Nationstar Mortgage Holdings Inc (NSM) : Proxima Capital Management reduced its stake in Nationstar Mortgage Holdings Inc by 30.13% during the most recent quarter end. The investment management company now holds a total of 1,033,850 shares of Nationstar Mortgage Holdings Inc which is valued at $17,089,541 after selling 445,795 shares in Nationstar Mortgage Holdings Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Nationstar Mortgage Holdings Inc makes up approximately 8.22% of Proxima Capital Management’s portfolio.
Other Hedge Funds, Including , Manufacturers Life Insurance Company The reduced its stake in NSM by selling 2,656 shares or 10.57% in the most recent quarter. The Hedge Fund company now holds 22,479 shares of NSM which is valued at $377,198. Springhouse Capital Management Lp sold out all of its stake in NSM during the most recent quarter. The investment firm sold 51,700 shares of NSM which is valued $875,281.Blackrock Institutional Trust Company N.a. reduced its stake in NSM by selling 19,737 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 1,082,446 shares of NSM which is valued at $17,124,296. Quantitative Investment Management added NSM to its portfolio by purchasing 29,800 company shares during the most recent quarter which is valued at $448,490. Nationstar Mortgage Holdings Inc makes up approx 0.02% of Quantitative Investment Management’s portfolio. Livingston Group Asset Management Co (operating As Southp… sold out all of its stake in NSM during the most recent quarter. The investment firm sold 500 shares of NSM which is valued $7,370.
Nationstar Mortgage Holdings Inc closed down -0.07 points or -0.42% at $16.51 with 6,88,362 shares getting traded on Monday. Post opening the session at $16.56, the shares hit an intraday low of $15.95 and an intraday high of $16.6 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Nationstar Mortgage Holdings Inc reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.41. The company had revenue of $542.00 million for the quarter, compared to analysts expectations of $546.65 million. During the same quarter in the previous year, the company posted $0.30 EPS.
Many Wall Street Analysts have commented on Nationstar Mortgage Holdings Inc. Nationstar Mortgage Holdings Inc was Initiated by Nomura to “Buy” on Oct 26, 2016. Nationstar Mortgage Holdings Inc was Initiated by Piper Jaffray to “Neutral” on Sep 9, 2016.
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 Companys 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.