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New Senior Investment Group Inc. (SNR): Levin Capital Strategies Slightly Decreases Its Stake

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A recent 13D filing with the US Securities and Exchange Commission revealed that John A. Levin‘s Levin Capital Strategies has decreased its stake in New Senior Investment Group Inc (NYSE:SNR) and that it currently owns 4.06 million shares, which amass 4.9% of the company’s outstanding stock. Levin Capital Strategies previously held 4.17 million shares, as reported in its latest 13F filing (for the end of March).

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New Senior Investment Group is a real estate investment trust that operates in 2 sectors – Triple Net Lease Properties and Managed Properties. Since the beginning of the year, the company’s stock has gained 7.2%. For the first quarter of 2016, New Senior Investment Group (NYSE:SNR) reported FFO per share of $0.31, and NOI of $57.3, which compares to NOI of  $39.6 million for the first quarter in 2015.

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Among investors followed by Insider Monkey, at the end of March, 14 funds were long New Senior Investment Group Inc (NYSE:SNR), versus 18 funds in the previous quarter. The biggest position was disclosed by Leon Cooperman’s Omega Advisors, worth around $46.5 million, and the second biggest position was held by Levin Capital Strategies. Some other investors that are bullish on this stock are Ari Zweiman’s 683 Capital Partners, Ken Griffin’s Citadel Investment Group and Phill Gross and Robert Atchinson’s Adage Capital Management.

Some hedge funds that have decided to sell their positions in New Senior Investment Group Inc (NYSE:SNR) are Andy Redleaf’s Whitebox Advisors and Andrew Goldman’s Seven Locks Capital, which dropped $9.9 million and $6.8 million in stock, respectively.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Levin Capital Trilogy Master Fund, Ltd 370,963 370,963 Less than 1%
Levcap Alternative Fund 65,584 65,584 4.1%
Levin Capital Strategies 3,360,850 3,360,850 Less than 1%
LCS 370,963 370,963 Less than 1%
LCS Event Partners 65,584 65,584 4.9%
John A. Levin 3,848,242 4,056,731

John A. Levin
John A. Levin
Levin Capital Strategies

Page 1 of 11 – SEC Filing


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
Under the
Securities Exchange Act of 1934

Amendment No. 3

New Senior Investment Group
Inc.

(Name of Issuer)

Common Stock, $0.01 par value per share
(Title of Class of Securities)

090572207
(CUSIP Number)

John A. Levin
595 Madison Avenue, 17th Floor

New York, NY 10022
(212) 259-0800
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and
Communications)

June 16, 2016
(Date of Event Which
Requires Filing of this Statement)

If the filing person has previously filed a statement on
Schedule 13G to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of Rules 13d-1(e), 13d-1(f) or 13d-1(g),
check the following box [   ].

/*/
The remainder of this cover page shall be filled out for a reporting person’s
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page
shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities
of that Section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).

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