Nationstar Mortgage Holdings Inc. (NYSE:NSM) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday, June 29th.
Several other equities analysts also recently weighed in on the company. Oppenheimer Holdings, Inc. set a $19.00 target price on Nationstar Mortgage Holdings and gave the company a “buy” rating in a research report on Monday, May 8th. Piper Jaffray Companies lowered their target price on Nationstar Mortgage Holdings from $15.00 to $14.50 and set an “underweight” rating on the stock in a research report on Wednesday, March 22nd. Wedbush started coverage on Nationstar Mortgage Holdings in a research report on Monday, March 27th. They issued an “outperform” rating and a $19.00 price objective on the stock. Compass Point upgraded Nationstar Mortgage Holdings from a “sell” rating to a “neutral” rating in a research report on Tuesday, April 4th. Finally, Zacks Investment Research upgraded Nationstar Mortgage Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.05.
Nationstar Mortgage Holdings (NYSE NSM) traded down 1.60% during mid-day trading on Thursday, reaching $17.80. The company had a trading volume of 211,855 shares. The firm has a market capitalization of $1.74 billion, a P/E ratio of 11.58 and a beta of 1.48. Nationstar Mortgage Holdings has a one year low of $11.76 and a one year high of $19.83. The firm’s 50-day moving average is $17.94 and its 200-day moving average is $17.35.
Nationstar Mortgage Holdings (NYSE:NSM) last released its earnings results on Thursday, May 4th. The financial services provider reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The company had revenue of $427 million for 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 revenue for the quarter was up 61.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. On average, equities research analysts anticipate that Nationstar Mortgage Holdings will post $1.28 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in Nationstar Mortgage Holdings during the first quarter worth approximately $103,000. Russell Investments Group Ltd. acquired a new position in Nationstar Mortgage Holdings during the fourth quarter worth approximately $134,000. Pacad Investment Ltd. boosted its position in Nationstar Mortgage Holdings by 2.3% in the fourth quarter. Pacad Investment Ltd. now owns 8,600 shares of the financial services provider’s stock worth $155,000 after buying an additional 192 shares in the last quarter. Two Sigma Securities LLC acquired a new position in Nationstar Mortgage Holdings during the first quarter worth approximately $161,000. Finally, Koch Industries Inc. acquired a new position in Nationstar Mortgage Holdings during the first quarter worth approximately $182,000. 99.88% of the stock is currently owned by hedge funds and other institutional investors.
About Nationstar Mortgage Holdings
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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