Zacks Investment Research lowered shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) from a buy rating to a hold rating in a report published on Friday, July 28th.
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 analysts also recently issued reports on NSM. TheStreet raised Nationstar Mortgage Holdings from a d+ rating to a c- rating in a report on Monday, June 26th. BidaskClub raised Nationstar Mortgage Holdings from a strong sell rating to a sell rating in a report on Tuesday, June 13th. Keefe, Bruyette & Woods reissued a hold rating and issued a $20.00 target price on shares of Nationstar Mortgage Holdings in a report on Monday, April 10th. ValuEngine upgraded Nationstar Mortgage Holdings from a buy rating to a strong-buy rating in a research report on Friday, June 2nd. Finally, Compass Point upgraded Nationstar Mortgage Holdings from a sell rating to a neutral rating in a research report on Tuesday, April 4th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Nationstar Mortgage Holdings currently has an average rating of Hold and an average target price of $18.50.
Shares of Nationstar Mortgage Holdings (NSM) traded up 0.18% during midday trading on Friday, hitting $17.13. 52,167 shares of the stock were exchanged. The firm’s 50 day moving average price is $17.86 and its 200-day moving average price is $17.33. The stock has a market cap of $1.67 billion, a P/E ratio of 7.49 and a beta of 1.47. Nationstar Mortgage Holdings has a 52-week low of $14.05 and a 52-week high of $19.83.
Nationstar Mortgage Holdings (NYSE:NSM) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.09. The company had revenue of $380 million during the quarter, compared to the consensus estimate of $506.30 million. Nationstar Mortgage Holdings had a return on equity of 9.64% and a net margin of 10.52%. During the same period in the previous year, the business earned $0.52 EPS. On average, equities research analysts expect that Nationstar Mortgage Holdings will post $1.28 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of NSM. SG Americas Securities LLC acquired a new position in shares of Nationstar Mortgage Holdings during the first quarter worth $103,000. BNP Paribas Arbitrage SA raised its position 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. acquired a new position in shares of Nationstar Mortgage Holdings during the fourth quarter worth $134,000. Cubist Systematic Strategies LLC acquired a new position in shares of Nationstar Mortgage Holdings during the second quarter worth $160,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Nationstar Mortgage Holdings during the first quarter worth $161,000. 98.36% of the stock is currently owned by 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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