Geode Capital Management LLC lifted its holdings in Nationstar Mortgage Holdings Inc (NYSE:NSM) by 17.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 318,973 shares of the financial services provider’s stock after buying an additional 48,312 shares during the period. Geode Capital Management LLC owned approximately 0.33% of Nationstar Mortgage worth $5,901,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Engineers Gate Manager LP purchased a new position in shares of Nationstar Mortgage in the 3rd quarter worth approximately $227,000. Ramsey Quantitative Systems bought a new stake in shares of Nationstar Mortgage in the 4th quarter worth approximately $230,000. GSA Capital Partners LLP bought a new stake in shares of Nationstar Mortgage in the 3rd quarter worth approximately $486,000. Systematic Financial Management LP bought a new stake in shares of Nationstar Mortgage in the 4th quarter worth approximately $1,405,000. Finally, Martingale Asset Management L P raised its holdings in shares of Nationstar Mortgage by 60.0% in the 4th quarter. Martingale Asset Management L P now owns 81,158 shares of the financial services provider’s stock worth $1,502,000 after purchasing an additional 30,437 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.
Shares of NSM stock opened at $18.03 on Tuesday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 5.77. Nationstar Mortgage Holdings Inc has a 1 year low of $15.66 and a 1 year high of $20.71. The firm has a market cap of $1,770.83, a price-to-earnings ratio of 12.19 and a beta of 1.14.
Nationstar Mortgage (NYSE:NSM) last issued its earnings results on Thursday, March 1st. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. Nationstar Mortgage had a net margin of 1.82% and a return on equity of 9.24%. The business had revenue of $437.00 million for the quarter, compared to analysts’ expectations of $458.70 million. During the same quarter in the previous year, the firm posted $0.36 EPS. The business’s revenue for the quarter was down 44.6% compared to the same quarter last year. sell-side analysts expect that Nationstar Mortgage Holdings Inc will post 2.15 EPS for the current fiscal year.
NSM has been the topic of a number of research reports. Zacks Investment Research raised shares of Nationstar Mortgage from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, January 16th. Piper Jaffray reaffirmed a “hold” rating and issued a $18.00 price target on shares of Nationstar Mortgage in a report on Thursday, January 11th. Credit Suisse Group lowered their price target on shares of Nationstar Mortgage from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Finally, Barclays reaffirmed a “sell” rating and issued a $19.00 price target (up previously from $18.00) on shares of Nationstar Mortgage in a report on Friday, March 2nd. Four analysts have rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.75.
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Nationstar Mortgage 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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