First Trust Advisors LP increased its position in shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) by 99.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,805 shares of the financial services provider’s stock after buying an additional 45,309 shares during the period. First Trust Advisors LP owned 0.09% of Nationstar Mortgage worth $1,686,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership grew its holdings in Nationstar Mortgage by 2,308.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 681,716 shares of the financial services provider’s stock worth $12,196,000 after purchasing an additional 653,407 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Nationstar Mortgage by 75.8% in the second quarter. TIAA CREF Investment Management LLC now owns 156,693 shares of the financial services provider’s stock worth $2,803,000 after purchasing an additional 67,578 shares during the period. Vanguard Group Inc. grew its holdings in Nationstar Mortgage by 16.5% in the second quarter. Vanguard Group Inc. now owns 3,063,878 shares of the financial services provider’s stock worth $54,813,000 after purchasing an additional 434,111 shares during the period. American Century Companies Inc. grew its holdings in Nationstar Mortgage by 11.9% in the second quarter. American Century Companies Inc. now owns 110,491 shares of the financial services provider’s stock worth $1,977,000 after purchasing an additional 11,708 shares during the period. Finally, FMR LLC grew its holdings in Nationstar Mortgage by 73.5% in the second quarter. FMR LLC now owns 683,532 shares of the financial services provider’s stock worth $12,228,000 after purchasing an additional 289,637 shares during the period. 98.39% of the stock is owned by institutional investors and hedge funds.

NSM has been the subject of a number of research reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $20.00 price target on shares of Nationstar Mortgage in a report on Thursday, September 14th. Zacks Investment Research cut shares of Nationstar Mortgage from a “hold” rating to a “sell” rating in a report on Friday, October 20th. ValuEngine cut shares of Nationstar Mortgage from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Piper Jaffray Companies restated a “sell” rating and issued a $15.00 price target on shares of Nationstar Mortgage in a report on Thursday, August 3rd. Finally, BidaskClub cut shares of Nationstar Mortgage from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $18.50.

Shares of Nationstar Mortgage Holdings Inc. (NSM) traded up $0.52 during midday trading on Thursday, hitting $17.91. 405,200 shares of the stock were exchanged, compared to its average volume of 412,155. The firm has a market capitalization of $1,699.46, a PE ratio of 11.37 and a beta of 1.48. Nationstar Mortgage Holdings Inc. has a 52-week low of $14.67 and a 52-week high of $20.71. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.46 and a quick ratio of 0.46.

Nationstar Mortgage (NYSE:NSM) last issued its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $406.00 million during the quarter, compared to analysts’ expectations of $481.67 million. Nationstar Mortgage had a net margin of 9.34% and a return on equity of 8.88%. During the same period last year, the company earned $0.52 earnings per share. research analysts forecast that Nationstar Mortgage Holdings Inc. will post 1.5 EPS for the current year.

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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.

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

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