13GD Ownership Change: Newcastle Investment Corp Has Another Bullish Trade, Fortress Operating Entity I Lp Bought Stake!

13GD Ownership Change: Newcastle Investment Corp Has Another Bullish Trade, Fortress Operating Entity I Lp Bought Stake!

The New Fortress Operating Entity I Lp Holding in Newcastle Investment Corp

Fortress Operating Entity I Lp filed with the SEC SC 13D/A form for Newcastle Investment Corp. The form can be accessed here: 000134100416001684. As reported in Fortress Operating Entity I Lp’s form, the filler as of late owns 7.7% or 5,513,959 shares of the Finance–company.

Newcastle Investment Corp stake is a new one for the and it was filed because of activity on October 2, 2016. We feel this shows Fortress Operating Entity I Lp’s positive view for the stock.

Newcastle Investment Corp Institutional Sentiment

Latest Security and Exchange filings show 94 investors own Newcastle Investment Corp. The institutional ownership in Q3 2015 is high, at 31.61% of the outstanding shares. This is decreased by 9366298 the total institutional shares. 21094886 were the shares owned by these institutional investors. In total 8 funds opened new Newcastle Investment Corp stakes, 27 increased stakes. There were 13 that closed positions and 32 reduced them.

Curtis Schenker And Craig Effron Scoggin Llc is an institutional investor bullish on Newcastle Investment Corp, owning 39546 shares as of Q3 2015 for 0.01% of its portfolio. Michael Novogratz Fortress Investment Group Llc owns 1037091 shares or 0.07% of its portfolio. MN Punch & Associates Investment Management Inc have 1.06% of their stock portfolio for 1765062 shares. Further, Cooper Creek Partners Management Llc reported stake worth 5.76% of its US stock portfolio. The NY Loeb Partners Corporation owns 11166 shares. Newcastle Investment Corp is 0.02% of the manager’s US portfolio.

Business Profile

Newcastle Investment Corp. (Newcastle) is a real estate investment trust (REIT). The Company focuses on investing in, and managing, a range of real estate related and other investments. The Company’s segments include debt investments financed with collateralized debt obligations (CDOs), other debt investments (Other Debt), investment in golf properties and facilities (Golf) and corporate. The Company invests in real estate related debt and golf related real estate and operations. The Company’s golf business includes approximately 90 properties in the United States that the Company leases, owns or manages. The Company’s investment portfolio includes debt investments, such as commercial assets, residential assets, corporate assets, and other investments, such as golf investment. The Company is externally managed and advised by an affiliate of Fortress Investment Group LLC (Fortress) (the Manager).

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 0.65 in 2016 Q2. Its down 0.38, from 1.03 in 2016Q1. The ratio dived, as 18 funds sold all Newcastle Investment Corp. shares owned while 30 reduced positions. 10 funds bought stakes while 21 increased positions. They now own 26.35 million shares or 1.18% less from 26.66 million shares in 2016Q1.

Bancorp Of America De accumulated 16,284 shares or 0% of the stock. Financial Bank Of Montreal Can has 0% invested in the company for 499 shares. Springbok Ltd Co holds 0% of its portfolio in Newcastle Investment Corp. (NYSE:NCT) for 500 shares. Parametric Portfolio Limited Liability Company last reported 0% of its portfolio in the stock. Amer Assets Cap Advisers last reported 1.52 million shares in the company. Swiss Bancorp reported 97,216 shares or 0% of all its holdings. Massmutual Tru Fsb Adv has 0% invested in the company for 500 shares. State Street holds 92,723 shares or 0% of its portfolio. Ladenburg Thalmann Financial Svcs holds 0% of its portfolio in Newcastle Investment Corp. (NYSE:NCT) for 3,367 shares. Blackrock Fund Advsrs owns 1.52M shares or 0% of their US portfolio. Gsa Capital Ltd Liability Partnership has 0.03% invested in the company for 127,829 shares. Punch & Assocs Investment Mgmt last reported 1.78% of its portfolio in the stock. Tower Research Cap Ltd Liability (Trc), a New York-based fund reported 900 shares. Denver Advisors Limited accumulated 17,042 shares or 0% of the stock. Creative Planning has 0% invested in the company for 14,741 shares.

Analysts await Newcastle Investment Corp. (NYSE:NCT) to report earnings on November, 2. They expect $0.15 earnings per share, down 6.25% or $0.01 from last year’s $0.16 per share. NCT’s profit will be $9.99 million for 7.35 P/E if the $0.15 EPS becomes a reality. After $0.16 actual earnings per share reported by Newcastle Investment Corp. for the previous quarter, Wall Street now forecasts -6.25% negative EPS growth.

The stock decreased 1.34% or $0.06 on October 7, hitting $4.41. Newcastle Investment Corp. (NYSE:NCT) has risen 13.08% since March 8, 2016 and is uptrending. It has outperformed by 3.76% the S&P500.

Newcastle Investment Corp. is a real estate investment trust (REIT). The company has a market cap of $293.65 million. The Firm focuses on investing in, and managing, a range of real estate related and other investments. It has a 4.03 P/E ratio. The Company’s divisions include debt investments financed with collateralized debt obligations (CDOs), other debt investments (Other Debt), investment in golf properties and facilities (Golf) and corporate.

More important recent Newcastle Investment Corp. (NYSE:NCT) news were published by: Marketwatch.com which released: “Newcastle Investment Corp.” on December 22, 2009, also Seekingalpha.com published article titled: “Time To Lock And Load For Newcastle Investment Corporation”, Nasdaq.com published: “Newcastle Investment Corp. Bottom Line Drops 60% In Q2” on August 09, 2016. More interesting news about Newcastle Investment Corp. (NYSE:NCT) was released by: Seekingalpha.com and their article: “Newcastle Investment Corp. Is A Buy Based On Past Performance And Future …” with publication date: April 27, 2015.

According to Zacks Investment Research, “Newcastle Investment Corp invests in real estate securities and other real estate-related assets. Newcastle is organized and conducts its operations to qualify as a real estate investment trust for federal income tax purposes.”

NCT Company Profile

Newcastle Investment Corp. (Newcastle), incorporated on June 6, 2002, is a real estate investment trust (REIT). The Firm focuses on investing in, and managing, a range of real estate related and other investments. The Company’s divisions include debt investments financed with collateralized debt obligations (CDOs), other debt investments (Other Debt), investment in golf properties and facilities (Golf) and corporate. The Firm is externally managed and advised by an affiliate of Fortress Investment Group LLC (Fortress) (the Manager). The Firm invests in real estate related debt and golf related real estate and operations. The Company’s investments are primarily secured by or related to commercial real estate.

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