Nationstar Mortgage Holdings Inc. (NYSE:NSM) has received an average recommendation of “Hold” from the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $18.33.
NSM has been the subject of a number of analyst reports. BidaskClub downgraded Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Zacks Investment Research raised Nationstar Mortgage Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. Piper Jaffray Companies reissued a “sell” rating and set a $15.00 target price on shares of Nationstar Mortgage Holdings in a research note on Thursday, August 3rd. Oppenheimer Holdings, Inc. set a $19.00 target price on Nationstar Mortgage Holdings and gave the stock a “buy” rating in a research note on Monday, May 8th. Finally, ValuEngine raised Nationstar Mortgage Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd.
Several large investors have recently made changes to their positions in the stock. Nationwide Fund Advisors increased its position in Nationstar Mortgage Holdings by 0.8% in the first quarter. Nationwide Fund Advisors now owns 19,990 shares of the financial services provider’s stock valued at $315,000 after buying an additional 163 shares during the last quarter. Stifel Financial Corp increased its position in Nationstar Mortgage Holdings by 10.5% in the first quarter. Stifel Financial Corp now owns 13,125 shares of the financial services provider’s stock valued at $207,000 after buying an additional 1,245 shares during the last quarter. Teachers Advisors LLC increased its position in Nationstar Mortgage Holdings by 2.3% in the first quarter. Teachers Advisors LLC now owns 56,170 shares of the financial services provider’s stock valued at $885,000 after buying an additional 1,287 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Nationstar Mortgage Holdings by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 154,165 shares of the financial services provider’s stock valued at $2,759,000 after buying an additional 1,751 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in Nationstar Mortgage Holdings by 14.7% in the second quarter. Voya Investment Management LLC now owns 16,775 shares of the financial services provider’s stock valued at $300,000 after buying an additional 2,156 shares during the last quarter. 98.36% of the stock is owned by hedge funds and other institutional investors.
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Shares of Nationstar Mortgage Holdings (NSM) traded down 2.16% during midday trading on Friday, hitting $16.74. 223,803 shares of the company were exchanged. Nationstar Mortgage Holdings has a one year low of $14.05 and a one year high of $19.83. The company has a 50-day moving average of $17.79 and a 200 day moving average of $17.32. The company has a market capitalization of $1.64 billion, a P/E ratio of 7.32 and a beta of 1.47.
Nationstar Mortgage Holdings (NYSE:NSM) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.09. The business 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 quarter in the previous year, the firm earned $0.52 earnings per share. On average, equities research analysts expect that Nationstar Mortgage Holdings will post $1.28 earnings per share for the current fiscal year.
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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