Oxford Asset Management decreased its stake in Nationstar Mortgage Holdings Inc. (NYSE:NSM) by 19.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 393,587 shares of the company’s stock after selling 94,001 shares during the period. Oxford Asset Management’s holdings in Nationstar Mortgage Holdings were worth $7,108,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of Nationstar Mortgage Holdings during the fourth quarter valued at $134,000. Meeder Asset Management Inc. acquired a new position in shares of Nationstar Mortgage Holdings during the third quarter valued at $140,000. Acrospire Investment Management LLC increased its position in shares of Nationstar Mortgage Holdings by 44.5% in the third quarter. Acrospire Investment Management LLC now owns 12,012 shares of the company’s stock valued at $178,000 after buying an additional 3,700 shares during the period. BlackRock Inc. increased its position in shares of Nationstar Mortgage Holdings by 81.1% in the third quarter. BlackRock Inc. now owns 21,545 shares of the company’s stock valued at $320,000 after buying an additional 9,650 shares during the period. Finally, Quantitative Investment Management LLC acquired a new position in shares of Nationstar Mortgage Holdings during the third quarter valued at $441,000.
Shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) traded up 0.36% during mid-day trading on Monday, reaching $19.54. 275,467 shares of the company were exchanged. The firm’s 50-day moving average is $18.21 and its 200-day moving average is $16.35. The company’s market capitalization is $1.90 billion. Nationstar Mortgage Holdings Inc. has a 12 month low of $8.67 and a 12 month high of $19.83.
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Several research analysts have weighed in on NSM shares. Nomura started coverage on Nationstar Mortgage Holdings in a report on Wednesday, October 26th. They issued a “buy” rating for the company. Compass Point reiterated a “sell” rating on shares of Nationstar Mortgage Holdings in a report on Thursday, January 12th. Oppenheimer Holdings, Inc. set a $17.00 price target on Nationstar Mortgage Holdings and gave the company a “buy” rating in a report on Wednesday, November 2nd. Barclays PLC reissued a “hold” rating and set a $15.00 price objective on shares of Nationstar Mortgage Holdings in a research note on Thursday, November 3rd. Finally, Zacks Investment Research cut shares of Nationstar Mortgage Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.89.
Nationstar Mortgage Holdings Company Profile
Nationstar Mortgage Holdings Inc provides servicing, origination and transaction based services principally to single-family residences throughout the United States. The Company operates through three segments: Servicing, Originations and Xome. The Company also operate an integrated residential loan origination platform that is primarily focused on customer retention.
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