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.
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.
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