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New Residential Invt (NRZ) Holder Whitebox Advisors Has Trimmed Its Position by $9.37 Million; Novare Capital Management Has Upped Its Lowes Companies (LOW) Holding by $322,092; Stock Price Declined

Lowe's Companies, Inc. (NYSE:LOW) Logo

Novare Capital Management Llc increased its stake in Lowes Companies (LOW) by 14.89% based on its latest 2017Q4 regulatory filing with the SEC. Novare Capital Management Llc bought 3,501 shares as the company’s stock declined 5.74% with the market. The institutional investor held 27,008 shares of the consumer services company at the end of 2017Q4, valued at $2.51 million, up from 23,507 at the end of the previous reported quarter. Novare Capital Management Llc who had been investing in Lowes Companies for a number of months, seems to be bullish on the $71.30B market cap company. The stock increased 1.02% or $0.87 during the last trading session, reaching $86.34. About 5.82 million shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.39% since May 20, 2017 and is uptrending. It has underperformed by 6.16% the S&P500.

Andy Redleaf decreased its stake in New Residential Invt Corp (NRZ) by 66.55% based on its latest 2017Q4 regulatory filing with the SEC. Whitebox Advisors Llc sold 551,470 shares as the company’s stock declined 8.26% with the market. The hedge fund run by Andy Redleaf held 277,198 shares of the real estate investment trusts company at the end of 2017Q4, valued at $4.96 million, down from 828,668 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 $6.07B market cap company. The stock increased 0.28% or $0.05 during the last trading session, reaching $18.06. About 1.53M shares traded. New Residential Investment Corp. (NYSE:NRZ) has risen 0.90% since May 20, 2017 and is uptrending. It has underperformed by 10.65% the S&P500.

Whitebox Advisors Llc, which manages about $8.40B and $3.55 billion US Long portfolio, upped its stake in Beazer Homes Usa Inc (NYSE:BZH) by 39,507 shares to 73,107 shares, valued at $1.40M in 2017Q4, according to the filing. It also increased its holding in Tenet Healthcare Corp (NYSE:THC) by 109,947 shares in the quarter, for a total of 469,529 shares, and has risen its stake in Microchip Technology Inc (Prn).

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 rating was maintained by Barclays Capital with “Overweight” on Tuesday, October 24. The company was initiated on Wednesday, December 23 by JMP Securities. The stock of New Residential Investment Corp. (NYSE:NRZ) earned “Sell” rating by Zacks on Wednesday, August 12. The stock of New Residential Investment Corp. (NYSE:NRZ) earned “Buy” rating by FBR Capital on Monday, July 10. The rating was maintained by FBR Capital on Tuesday, February 13 with “Buy”. The stock of New Residential Investment Corp. (NYSE:NRZ) earned “Overweight” rating by Piper Jaffray on Monday, October 19. Barclays Capital maintained it with “Overweight” rating and $16 target in Wednesday, August 10 report. The firm earned “Buy” rating on Tuesday, September 12 by Keefe Bruyette & Woods. Piper Jaffray reinitiated the shares of NRZ in report on Friday, September 9 with “Overweight” rating. The stock has “Outperform” rating by FBR Capital on Thursday, February 25.

More recent New Residential Investment Corp. (NYSE:NRZ) news were published by: Seekingalpha.com which released: “New Residential tops estimates and payout” on April 27, 2018. Also Prnewswire.com published the news titled: “This Morning’s Research Reports on REIT Stocks — Mid-America Apartment Communities, New Residential Investment …” on April 23, 2018. Seekingalpha.com‘s news article titled: “New Residential Investment’s (NRZ) CEO Michael Nierenberg on Q1 2018 Results – Earnings Call Transcript” with publication date: April 27, 2018 was also an interesting one.

Investors sentiment decreased to 1.31 in 2017 Q4. Its down 0.09, from 1.4 in 2017Q3. It worsened, as 27 investors sold NRZ shares while 68 reduced holdings. 36 funds opened positions while 88 raised stakes. 138.68 million shares or 3.46% less from 143.66 million shares in 2017Q3 were reported. Chicago Equity Prtnrs Ltd Liability Co invested in 0.58% or 1.06 million shares. Prescott Grp Capital Mngmt Llc accumulated 15,624 shares. Wellington Shields Cap Mngmt Limited Com stated it has 34,050 shares or 0.09% of all its holdings. Advsrs Cap Management Ltd Limited Liability Company holds 1.29% or 911,058 shares. Investment Advsr reported 1.62% stake. Millennium Mgmt Limited Liability Co accumulated 0.06% or 2.35 million shares. Employees Retirement Sys Of Ohio has invested 0.01% in New Residential Investment Corp. (NYSE:NRZ). Dreman Value Mgmt L L C holds 24,976 shares or 0.25% of its portfolio. Stifel Fincl has 0.01% invested in New Residential Investment Corp. (NYSE:NRZ). Robeco Institutional Asset Bv holds 0% or 19,328 shares in its portfolio. Teacher Retirement Of Texas stated it has 0.01% of its portfolio in New Residential Investment Corp. (NYSE:NRZ). Orinda Asset Mngmt Limited Co holds 45,000 shares. Jpmorgan Chase & Com accumulated 36,087 shares or 0% of the stock. Edge Wealth Mngmt Ltd Llc holds 0.01% or 1,160 shares. North Star Investment has invested 0% in New Residential Investment Corp. (NYSE:NRZ).

Analysts await New Residential Investment Corp. (NYSE:NRZ) to report earnings on July, 30. They expect $0.57 EPS, down 44.66% or $0.46 from last year’s $1.03 per share. NRZ’s profit will be $191.61M for 7.92 P/E if the $0.57 EPS becomes a reality. After $0.58 actual EPS reported by New Residential Investment Corp. for the previous quarter, Wall Street now forecasts -1.72% negative EPS growth.

Investors sentiment decreased to 1.01 in 2017 Q4. Its down 0.03, from 1.04 in 2017Q3. It dived, as 48 investors sold LOW shares while 437 reduced holdings. 138 funds opened positions while 351 raised stakes. 585.84 million shares or 0.67% less from 589.78 million shares in 2017Q3 were reported. Bank Of Mellon Corporation accumulated 8.54M shares or 0.21% of the stock. Schwartz Investment Counsel accumulated 580,300 shares or 3.19% of the stock. Cambridge Inv Research Advsrs reported 94,728 shares. Sumitomo Mitsui Asset Mgmt has 0.13% invested in Lowe's Companies, Inc. (NYSE:LOW) for 95,017 shares. Violich Capital Management Inc holds 0.35% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW) for 14,756 shares. The Louisiana-based Louisiana State Employees Retirement has invested 0.21% in Lowe's Companies, Inc. (NYSE:LOW). Sterling Capital Ltd Limited Liability Company has 975,194 shares. Sii Invs Wi invested in 8,218 shares. Signaturefd Ltd Liability invested in 68,177 shares or 0.76% of the stock. Lee Danner & Bass Incorporated holds 128,183 shares. The Australia-based Magellan Asset Ltd has invested 7.57% in Lowe's Companies, Inc. (NYSE:LOW). Ironwood Finance Ltd Liability Corporation has invested 0.01% in Lowe's Companies, Inc. (NYSE:LOW). Earnest Prtnrs Ltd Liability holds 0% or 395 shares. New York-based Kingdon Cap Mgmt Ltd Llc has invested 0.48% in Lowe's Companies, Inc. (NYSE:LOW). Daiwa Secs Grp holds 26,379 shares.

Among 36 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 23 have Buy rating, 0 Sell and 13 Hold. Therefore 64% are positive. Lowe’s Companies Inc. had 98 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Outperform” rating by BMO Capital Markets on Monday, August 22. The stock has “Outperform” rating by Telsey Advisory Group on Thursday, January 25. As per Monday, January 22, the company rating was upgraded by Bernstein. As per Friday, September 29, the company rating was maintained by Piper Jaffray. The company was upgraded on Friday, January 5 by Barclays Capital. Oppenheimer maintained Lowe's Companies, Inc. (NYSE:LOW) rating on Wednesday, August 23. Oppenheimer has “Buy” rating and $100.0 target. Jefferies maintained the shares of LOW in report on Wednesday, August 23 with “Hold” rating. The rating was maintained by Piper Jaffray with “Hold” on Wednesday, February 28. The firm earned “Outperform” rating on Monday, November 27 by Raymond James. On Wednesday, February 28 the stock rating was maintained by Guggenheim with “Buy”.

Novare Capital Management Llc, which manages about $695.33 million and $587.43 million US Long portfolio, decreased its stake in Wells Fargo & Company (NYSE:WFC) by 5,429 shares to 5,753 shares, valued at $349,000 in 2017Q4, according to the filing. It also reduced its holding in Oneok Inc New (NYSE:OKE) by 20,125 shares in the quarter, leaving it with 57,982 shares, and cut its stake in Paypal Holdings.

More notable recent Lowe's Companies, Inc. (NYSE:LOW) news were published by: Globenewswire.com which released: “Investigation Relating to 401(k) Plan of Lowe’s Companies, Inc. (NYSE:LOW) Announced by Stull, Stull & Brody” on May 12, 2018, also Seekingalpha.com with their article: “Lowe’s Could Easily Double Its Dividend” published on May 13, 2018, Seekingalpha.com published: “Spotlight On Gambling Reset And Banking Bill” on May 19, 2018. More interesting news about Lowe's Companies, Inc. (NYSE:LOW) were released by: Bizjournals.com and their article: “Craftsman tools now stocked in Lowe’s stores” published on May 14, 2018 as well as Bizjournals.com‘s news article titled: “Lowe’s confirmed as tenant at former Owings Mills Mall site” with publication date: April 30, 2018.

Lowe's Companies, Inc. (NYSE:LOW) Institutional Positions Chart

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