Will KB Home’s Latest Business Venture Move These Top Institutional Shareholders To Cheer?

KB Home (NYSE:KBH) entered an agreement with Nationstar Mortgage LLC, their current preferred mortgage lender, and a subsidiary of Nationstar Mortgage Holdings Inc. (NYSE:NSM) to form Home Community Mortgage LLC. which will offer various mortgage banking services to customers of KB Home. This partnership showcases our ability to deliver creative solutions to one of the nation’s premier homebuilders and our commitment to enhancing the home buying experience by providing accessible financing options to home buyers,” said Jay Bray, Chief Executive Officer of Nationstar Mortgage

Will KB Home’s shareholders increase their holdings? They reported owning a total of 2.607 million shares on 12/31/2012. The shares closed at $15.80 on 12/31/2012.

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Here are the ten largest positions in KB Home at the end of December 31st, 2012.

James Investment Research Inc. held 824,094 shares on 12/31/2012 worth $13,020,685. This brought the portfolio total to 0.56%.

Hennessy Advisors Inc. held 736,200 shares on 12/31/2012 worth $11,631,960. This brought the portfolio total to 0.67%.

Marathon Asset Management LLP. held 636,813 shares on 12/31/2012 worth $10,061,646. This brought the portfolio total to 0.23%.

AGF Investments Inc. held 215,000 shares on 12/31/2012 worth $3,397,000. This brought the portfolio total to 0.04%.

Texas Permanent School Fund held 94,683 shares on 12/31/2012 worth $1,495,991. This brought the portfolio total to 0.02%.

First Citizens Bank & Trust Co. held 46,300 shares on 12/31/2012 worth $731,540. This brought the portfolio total to 0.03%.

Commerzbank Aktiengesellschaft /FI held 27,138 shares on 12/31/2012 worth $428,780. This brought the portfolio total to 0.0%.

Advantus Capital Management Inc. held 11,559 shares on 12/31/2012 worth $182,632. This brought the portfolio total to 0.01%.

Gagnon Securities LLC. held 11,290 shares on 12/31/2012 worth $178,382. This brought the portfolio total to 0.07%.

Creative Planning held 3,000 shares on 12/31/2012 worth $47,400. This brought the portfolio total to 0.0%.

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