Teachers Retirement System Of The State Of Kentucky reduced its stake in NVR (NYSE:NVR) by 19.07%, or 5,324 shares, during the most recent quarter ended March 31, the company disclosed in a May filing with the Securities and Exchange Commission. The investment management company now holds a total of 22,597 shares of NVR valued at $37.1 million.

Other firms reducing stakes included Wellington Management Group Llp, which sold 2,366 shares in the most recent quarter, leaving the hedge fund with 139,405 shares of NVR valued at $228.9 Million. Royce Associates Lp reduced its stake in NVR by selling 3,140 shares, or 32.52% of its holdings, in the most recent quarter. The hedge fund now holds 6,515 shares of NVR, valued at $10.7 Million. Municipal Employees’ Retirement System Of Michigan reduced its stake in NVR by selling 10 shares and now holds 1,220 shares of NVR which is valued at $2 Million.

Among those increasing stakes were Meeder Asset Management Inc, which purchased 212 shares during the most recent quarter, valued at $348,062. Nine Chapters Capital Management added NVR to its portfolio by purchasing 310 company shares during the most recent quarter which is valued at $508,958. Municipal Employees’ Retirement System Of Michigan reduced its stake in NVR by selling 10 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 1,220 shares of NVR which is valued at $2 Million. NVR makes up approx 0.13% of Municipal Employees’ Retirement System Of Michigan’s portfolio.

NVR reported $15.97 EPS for the quarter, beating the analyst consensus estimate by $ 1.01 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $14.96. The company had revenue of $1144.00 million for the quarter, compared to analysts expectations of $1152.08 million. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.22 EPS.