The Nationstar Mortgage Holdings Inc (NSM) Shares Bought by Teachers Advisors LLC

The Nationstar Mortgage Holdings Inc (NSM) Shares Bought by Teachers Advisors LLC

Other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC increased its position in shares of Nationstar Mortgage Holdings by 79.3% in the fourth quarter. Renaissance Technologies LLC now owns 201,200 shares of the financial services provider’s stock worth $3,634,000 after buying an additional 89,000 shares during the period. State Street Corp increased its position in shares of Nationstar Mortgage Holdings by 5.7% in the fourth quarter. State Street Corp now owns 626,770 shares of the financial services provider’s stock worth $11,316,000 after buying an additional 33,928 shares during the period. Norges Bank acquired a new position in shares of Nationstar Mortgage Holdings during the fourth quarter worth about $8,081,000. Russell Investments Group Ltd. acquired a new position in shares of Nationstar Mortgage Holdings during the fourth quarter worth about $134,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Nationstar Mortgage Holdings by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 161,293 shares of the financial services provider’s stock worth $2,913,000 after buying an additional 16,174 shares during the period.

Teachers Advisors LLC raised its position in Nationstar Mortgage Holdings Inc (NYSE:NSM) by 7.4% during the fourth quarter, Holdings Channel reports. The firm owned 54,883 shares of the financial services provider’s stock after buying an additional 3,794 shares during the period. Teachers Advisors LLC’s holdings in Nationstar Mortgage Holdings were worth $991,000 at the end of the most recent quarter.

Shares of Nationstar Mortgage Holdings Inc (NYSE NSM) opened at 16.78 on Monday. The company has a 50 day moving average price of $16.77 and a 200-day moving average price of $17.37. The firm has a market cap of $1.64 billion, a PE ratio of 10.92 and a beta of 0.90. Nationstar Mortgage Holdings Inc has a 12-month low of $10.19 and a 12-month high of $19.83.

Nationstar Mortgage Holdings (NYSE:NSM) last announced its earnings results on Thursday, May 4th. The financial services provider reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. Nationstar Mortgage Holdings had a positive return on equity of 10.50% and a negative net margin of 5.80%. The firm had revenue of $427 million for the quarter, compared to the consensus estimate of $455.18 million. During the same period in the previous year, the firm earned $0.27 EPS. Nationstar Mortgage Holdings’s revenue for the quarter was up 61.9% on a year-over-year basis. Analysts expect that Nationstar Mortgage Holdings Inc will post $1.28 EPS for the current year.

NSM has been the subject of a number of analyst reports. Barclays PLC downgraded Nationstar Mortgage Holdings from an “equal weight” rating to an “underweight” rating and set a $15.00 target price for the company. in a research note on Thursday, February 23rd. Credit Suisse Group AG reissued a “buy” rating and set a $22.00 target price on shares of Nationstar Mortgage Holdings in a research note on Friday, March 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $20.00 target price on shares of Nationstar Mortgage Holdings in a research note on Monday, April 10th. Zacks Investment Research downgraded Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a research note on Friday, February 24th. Finally, FBR & Co increased their target price on Nationstar Mortgage Holdings from $15.75 to $17.00 and gave the stock a “market perform” rating in a research note on Thursday, February 23rd. 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 given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.86.

In other news, Director Michael D. Malone bought 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 29th. The shares were purchased at an average price of $15.95 per share, with a total value of $478,500.00. Following the completion of the acquisition, the director now directly owns 66,059 shares in the company, valued at $1,053,641.05. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 67.20% of the stock is owned by insiders. About Nationstar Mortgage Holdings

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NSM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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