Tam Capital Management buys $2,879,965 stake in Nationstar Mortgage Holdings Inc (NSM)

Nationstar Mortgage Holdings Inc (NSM) : Tam Capital Management scooped up 76,749 additional shares in Nationstar Mortgage Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 189,721 shares of Nationstar Mortgage Holdings Inc which is valued at $2,879,965.Nationstar Mortgage Holdings Inc makes up approximately 11.15% of Tam Capital Management’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp sold out all of its stake in NSM during the most recent quarter. The investment firm sold 572,533 shares of NSM which is valued $8,691,051.Geode Capital Management reduced its stake in NSM by selling 2,381 shares or 0.97% in the most recent quarter. The Hedge Fund company now holds 243,969 shares of NSM which is valued at $3,703,449.Tiaa Cref Investment Management reduced its stake in NSM by selling 8,564 shares or 7.25% in the most recent quarter. The Hedge Fund company now holds 109,535 shares of NSM which is valued at $1,662,741. Quantitative Investment Management sold out all of its stake in NSM during the most recent quarter. The investment firm sold 46,500 shares of NSM which is valued $651,465.

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.

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