Nationstar Mortgage Holdings Inc. (NYSE:NSM) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) from a buy rating to a hold rating in a research report sent to investors on Friday, July 28th.

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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. “

A number of other research analysts have also weighed in on the stock. BidaskClub raised shares of Nationstar Mortgage Holdings from a sell rating to a hold rating in a report on Thursday, June 29th. TheStreet raised shares of Nationstar Mortgage Holdings from a d+ rating to a c- rating in a research note on Monday, June 26th. ValuEngine raised shares of Nationstar Mortgage Holdings from a buy rating to a strong-buy rating in a research note on Friday, June 2nd. Oppenheimer Holdings, Inc. set a $19.00 price objective on shares of Nationstar Mortgage Holdings and gave the stock a buy rating in a research note on Monday, May 8th. Finally, Keefe, Bruyette & Woods reissued a hold rating and set a $20.00 target price on shares of Nationstar Mortgage Holdings in a research note on Monday, April 10th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $18.50.

Nationstar Mortgage Holdings (NSM) traded up 0.23% during trading on Friday, hitting $17.71. 118,281 shares of the stock traded hands. Nationstar Mortgage Holdings has a 12 month low of $12.61 and a 12 month high of $19.83. The stock has a market cap of $1.73 billion, a PE ratio of 11.52 and a beta of 1.47. The company has a 50-day moving average price of $17.96 and a 200-day moving average price of $17.32.

Nationstar Mortgage Holdings (NYSE:NSM) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. Nationstar Mortgage Holdings had a net margin of 10.52% and a return on equity of 9.71%. The firm had revenue of $380 million during the quarter, compared to analyst estimates of $506.30 million. During the same period last year, the firm posted $0.52 earnings per share. Equities research analysts expect that Nationstar Mortgage Holdings will post $1.28 EPS for the current year.

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Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Nationstar Mortgage Holdings during the first quarter valued at about $103,000. BNP Paribas Arbitrage SA raised its stake in shares of Nationstar Mortgage Holdings by 256.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,020 shares of the financial services provider’s stock worth $108,000 after buying an additional 4,332 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Nationstar Mortgage Holdings during the fourth quarter worth approximately $134,000. Two Sigma Securities LLC purchased a new stake in shares of Nationstar Mortgage Holdings during the first quarter worth approximately $161,000. Finally, Koch Industries Inc. purchased a new stake in shares of Nationstar Mortgage Holdings during the first quarter worth approximately $182,000. Hedge funds and other institutional investors own 99.49% of the company’s stock.

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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