Nationstar Mortgage Holdings Inc. (NSM) Position Raised by Proxima Capital Management LLC

Proxima Capital Management LLC increased its position in shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 613,240 shares of the financial services provider’s stock after purchasing an additional 3,240 shares during the period. Nationstar Mortgage Holdings accounts for about 5.9% of Proxima Capital Management LLC’s holdings, making the stock its 3rd biggest holding. Proxima Capital Management LLC owned approximately 0.63% of Nationstar Mortgage Holdings worth $10,971,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NSM. Nationwide Fund Advisors increased its position in Nationstar Mortgage Holdings by 0.8% during the first quarter. Nationwide Fund Advisors now owns 19,990 shares of the financial services provider’s stock worth $315,000 after purchasing an additional 163 shares during the last quarter. Wells Fargo & Company MN increased its position in Nationstar Mortgage Holdings by 208.6% during the first quarter. Wells Fargo & Company MN now owns 136,004 shares of the financial services provider’s stock worth $2,143,000 after purchasing an additional 91,933 shares during the last quarter. First Trust Advisors LP acquired a new stake in Nationstar Mortgage Holdings during the first quarter worth about $445,000. Bank of New York Mellon Corp increased its position in Nationstar Mortgage Holdings by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 206,728 shares of the financial services provider’s stock worth $3,258,000 after purchasing an additional 6,788 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in Nationstar Mortgage Holdings by 18.6% during the first quarter. Parametric Portfolio Associates LLC now owns 118,109 shares of the financial services provider’s stock worth $1,861,000 after buying an additional 18,559 shares during the period. Hedge funds and other institutional investors own 99.01% of the company’s stock.

Nationstar Mortgage Holdings Inc. (NSM) traded up 3.41% on Friday, hitting $19.11. 258,657 shares of the stock traded hands. The firm’s 50-day moving average price is $17.52 and its 200-day moving average price is $17.23. Nationstar Mortgage Holdings Inc. has a 12-month low of $14.24 and a 12-month high of $19.83. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 8.36 and a beta of 1.38.

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

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Several research analysts have weighed in on NSM shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $20.00 target price on shares of Nationstar Mortgage Holdings in a research note on Thursday, September 14th. Zacks Investment Research raised shares of Nationstar Mortgage Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub lowered shares of Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. TheStreet raised shares of Nationstar Mortgage Holdings from a “d+” rating to a “c-” rating in a research note on Monday, June 26th. Finally, ValuEngine raised shares of Nationstar Mortgage Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Nationstar Mortgage Holdings has an average rating of “Hold” and an average price target 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.

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

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