Vanguard Group Inc. increased its stake in Nationstar Mortgage Holdings Inc. (NYSE:NSM) by 13.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,629,767 shares of the financial services provider’s stock after buying an additional 312,109 shares during the period. Vanguard Group Inc.’s holdings in Nationstar Mortgage Holdings were worth $41,445,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Nationstar Mortgage Holdings during the first quarter valued at about $103,000. Russell Investments Group Ltd. acquired a new stake in shares of Nationstar Mortgage Holdings during the fourth quarter valued at $134,000. AQR Capital Management LLC acquired a new stake in shares of Nationstar Mortgage Holdings during the fourth quarter valued at $197,000. Koch Industries Inc. acquired a new stake in shares of Nationstar Mortgage Holdings during the first quarter valued at $182,000. Finally, Stifel Financial Corp increased its stake in shares of 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 valued at $207,000 after buying an additional 1,245 shares in the last quarter. 99.49% of the stock is currently owned by institutional investors.

Shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) traded down 0.77% during midday trading on Friday, hitting $16.83. The 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 stock has a market cap of $1.65 billion, a price-to-earnings ratio of 7.36 and a beta of 1.47. The firm’s 50-day moving average price is $17.89 and its 200-day moving average price is $17.34.

Nationstar Mortgage Holdings (NYSE:NSM) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. The business had revenue of $380 million during 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 quarter in the prior year, the company posted $0.52 EPS. Analysts forecast that Nationstar Mortgage Holdings Inc. will post $1.28 earnings per share for the current year.

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Several brokerages recently weighed in on NSM. BidaskClub upgraded Nationstar Mortgage Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Zacks Investment Research downgraded Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, May 6th. TheStreet upgraded Nationstar Mortgage Holdings from a “d+” rating to a “c-” rating in a research report on Monday, June 26th. ValuEngine upgraded 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 price objective on Nationstar Mortgage Holdings and gave the stock a “buy” rating in a research report on Monday, May 8th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target 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.

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

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