Nationstar Mortgage Holdings Inc. (NSM) Stake Boosted by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its holdings in Nationstar Mortgage Holdings Inc. (NYSE:NSM) by 2,308.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 681,716 shares of the financial services provider’s stock after acquiring an additional 653,407 shares during the period. Arrowstreet Capital Limited Partnership owned 0.70% of Nationstar Mortgage Holdings worth $12,196,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Nationstar Mortgage Holdings by 16.5% in the second quarter. Vanguard Group Inc. now owns 3,063,878 shares of the financial services provider’s stock worth $54,813,000 after acquiring an additional 434,111 shares during the period. FMR LLC boosted its stake in shares of Nationstar Mortgage Holdings by 73.5% in the second quarter. FMR LLC now owns 683,532 shares of the financial services provider’s stock worth $12,228,000 after acquiring an additional 289,637 shares during the period. State Street Corp boosted its stake in shares of Nationstar Mortgage Holdings by 3.7% in the second quarter. State Street Corp now owns 649,148 shares of the financial services provider’s stock worth $11,611,000 after acquiring an additional 22,878 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Nationstar Mortgage Holdings by 72.0% in the second quarter. Dimensional Fund Advisors LP now owns 619,884 shares of the financial services provider’s stock worth $11,090,000 after acquiring an additional 259,460 shares during the period. Finally, Geode Capital Management LLC boosted 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 worth $3,959,000 after acquiring an additional 6,491 shares during the period. 99.01% of the stock is owned by hedge funds and other institutional investors.

NSM has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Nationstar Mortgage Holdings in a research note on Thursday, September 14th. Zacks Investment Research raised Nationstar Mortgage Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub lowered Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. TheStreet raised Nationstar Mortgage Holdings from a “d+” rating to a “c-” rating in a research note on Monday, June 26th. Finally, ValuEngine raised Nationstar Mortgage Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 26th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.50.

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Nationstar Mortgage Holdings Inc. (NYSE:NSM) traded up 0.92% during midday trading on Friday, hitting $18.65. The company had a trading volume of 34,186 shares. The firm has a market capitalization of $1.82 billion, a P/E ratio of 8.16 and a beta of 1.38. The company has a 50 day moving average price of $17.52 and a 200 day moving average price of $17.23. Nationstar Mortgage Holdings Inc. has a 1-year low of $14.24 and a 1-year high of $19.83.

Nationstar Mortgage Holdings (NYSE:NSM) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.09. Nationstar Mortgage Holdings had a return on equity of 9.64% and a net margin of 10.52%. The company had revenue of $380.00 million for the quarter, compared to analysts’ expectations of $506.30 million. During the same period in the previous year, the firm posted $0.52 EPS. Equities research analysts forecast that Nationstar Mortgage Holdings Inc. will post $1.28 earnings per share for the current fiscal year.

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

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