Legal & General Group Plc increased its position in Nationstar Mortgage Holdings Inc. (NYSE:NSM) by 33.7% during the first quarter, Holdings Channel reports. The institutional investor owned 13,848 shares of the financial services provider’s stock after buying an additional 3,487 shares during the period. Legal & General Group Plc’s holdings in Nationstar Mortgage Holdings were worth $219,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in Nationstar Mortgage Holdings during the fourth quarter worth approximately $134,000. State Street Corp boosted 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 last quarter. Dimensional Fund Advisors LP boosted 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 last quarter. FMR LLC boosted its position in shares of Nationstar Mortgage Holdings by 113.7% in the fourth quarter. FMR LLC now owns 261,595 shares of the financial services provider’s stock worth $4,724,000 after buying an additional 139,200 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of Nationstar Mortgage Holdings during the fourth quarter worth about $197,000. 99.49% of the stock is currently owned by hedge funds and other institutional investors.

Nationstar Mortgage Holdings Inc. (NYSE:NSM) traded down 2.24% during trading on Friday, hitting $16.58. 95,917 shares of the stock were exchanged. The stock’s 50-day moving average price is $17.91 and its 200-day moving average price is $17.34. The firm has a market cap of $1.62 billion, a PE ratio of 7.25 and a beta of 1.47. Nationstar Mortgage Holdings Inc. has a 12-month low of $14.05 and a 12-month 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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.09. Nationstar Mortgage Holdings had a net margin of 10.52% and a return on equity of 9.64%. The company had revenue of $380 million during the quarter, compared to analyst estimates of $506.30 million. During the same quarter last year, the firm posted $0.52 EPS. On average, equities analysts expect that Nationstar Mortgage Holdings Inc. will post $1.28 EPS for the current year.

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A number of brokerages have issued reports on NSM. BidaskClub upgraded shares of Nationstar Mortgage Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Zacks Investment Research cut shares of Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, May 6th. TheStreet upgraded shares of Nationstar Mortgage Holdings from a “d+” rating to a “c-” rating in a research report on Monday, June 26th. ValuEngine upgraded shares of Nationstar Mortgage Holdings from a “buy” rating to a “strong-buy” rating in a research 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 research report on Monday, May 8th. Three analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Nationstar Mortgage Holdings has an average rating of “Hold” and a consensus target price of $18.50.

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.

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

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