Convergence Investment Partners LLC Has $1.42 Million Position in Nationstar Mortgage Holdings Inc. (NSM)

Convergence Investment Partners LLC increased its stake in shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) by 11.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,420 shares of the financial services provider’s stock after buying an additional 7,930 shares during the quarter. Convergence Investment Partners LLC owned about 0.08% of Nationstar Mortgage worth $1,419,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BNP Paribas Arbitrage SA grew its holdings in Nationstar Mortgage by 256.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,020 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 4,332 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Nationstar Mortgage in the 2nd quarter valued at about $160,000. Legal & General Group Plc grew its stake in shares of Nationstar Mortgage by 33.7% in the 1st 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 period. Voya Investment Management LLC grew its stake in shares of Nationstar Mortgage by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 16,775 shares of the financial services provider’s stock valued at $300,000 after buying an additional 2,156 shares during the period. Finally, Quantitative Investment Management LLC acquired a new stake in shares of Nationstar Mortgage in the 2nd quarter valued at about $320,000. Hedge funds and other institutional investors own 98.42% of the company’s stock.

NSM has been the subject of several research reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $20.00 target price on shares of Nationstar Mortgage in a research note on Thursday, October 26th. ValuEngine raised shares of Nationstar Mortgage from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 26th. Piper Jaffray Companies raised shares of Nationstar Mortgage from an “underweight” rating to a “neutral” rating in a report on Tuesday, November 21st. Finally, Zacks Investment Research cut shares of Nationstar Mortgage from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Nationstar Mortgage currently has an average rating of “Hold” and an average target price of $18.33.

Nationstar Mortgage Holdings Inc. (NSM) traded down $0.18 during trading on Thursday, hitting $17.41. 259,600 shares of the stock were exchanged, compared to its average volume of 412,428. Nationstar Mortgage Holdings Inc. has a fifty-two week low of $14.67 and a fifty-two week high of $20.71. The stock has a market capitalization of $1,719.01, a price-to-earnings ratio of 11.50 and a beta of 1.42. 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 earnings results on Thursday, November 2nd. The financial services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Nationstar Mortgage had a net margin of 9.34% and a return on equity of 8.88%. The firm had revenue of $406.00 million for the quarter, compared to analysts’ expectations of $481.67 million. During the same quarter last year, the company earned $0.52 earnings per share. equities analysts expect that Nationstar Mortgage Holdings Inc. will post 1.5 EPS for the current fiscal year.

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About Nationstar Mortgage

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 (NYSE:NSM)

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