Geode Capital Management LLC raised its stake in shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) by 2.7% during the first quarter, Holdings Channel reports. The fund owned 251,218 shares of the financial services provider’s stock after buying an additional 6,491 shares during the period. Geode Capital Management LLC’s holdings in Nationstar Mortgage Holdings were worth $3,959,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Nationwide Fund Advisors boosted its stake in 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 valued at $315,000 after buying an additional 163 shares during the last quarter. Stifel Financial Corp boosted its stake in 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 during the last quarter. Teachers Advisors LLC boosted its stake in Nationstar Mortgage Holdings by 2.3% in the first quarter. Teachers Advisors LLC now owns 56,170 shares of the financial services provider’s stock valued at $885,000 after buying an additional 1,287 shares during the last quarter. Legal & General Group Plc boosted its stake in Nationstar Mortgage Holdings by 33.7% in the first quarter. Legal & General Group Plc now owns 13,848 shares of the financial services provider’s stock valued at $219,000 after buying an additional 3,487 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Nationstar Mortgage Holdings during the first quarter valued at $103,000. 98.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Nationstar Mortgage Holdings Inc. (NSM) traded down 0.18% during trading on Thursday, reaching $17.08. The company’s stock had a trading volume of 23,748 shares. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 7.47 and a beta of 1.47. Nationstar Mortgage Holdings Inc. has a 12-month low of $14.05 and a 12-month high of $19.83. The company has a 50 day moving average of $17.82 and a 200-day moving average of $17.32.

Nationstar Mortgage Holdings (NYSE:NSM) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.43 earnings per share 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 firm had revenue of $380 million during the quarter, compared to analyst estimates of $506.30 million. During the same quarter in the previous year, the business earned $0.52 EPS. Analysts forecast that Nationstar Mortgage Holdings Inc. will post $1.28 EPS for the current year.

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Several research firms have weighed in on NSM. BidaskClub raised Nationstar Mortgage Holdings from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Zacks Investment Research raised Nationstar Mortgage Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. Piper Jaffray Companies reissued a “sell” rating and set a $15.00 price objective on shares of Nationstar Mortgage Holdings in a report on Thursday, August 3rd. TheStreet raised Nationstar Mortgage Holdings from a “d+” rating to a “c-” rating in a report on Monday, June 26th. Finally, Oppenheimer Holdings, Inc. set a $19.00 price objective on Nationstar Mortgage Holdings and gave the company a “buy” rating in a report on Monday, May 8th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.50.

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.

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

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