Crispin Odey Increases Holding of The Ryland Group, Inc. (RYL) Shares

Crispin Odey is optimistic about the prospects of The Ryland Group, Inc. (NYSE:RYL). According to a recent filing with the Securities and Exchange Commission, his fund, Odey Asset Management has increased its holding of the stock by some 306,600 shares. As a result Odey currently holds 4.73 million shares, which represent approximately 10.17% of the company’s common stock. Given the current market price, Odey’s stake is worth more than $202 million.

Crispin Odey

Ken Griffin, the billionaire manager of Citadel Investment, is also betting on this stock. During the previous quarter, Citadel has increased its holding of The Ryland Group, Inc. (NYSE:RYL) by 204%  to 1.8 million shares reportedly worth $78.4 million. Donald Chiboucis is not so optimistic, though. During the same period, his fund, Columbus Circle Investors, has sold a third of its holding of Ryland shares and currently owns 1.22 million shares, worth approximately $53 million.

The Ryland Group, Inc. (NYSE:RYL) is homebuilders and a mortgage-finance company. The company has a market cap of $1.98 billion and pays an annual dividend of $0.12, which represents a yield 0.30%. The stock is traded at a trailing Price to Earnings (P/E) ratio of 6.35, below the industry average of 10.60. For the fourth quarter of 2013, the company posted revenues of $697 million and earnings per share (EPS) of $1.27, exceeding market expectations. Analysts expect Ryland Group to register revenues of $472 million and earnings of $0.47 per diluted share.

Crispin Odey is also betting big on Google Inc (NASDAQ:GOOG). According to its latest 13F report, Odey Asset Management has increased its stake by 213% to 203,700 shares during the fourth quarter of 2013. Odey has also increased his fund’s investment in PACCAR Inc(NASDAQ:PCAR), a provider of services to truck management companies. Odey Asset Management owns 2.8 million shares valued at about $166 million.

Disclosure: none.

Recommended reading:

Baker Bros. Advisors’ Latest Moves Involve ACADIA Pharmaceuticals Inc. (ACAD) & Synageva Biopharma Corp (TRMS)

FPR Partners Ups Its Stake in ViaSat, Inc. (VSAT)

SAC Capital Advisors Raises Stake in Walter Investment Management Corp (WAC)

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Most Expensive Rum Brands in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!