Nationstar Mortgage Holdings Inc (NSM) Short Interest Down 99.1% in July

Nationstar Mortgage Holdings Inc (NYSE:NSM) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 14,669 shares, a drop of 99.1% from the July 13th total of 1,703,282 shares. Based on an average trading volume of 384,040 shares, the short-interest ratio is presently 0.0 days.

A number of institutional investors have recently added to or reduced their stakes in the business. Rubric Capital Management LP increased its stake in Nationstar Mortgage by 65.3% during the 1st quarter. Rubric Capital Management LP now owns 2,603,611 shares of the financial services provider’s stock valued at $46,761,000 after buying an additional 1,028,611 shares during the period. Dimensional Fund Advisors LP increased its stake in Nationstar Mortgage by 16.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,726,185 shares of the financial services provider’s stock valued at $31,002,000 after buying an additional 237,633 shares during the period. Northern Trust Corp increased its stake in Nationstar Mortgage by 3.5% during the 1st quarter. Northern Trust Corp now owns 357,196 shares of the financial services provider’s stock valued at $6,415,000 after buying an additional 12,197 shares during the period. Bank of New York Mellon Corp increased its stake in Nationstar Mortgage by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 292,395 shares of the financial services provider’s stock valued at $5,125,000 after buying an additional 7,915 shares during the period. Finally, American Century Companies Inc. increased its stake in Nationstar Mortgage by 1.6% during the 1st quarter. American Century Companies Inc. now owns 283,057 shares of the financial services provider’s stock valued at $5,084,000 after buying an additional 4,559 shares during the period. 96.99% of the stock is currently owned by hedge funds and other institutional investors.

Nationstar Mortgage stock opened at $18.27 on Friday. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 12.34 and a beta of 1.09. 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 52 week low of $15.95 and a 52 week high of $20.71.

Nationstar Mortgage (NYSE:NSM) last released its earnings results on Tuesday, July 17th. The financial services provider reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The firm had revenue of $444.00 million for the quarter, compared to analysts’ expectations of $446.20 million. Nationstar Mortgage had a net margin of 14.19% and a return on equity of 10.28%. Nationstar Mortgage’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS. research analysts forecast that Nationstar Mortgage will post 2.3 earnings per share for the current year.

A number of analysts recently weighed in on the stock. ValuEngine raised shares of Nationstar Mortgage from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. Barclays increased their price objective on shares of Nationstar Mortgage from $19.00 to $20.00 and gave the stock a “sell” rating in a report on Wednesday, July 18th. Keefe, Bruyette & Woods raised shares of Nationstar Mortgage from a “market perform” rating to an “outperform” rating and set a $14.50 price objective on the stock in a report on Monday, July 30th. Finally, Zacks Investment Research raised shares of Nationstar Mortgage from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $17.80.

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.

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