BNP PARIBAS ASSET MANAGEMENT Holding S.A. Cuts Stock Holdings in NVR, Inc. $NVR

BNP PARIBAS ASSET MANAGEMENT Holding S.A. has reduced its stake in NVR, Inc. by 18.5%, selling 1,605 shares and bringing its total holdings to 7,081 shares valued at $56.57 million. Despite institutional selling, other large investors have increased their positions, and NVR has announced a $750 million share repurchase program. The company recently reported strong quarterly earnings, surpassing analyst estimates, and has a “Moderate Buy” average rating from analysts.

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