TIAA CREF Investment Management LLC cut its stake in Nationstar Mortgage Holdings Inc. (NYSE:NSM) by 14.1% during the first quarter, Holdings Channel reports. The firm owned 89,115 shares of the financial services provider’s stock after selling 14,645 shares during the period. TIAA CREF Investment Management LLC’s holdings in Nationstar Mortgage Holdings were worth $1,404,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Nationwide Fund Advisors boosted its stake 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 valued at $315,000 after buying an additional 163 shares during the period. Stifel Financial Corp boosted its stake in Nationstar Mortgage Holdings by 10.5% in the first quarter. Stifel Financial Corp now owns 13,125 shares of the financial services provider’s stock worth $207,000 after buying an additional 1,245 shares during the last quarter. Teachers Advisors LLC boosted its stake in Nationstar Mortgage Holdings by 2.3% in the first quarter. Teachers Advisors LLC now owns 56,170 shares of the financial services provider’s stock worth $885,000 after buying an additional 1,287 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Nationstar Mortgage Holdings during the first quarter worth about $103,000. Finally, Bank of New York Mellon Corp boosted its stake in Nationstar Mortgage Holdings by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 206,728 shares of the financial services provider’s stock worth $3,258,000 after buying an additional 6,788 shares during the last quarter. 99.49% of the stock is owned by institutional investors and hedge funds.

Shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) traded down 0.77% during mid-day trading on Friday, hitting $16.83. The company’s stock had a trading volume of 321,952 shares. Nationstar Mortgage Holdings Inc. has a 1-year low of $14.05 and a 1-year high of $19.83. The company has a 50-day moving average price of $17.89 and a 200-day moving average price of $17.34. The stock has a market cap of $1.65 billion, a PE ratio of 7.36 and a beta of 1.47.

Nationstar Mortgage Holdings (NYSE:NSM) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.09. The firm had revenue of $380 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned $0.52 EPS. Analysts predict that Nationstar Mortgage Holdings Inc. will post $1.28 EPS for the current fiscal year.

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A number of analysts recently issued reports on the company. BidaskClub raised Nationstar Mortgage Holdings from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Zacks Investment Research raised Nationstar Mortgage Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Piper Jaffray Companies reissued a “sell” rating and set a $15.00 price objective on shares of Nationstar Mortgage Holdings in a research report on Thursday, August 3rd. TheStreet raised Nationstar Mortgage Holdings from a “d+” rating to a “c-” rating in a research report on Monday, June 26th. Finally, Oppenheimer Holdings, Inc. set a $19.00 price objective on Nationstar Mortgage Holdings and gave the company 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 issued a buy rating and one has given a strong buy rating to the stock. Nationstar Mortgage Holdings has a consensus rating of “Hold” and an average price target 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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