Convergence Investment Partners LLC Boosts Position in Nationstar Mortgage Holdings Inc. (NYSE:NSM)

Convergence Investment Partners LLC boosted its stake in shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) by 11.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,420 shares of the financial services provider’s stock after acquiring an additional 7,930 shares during the quarter. Convergence Investment Partners LLC owned about 0.08% of Nationstar Mortgage worth $1,419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Nationstar Mortgage by 44.4% during the third quarter. Dimensional Fund Advisors LP now owns 895,132 shares of the financial services provider’s stock valued at $16,622,000 after buying an additional 275,248 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Nationstar Mortgage by 15.9% in the third quarter. Wells Fargo & Company MN now owns 151,223 shares of the financial services provider’s stock valued at $2,809,000 after purchasing an additional 20,698 shares during the period. American Century Companies Inc. boosted its holdings in shares of Nationstar Mortgage by 73.2% in the third quarter. American Century Companies Inc. now owns 191,400 shares of the financial services provider’s stock valued at $3,554,000 after purchasing an additional 80,909 shares during the period. First Trust Advisors LP boosted its holdings in shares of Nationstar Mortgage by 99.6% in the third quarter. First Trust Advisors LP now owns 90,805 shares of the financial services provider’s stock valued at $1,686,000 after purchasing an additional 45,309 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Nationstar Mortgage in the third quarter valued at approximately $383,000. 98.42% of the stock is currently owned by institutional investors.

NSM has been the subject of a number of analyst reports. ValuEngine lowered Nationstar Mortgage from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Piper Jaffray Companies upgraded Nationstar Mortgage from an “underweight” rating to a “neutral” rating in a report on Tuesday, November 21st. Zacks Investment Research raised Nationstar Mortgage from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $20.00 price target on shares of Nationstar Mortgage in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $18.33.

Shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) traded down $0.36 during trading on Friday, reaching $18.50. 238,403 shares of the company were exchanged, compared to its average volume of 327,489. The stock has a market cap of $1,843.12, a price-to-earnings ratio of 9.74 and a beta of 1.42. Nationstar Mortgage Holdings Inc. has a 1 year low of $14.67 and a 1 year 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 results on Thursday, November 2nd. The financial services provider reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01. The firm had revenue of $406.00 million for the quarter, compared to analyst estimates 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 posted $0.52 EPS. equities analysts anticipate that Nationstar Mortgage Holdings Inc. will post 1.5 EPS for the current fiscal year.

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Nationstar Mortgage 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 (NYSE:NSM)

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