Alliancebernstein L.P. reduced its position in shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) by 12.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,500 shares of the financial services provider’s stock after selling 7,900 shares during the period. Alliancebernstein L.P. owned 0.06% of Nationstar Mortgage Holdings worth $890,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rubric Capital Management LP increased its position in shares of Nationstar Mortgage Holdings by 13.8% in the first quarter. Rubric Capital Management LP now owns 1,109,540 shares of the financial services provider’s stock worth $17,486,000 after buying an additional 134,540 shares during the period. Nationwide Fund Advisors increased its position in shares of Nationstar Mortgage Holdings by 0.8% in the first quarter. Nationwide Fund Advisors now owns 19,990 shares of the financial services provider’s stock worth $315,000 after buying an additional 163 shares during the period. James Investment Research Inc. purchased a new position in shares of Nationstar Mortgage Holdings during the first quarter worth approximately $1,660,000. Quotient Investors LLC increased its position in shares of Nationstar Mortgage Holdings by 453.9% in the first quarter. Quotient Investors LLC now owns 157,297 shares of the financial services provider’s stock worth $2,479,000 after buying an additional 128,897 shares during the period. Finally, Highbridge Capital Management LLC purchased a new position in shares of Nationstar Mortgage Holdings during the fourth quarter worth approximately $763,000. 99.95% of the stock is owned by institutional investors.
Shares of Nationstar Mortgage Holdings Inc. (NSM) opened at 17.86 on Wednesday. The firm has a market cap of $1.74 billion, a PE ratio of 11.62 and a beta of 1.47. The firm has a 50-day moving average of $17.96 and a 200 day moving average of $17.32. Nationstar Mortgage Holdings Inc. has a 52 week low of $12.61 and a 52 week high of $19.83.
Nationstar Mortgage Holdings (NYSE:NSM) last posted its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The company had revenue of $427 million for the quarter, compared to the consensus estimate of $455.18 million. Nationstar Mortgage Holdings had a net margin of 7.30% and a return on equity of 10.61%. Nationstar Mortgage Holdings’s quarterly revenue was up 61.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS. Equities research analysts predict that Nationstar Mortgage Holdings Inc. will post $1.28 EPS for the current fiscal year.
Several analysts recently commented on the stock. Zacks Investment Research raised shares of Nationstar Mortgage Holdings from a “sell” rating to a “buy” rating and set a $20.00 target price for the company in a report on Thursday, July 20th. BidaskClub raised shares of Nationstar Mortgage Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. TheStreet raised shares of Nationstar Mortgage Holdings from a “d+” rating to a “c-” rating in a report on Monday, June 26th. ValuEngine raised shares of Nationstar Mortgage Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. set a $19.00 target price on shares of Nationstar Mortgage Holdings and gave the stock a “buy” rating in a report on Monday, May 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.05.
Nationstar Mortgage Holdings Company Profile
Nationstar Mortgage Holdings Inc provides servicing, origination and transaction based services principally to single-family residences throughout the United States. The Company operates through three segments: Servicing, Originations and Xome. The Company provides residential loan services in the United States.
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