LSV Asset Management raised its stake in shares of Nationstar Mortgage (NYSE:NSM) by 28.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 282,100 shares of the financial services provider’s stock after acquiring an additional 62,900 shares during the quarter. LSV Asset Management owned approximately 0.29% of Nationstar Mortgage worth $5,066,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Ramsey Quantitative Systems acquired a new stake in shares of Nationstar Mortgage during the fourth quarter worth $230,000. MetLife Investment Advisors LLC acquired a new stake in shares of Nationstar Mortgage during the fourth quarter worth $244,000. Paloma Partners Management Co acquired a new stake in shares of Nationstar Mortgage during the fourth quarter worth $297,000. Quinn Opportunity Partners LLC raised its holdings in shares of Nationstar Mortgage by 10.4% during the fourth quarter. Quinn Opportunity Partners LLC now owns 52,787 shares of the financial services provider’s stock worth $977,000 after purchasing an additional 4,982 shares during the period. Finally, Quantitative Investment Management LLC raised its holdings in shares of Nationstar Mortgage by 220.6% during the fourth quarter. Quantitative Investment Management LLC now owns 57,700 shares of the financial services provider’s stock worth $1,067,000 after purchasing an additional 39,700 shares during the period. Hedge funds and other institutional investors own 97.11% of the company’s stock.
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NSM stock opened at $18.34 on Monday. The company has a debt-to-equity ratio of 5.31, a quick ratio of 0.40 and a current ratio of 0.40. Nationstar Mortgage has a fifty-two week low of $15.95 and a fifty-two week high of $20.71. The stock has a market capitalization of $1.80 billion, a P/E ratio of 10.54 and a beta of 1.14.
Nationstar Mortgage (NYSE:NSM) last released its quarterly earnings data on Thursday, May 3rd. The financial services provider reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.04. Nationstar Mortgage had a net margin of 10.38% and a return on equity of 9.85%. The business had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $513.73 million. During the same quarter last year, the company earned $0.30 EPS. The company’s revenue for the quarter was up 34.6% compared to the same quarter last year. research analysts forecast that Nationstar Mortgage will post 1.97 earnings per share for the current fiscal year.
A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Nationstar Mortgage from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. ValuEngine cut shares of Nationstar Mortgage from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Barclays reissued a “sell” rating and set a $19.00 target price (up from $18.00) on shares of Nationstar Mortgage in a report on Friday, March 2nd. Credit Suisse Group dropped their target price on shares of Nationstar Mortgage from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Finally, Piper Jaffray Companies cut shares of Nationstar Mortgage from a “neutral” rating to an “underweight” rating and set a $13.50 target price on the stock. in a report on Tuesday, February 13th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $18.70.
Nationstar Mortgage Company Profile
Nationstar Mortgage Holdings Inc provides servicing, origination, and transaction based services primarily to single-family residences in the United States. It operates in three segments: Servicing, Originations, and Xome. The Servicing segment offers conventional residential mortgage loans and home equity conversion loans.