Brandywine Global Investment Management LLC lessened its holdings in shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) by 2.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 299,201 shares of the financial services provider’s stock after selling 7,471 shares during the period. Brandywine Global Investment Management LLC owned 0.31% of Nationstar Mortgage Holdings worth $5,353,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Nationstar Mortgage Holdings during the first quarter worth $103,000. BNP Paribas Arbitrage SA grew its holdings in shares of Nationstar Mortgage Holdings by 256.6% during the second quarter. BNP Paribas Arbitrage SA now owns 6,020 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 4,332 shares during the last quarter. Two Sigma Securities LLC bought a new stake in shares of Nationstar Mortgage Holdings during the first quarter worth $161,000. Koch Industries Inc. bought a new stake in shares of Nationstar Mortgage Holdings during the first quarter worth $182,000. Finally, Stifel Financial Corp grew its holdings in shares of Nationstar Mortgage Holdings by 10.5% during the first quarter. Stifel Financial Corp now owns 13,125 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 1,245 shares during the last quarter. Institutional investors own 99.01% of the company’s stock.

Several brokerages have recently commented on NSM. ValuEngine upgraded Nationstar Mortgage Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 target price on shares of Nationstar Mortgage Holdings in a report on Thursday, September 14th. BidaskClub cut Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Piper Jaffray Companies restated a “sell” rating and set a $15.00 target price on shares of Nationstar Mortgage Holdings in a report on Thursday, August 3rd. Finally, Zacks Investment Research cut Nationstar Mortgage Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.50.

Nationstar Mortgage Holdings Inc. (NYSE NSM) opened at 18.36 on Thursday. Nationstar Mortgage Holdings Inc. has a 52 week low of $14.05 and a 52 week high of $19.83. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 8.03 and a beta of 1.38. The stock’s 50 day moving average price is $17.21 and its 200 day moving average price is $17.11.

Nationstar Mortgage Holdings (NYSE:NSM) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.09. Nationstar Mortgage Holdings had a return on equity of 9.64% and a net margin of 10.52%. The company had revenue of $380.00 million for the quarter, compared to analyst estimates of $506.30 million. During the same quarter last year, the company posted $0.52 EPS. On average, equities research analysts predict that Nationstar Mortgage Holdings Inc. will post $1.28 EPS for the current year.

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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.

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

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