American International Group Inc. maintained its position in shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,653 shares of the financial services provider’s stock at the end of the first quarter. American International Group Inc.’s holdings in Nationstar Mortgage Holdings were worth $310,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of NSM. SG Americas Securities LLC bought a new position in shares of Nationstar Mortgage Holdings during the first quarter worth approximately $103,000. Russell Investments Group Ltd. bought a new position in shares of Nationstar Mortgage Holdings during the fourth quarter worth approximately $134,000. AQR Capital Management LLC bought a new position in shares of Nationstar Mortgage Holdings during the fourth quarter worth approximately $197,000. Stifel Financial Corp boosted its position 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 worth $207,000 after buying an additional 1,245 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its position 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 worth $315,000 after buying an additional 163 shares in the last quarter. Institutional investors own 99.49% of the company’s stock.
Shares of Nationstar Mortgage Holdings Inc. (NSM) opened at 17.73 on Thursday. The company has a 50-day moving average price of $17.95 and a 200 day moving average price of $17.33. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 11.54 and a beta of 1.47. Nationstar Mortgage Holdings Inc. has a one year low of $14.05 and a one year high of $19.83.
Nationstar Mortgage Holdings (NYSE:NSM) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate 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 net margin of 10.52% and a return on equity of 9.71%. During the same quarter in the prior year, the business earned $0.52 earnings per share. On average, analysts forecast that Nationstar Mortgage Holdings Inc. will post $1.28 EPS for the current fiscal year.
A number of brokerages have commented on NSM. BidaskClub upgraded Nationstar Mortgage Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Zacks Investment Research lowered Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, May 6th. TheStreet raised Nationstar Mortgage Holdings from a “d+” rating to a “c-” rating in a research report on Monday, June 26th. ValuEngine raised 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 Nationstar Mortgage Holdings and gave the stock a “buy” rating in a research report on Monday, May 8th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price 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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