Shares last traded at $19.47 just above $18.51, the 50 day moving average and significantly higher than the 200 day moving average of $17.58. The 50 day moving average went up by +5.17% whereas the 200 day average was up by +10.77%. Trading volume for Nationstar Mortgage Holdings In was 1,738K by the end of trading on Tuesday. Shares saw a steep increase in trading volume of 134.43% over the normal average daily volume.
Traders are a little more bullish on shares of Nationstar Mortgage Holdings In of late if you evaluate the motion in short interest. The company had a fall in short interest of -15.52% as of October 13, 2017 from the last reporting period. Short interest decreased 384,019 over that timeframe. Days to cover decreased -3.0 to 6.0 and the percentage of shorted shares was 0.02% on October 13.
The following firms have recently changed their position in NSM. Diamond Hill Capital Management Inc cut its position by shedding 203,256 shares a decrease of 3.0%. Diamond Hill Capital Management Inc now holds 6,555,473 shares with a value of $121,735,000. The total value of its holdings increased 0.7%. Nationwide Fund Advisors augmented its holdings by buying 2,600 shares an increase of 13.9% as of 09/30/2017. Nationwide Fund Advisors currently owns 21,265 shares valued at $395,000. The value of the position overall is up by 18.3%.
First Trust Advisors Lp added to its investment by buying 45,309 shares an increase of 99.6% in the quarter. First Trust Advisors Lp controls 90,805 shares worth $1,686,000. The total value of its holdings increased 107.1%. As of quarter end Simplex Trading, LLC had acquired 2,664 shares growing its position 20.0%. The value of the investment in (NSM) increased from $238,000 to $297,000 increasing 24.8% since the last quarter.
The P/E ratio is currently 8.52 and the market cap is 1.90B. As of the latest earnings report the EPS was $2.29 and is expected to be $1.28 for the current year with 97,751,000 shares outstanding. Next quarter’s EPS is forecasted at $0.43 with next year’s EPS projected to be $1.85.
Nationstar Mortgage Holdings Inc., launched on May 9, 2011, 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 provides residential loan services in the United States. The Company also operates an integrated residential loan origination platform that is primarily focused on customer retention. Its Xome subsidiary offers an array of complementary services related to the purchase and disposition of residential real estate..