi Technologies, IRSA Inversiones Y Representaciones S; 15/05/2018 – Capital TV: #BREAKING: The water shortage in the country rises from 31% to 42%, reveals Irsa advisory committee during its meet; 10/05/2018 – IRSA 9M NET INCOME ARS11.29B

Ares Management Llc decreased its stake in New Residential Investment (NRZ) by 68.98% based on its latest 2018Q1 regulatory filing with the SEC. Ares Management Llc sold 175,000 shares as the company’s stock rose 8.06% while stock markets declined. The institutional investor held 78,700 shares of the real estate investment trusts company at the end of 2018Q1, valued at $1.30M, down from 253,700 at the end of the previous reported quarter. Ares Management Llc who had been investing in New Residential Investment for a number of months, seems to be less bullish one the $6.15 billion market cap company. The stock increased 0.39% or $0.07 during the last trading session, reaching $18.08. About 1.36M shares traded. New Residential Investment Corp. (NYSE:NRZ) has risen 9.56% since August 10, 2017 and is uptrending. It has underperformed by 3.01% the S&P500. Some Historical NRZ News: 27/04/2018 – New Residential Invt 1Q Net $604.3M; 15/05/2018 – ALTISOURCE PORTFOLIO SOLUTIONS SA-ON MAY 8, UNIT, NEW RESIDENTIAL INVESTMENT ENTERED AMENDMENT TO PREVIOUSLY DISCLOSED NON-BINDING LOI DATED AUGUST 28; 27/04/2018 – New Residential Invt 1Q EPS $1.81; 21/04/2018 – DJ New Residential Investment Corp, Inst Holders, 1Q 2018 (NRZ); 22/03/2018 – New Residential Declares a First Quarter Dividend of $0.50 per Common Share; 28/03/2018 – NEW RESIDENTIAL INVESTMENT- UNIT ISSUED $425 MLN OF BALANCE OF SERVICER ADVANCE RECEIVABLES, DEFERRED SERVICING FEE BACKED VARIABLE FUNDING NOTES; 13/03/2018 MOODY’S AFFIRMS ALTISOURCE’S B3 RATINGS, REVISES OUTLOOK TO POSITIVE; 28/03/2018 – NEW RESIDENTIAL INVESTMENT CORP – ON MARCH 22, CO, UNITS ENTERED INTO A FINANCING TRANSACTION – SEC FILING; 27/04/2018 – NEW RESIDENTIAL INVESTMENT CORP QUARTERLY NET INTEREST INCOME $259.2 MLN VS $235.3 MLN IN THE PRIOR QUARTER

Among 2 analysts covering IRSA Inversiones (NYSE:IRS), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. IRSA Inversiones had 5 analyst reports since August 11, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, September 7 by Zacks. Morgan Stanley downgraded IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) on Tuesday, August 11 to “Overweight” rating. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, November 23. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Thursday, July 21. Morgan Stanley downgraded the shares of IRS in report on Thursday, February 8 to “Hold” rating.

Vr Advisory Services Ltd, which manages about $2.52B and $190.44M US Long portfolio, decreased its stake in Cresud S A C I F Y A (NASDAQ:CRESY) by 117,983 shares to 473,312 shares, valued at $9.54 million in 2018Q1, according to the filing.

More news for IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) were recently published by: Seekingalpha.com, which released: “Getting It Right – Significant Underestimation Of Income” on August 06, 2018. Seekingalpha.com‘s article titled: “Top 50 High Yield Real Estate WallStars Show Gains To 89.2% For August 2019” and published on August 08, 2018 is yet another important article.

More recent New Residential Investment Corp. (NYSE:NRZ) news were published by: Seekingalpha.com which released: “More on New Residential Q2: Acquires MSRs about $20B UPB for $245M” on July 26, 2018. Also Globenewswire.com published the news titled: “Report: Developing Opportunities within New Residential Investment, Danaher, American Electric Power, Energen …” on August 09, 2018. Seekingalpha.com‘s news article titled: “New Residential Investment Corp. (NRZ) CEO Michael Nierenberg on Q2 2018 Results – Earnings Call Transcript” with publication date: July 26, 2018 was also an interesting one.

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 25 analyst reports since August 12, 2015 according to SRatingsIntel. Piper Jaffray maintained the stock with “Buy” rating in Monday, July 24 report. The stock has “Buy” rating by Piper Jaffray on Thursday, November 30. Piper Jaffray maintained the shares of NRZ in report on Thursday, October 26 with “Buy” rating. The stock of New Residential Investment Corp. (NYSE:NRZ) earned “Overweight” rating by Barclays Capital on Wednesday, August 10. FBR Capital maintained New Residential Investment Corp. (NYSE:NRZ) rating on Tuesday, February 13. FBR Capital has “Buy” rating and $19.25 target. The rating was maintained by Keefe Bruyette & Woods on Tuesday, September 12 with “Buy”. JMP Securities initiated the shares of NRZ in report on Wednesday, December 23 with “Mkt Outperform” rating. The stock has “Sell” rating by Zacks on Wednesday, August 12. The firm has “Overweight” rating given on Monday, October 19 by Piper Jaffray. FBR Capital maintained the shares of NRZ in report on Friday, June 23 with “Buy” rating.

Investors sentiment increased to 1.97 in 2018 Q1. Its up 0.66, from 1.31 in 2017Q4. It increased, as 20 investors sold NRZ shares while 57 reduced holdings. 44 funds opened positions while 108 raised stakes. 152.50 million shares or 9.96% more from 138.68 million shares in 2017Q4 were reported. Advisory Svcs Network Lc owns 5,654 shares for 0.01% of their portfolio. State Of Alaska Department Of Revenue, a Alaska-based fund reported 26,070 shares. Cipher Lp reported 0.08% in New Residential Investment Corp. (NYSE:NRZ). Penn Mutual Life holds 9.42% of its portfolio in New Residential Investment Corp. (NYSE:NRZ) for 797,000 shares. Advsrs Capital Mngmt Ltd invested in 922,605 shares. Manitoba – Canada-based Great West Life Assurance Can has invested 0% in New Residential Investment Corp. (NYSE:NRZ). Telemus Lc reported 408,250 shares. Hudock Capital Gp Limited Liability Com accumulated 112 shares. Manufacturers Life Insurance The holds 0% in New Residential Investment Corp. (NYSE:NRZ) or 19,556 shares. Metropolitan Life Ny holds 9,606 shares or 0% of its portfolio. Morgan Stanley reported 2.65 million shares. Public Employees Retirement Association Of Colorado has 44,900 shares for 0% of their portfolio. Parametric Portfolio Assocs Limited Liability Company has 500,128 shares. Doheny Asset Mngmt Ca holds 4.96% of its portfolio in New Residential Investment Corp. (NYSE:NRZ) for 574,150 shares. New York-based Grisanti Capital Mgmt Ltd Company has invested 0.08% in New Residential Investment Corp. (NYSE:NRZ).

Analysts await New Residential Investment Corp. (NYSE:NRZ) to report earnings on October, 26. They expect $0.56 EPS, down 12.50% or $0.08 from last year’s $0.64 per share. NRZ’s profit will be $190.33 million for 8.07 P/E if the $0.56 EPS becomes a reality. After $0.58 actual EPS reported by New Residential Investment Corp. for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.

Ares Management Llc, which manages about $35.87 billion and $3.14 billion US Long portfolio, upped its stake in Apollo Investment Corp (NASDAQ:AINV) by 1.09M shares to 3.50 million shares, valued at $18.26M in 2018Q1, according to the filing. It also increased its holding in New Mountain Finance Corp (NYSE:NMFC) by 501,141 shares in the quarter, for a total of 1.16M shares, and has risen its stake in Solar Capital Ltd (NASDAQ:SLRC).

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

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