Renaissance Technologies LLC Boosts Stake in Nationstar Mortgage Holdings Inc. (NSM)

Renaissance Technologies LLC increased its stake in Nationstar Mortgage Holdings Inc. (NYSE:NSM) by 17.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 236,200 shares of the financial services provider’s stock after buying an additional 35,000 shares during the period. Renaissance Technologies LLC owned about 0.25% of Nationstar Mortgage Holdings worth $3,723,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Clearline Capital LP bought a new stake in shares of Nationstar Mortgage Holdings during the first quarter valued at approximately $642,000. Dimensional Fund Advisors LP raised its stake in shares of Nationstar Mortgage Holdings by 123.5% in the first quarter. Dimensional Fund Advisors LP now owns 360,424 shares of the financial services provider’s stock valued at $5,681,000 after buying an additional 199,131 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Nationstar Mortgage Holdings by 2.7% in the first quarter. Geode Capital Management LLC now owns 251,218 shares of the financial services provider’s stock valued at $3,959,000 after buying an additional 6,491 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Nationstar Mortgage Holdings by 13.5% in the first quarter. Vanguard Group Inc. now owns 2,629,767 shares of the financial services provider’s stock valued at $41,445,000 after buying an additional 312,109 shares during the last quarter. Finally, Menta Capital LLC bought a new stake in shares of Nationstar Mortgage Holdings during the first quarter valued at approximately $1,639,000. 98.36% of the stock is owned by institutional investors.

Nationstar Mortgage Holdings Inc. (NSM) traded up 0.42% on Friday, reaching $16.81. 252,465 shares of the company’s stock were exchanged. Nationstar Mortgage Holdings Inc. has a 1-year low of $14.05 and a 1-year high of $19.83. The company has a market capitalization of $1.64 billion, a PE ratio of 7.35 and a beta of 1.47. The company has a 50 day moving average price of $17.76 and a 200-day moving average price of $17.31.

Nationstar Mortgage Holdings (NYSE:NSM) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.09. The firm had revenue of $380 million for the quarter, compared to analyst estimates of $506.30 million. Nationstar Mortgage Holdings had a return on equity of 9.64% and a net margin of 10.52%. During the same period in the previous year, the firm earned $0.52 earnings per share. On average, equities research analysts anticipate that Nationstar Mortgage Holdings Inc. will post $1.28 earnings per share for the current year.

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NSM has been the topic of several recent research reports. Oppenheimer Holdings, Inc. set a $19.00 target price on shares of Nationstar Mortgage Holdings and gave the stock a “buy” rating in a research note on Monday, May 8th. Zacks Investment Research raised shares of Nationstar Mortgage Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. ValuEngine raised shares of Nationstar Mortgage Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub cut shares of Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, TheStreet raised shares of Nationstar Mortgage Holdings from a “d+” rating to a “c-” rating in a research note on Monday, June 26th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Nationstar Mortgage Holdings currently has a consensus rating of “Hold” and a consensus target price of $18.50.

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.

Institutional Ownership by Quarter for Nationstar Mortgage Holdings (NYSE:NSM)

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