Rubric Capital Management Lowers stake in Nationstar Mortgage Holdings Inc (NSM)

Nationstar Mortgage Holdings Inc (NSM) : Rubric Capital Management reduced its stake in Nationstar Mortgage Holdings Inc by 95.67% during the most recent quarter end. The investment management company now holds a total of 221,082 shares of Nationstar Mortgage Holdings Inc which is valued at $3,356,025 after selling 4,878,918 shares in Nationstar Mortgage Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Nationstar Mortgage Holdings Inc makes up approximately 39.24% of Rubric Capital Management’s portfolio.

Other Hedge Funds, Including , Hbk Investments L P added NSM to its portfolio by purchasing 24,600 company shares during the most recent quarter which is valued at $373,428. Nationstar Mortgage Holdings Inc makes up approx 0.01% of Hbk Investments L P’s portfolio.Renaissance Technologies reduced its stake in NSM by selling 154,100 shares or 83.3% in the most recent quarter. The Hedge Fund company now holds 30,900 shares of NSM which is valued at $469,062.Group One Trading reduced its stake in NSM by selling 31,304 shares or 79.5% in the most recent quarter. The Hedge Fund company now holds 8,071 shares of NSM which is valued at $122,518. Nationstar Mortgage Holdings Inc makes up approx 0.01% of Group One Trading’s portfolio. Tfs Capital sold out all of its stake in NSM during the most recent quarter. The investment firm sold 15,008 shares of NSM which is valued $227,821.

Nationstar Mortgage Holdings Inc opened for trading at $15.97 and hit $16.12 on the upside on Thursday, eventually ending the session at $16.07, with a gain of 1.20% or 0.19 points. The heightened volatility saw the trading volume jump to 4,56,381 shares. Company has a market cap of $1,565 M.

On the company’s financial health, Nationstar Mortgage Holdings Inc reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.43. The company had revenue of $339.00 million for the quarter, compared to analysts expectations of $519.08 million. The company’s revenue was down -45.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.32 EPS.

Nationstar Mortgage Holdings Inc. (Nationstar) is a real estate services company engaged in delivery of servicing origination and transaction-based services to single-family residences throughout the United States. Its segments are: Servicing Originations and Solutionstar. The Company provides residential mortgage servicers in the United States conducting operations through its Nationstar Mortgage and Champion Mortgage brands. Solutionstar is the Company’s technology and services segment which provides technology and data solutions to homebuyers home sellers real estate agents and companies that engage in the origination and servicing of loans. It caters to homeowners homebuyers and home sellers.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *