Nationstar Mortgage Holdings Inc. (NYSE:NSM) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) from a strong sell rating to a hold rating in a research note released on Wednesday morning.

According to Zacks, “Nationstar Mortgage Holdings, Inc. is a mortgage lender. It services loans throughout the United States and originates primarily conventional agency and government residential mortgage loans and also offers a diverse array of complementary services for mortgage investors. Nationstar Mortgage Holdings, Inc. is headquartered in Lewisville, Texas. “

NSM has been the topic of several other research reports. ValuEngine upgraded Nationstar Mortgage Holdings from a buy rating to a strong-buy rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods restated a hold rating and set a $20.00 price target on shares of Nationstar Mortgage Holdings in a report on Monday, April 10th. Oppenheimer Holdings, Inc. set a $19.00 price target on Nationstar Mortgage Holdings and gave the stock a buy rating in a report on Monday, May 8th. Piper Jaffray Companies cut their price target on Nationstar Mortgage Holdings from $15.00 to $14.50 and set an underweight rating on the stock in a report on Wednesday, March 22nd. Finally, Wedbush initiated coverage on Nationstar Mortgage Holdings in a report on Monday, March 27th. They set an outperform rating and a $19.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $17.86.

Nationstar Mortgage Holdings (NSM) traded up 1.46% during trading on Wednesday, hitting $18.10. The stock had a trading volume of 129,549 shares. Nationstar Mortgage Holdings has a one year low of $11.18 and a one year high of $19.83. The firm has a 50 day moving average of $17.38 and a 200-day moving average of $17.39. The company has a market cap of $1.77 billion, a P/E ratio of 11.78 and a beta of 1.48.

Nationstar Mortgage Holdings (NYSE:NSM) last posted its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The firm had revenue of $427 million during the quarter, compared to analysts’ expectations of $455.18 million. Nationstar Mortgage Holdings had a net margin of 7.30% and a return on equity of 10.61%. Nationstar Mortgage Holdings’s quarterly revenue was up 61.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. Equities analysts anticipate that Nationstar Mortgage Holdings will post $1.28 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was first posted by WKRB News and is the property of of WKRB News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.wkrb13.com/markets/2285898/nationstar-mortgage-holdings-inc-nysensm-upgraded-at-zacks-investment-research.html.

Hedge funds have recently made changes to their positions in the stock. Ranger Global Real Estate Advisors LLC purchased a new stake in shares of Nationstar Mortgage Holdings during the first quarter worth about $2,556,000. Tudor Investment Corp ET AL boosted its stake in shares of Nationstar Mortgage Holdings by 330.1% in the first quarter. Tudor Investment Corp ET AL now owns 66,459 shares of the financial services provider’s stock worth $1,047,000 after buying an additional 51,006 shares during the period. Paloma Partners Management Co purchased a new stake in shares of Nationstar Mortgage Holdings during the first quarter worth about $318,000. Highbridge Capital Management LLC boosted its stake in shares of Nationstar Mortgage Holdings by 54.0% in the first quarter. Highbridge Capital Management LLC now owns 65,031 shares of the financial services provider’s stock worth $1,025,000 after buying an additional 22,808 shares during the period. Finally, Two Sigma Securities LLC purchased a new stake in shares of Nationstar Mortgage Holdings during the first quarter worth about $161,000. 99.91% of the stock is owned by hedge funds and other institutional investors.

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 provides residential loan services in the United States.

Get a free copy of the Zacks research report on Nationstar Mortgage Holdings (NSM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Nationstar Mortgage Holdings (NYSE:NSM)

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2285898/nationstar-mortgage-holdings-inc-nysensm-upgraded-at-zacks-investment-research.html

Receive News & Ratings for Nationstar Mortgage Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nationstar Mortgage Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.