Zacks Investment Research upgraded shares of Nationstar Mortgage (NYSE:NSM) from a sell rating to a hold rating in a research note released on Wednesday, December 20th.
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 also recently issued reports on the company. ValuEngine upgraded Nationstar Mortgage from a buy rating to a strong-buy rating in a report on Friday, December 1st. Piper Jaffray Companies upgraded Nationstar Mortgage from an underweight rating to a neutral rating in a report on Tuesday, November 21st. Finally, Keefe, Bruyette & Woods reiterated a hold rating and set a $20.00 target price on shares of Nationstar Mortgage in a report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $18.67.
Shares of Nationstar Mortgage (NYSE:NSM) opened at $18.94 on Wednesday. Nationstar Mortgage has a 52 week low of $14.67 and a 52 week high of $20.71. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 6.26. The firm has a market capitalization of $1,850.93, a PE ratio of 9.97 and a beta of 1.42.
Nationstar Mortgage (NYSE:NSM) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Nationstar Mortgage had a return on equity of 8.88% and a net margin of 9.34%. The company had revenue of $406.00 million during the quarter, compared to analyst estimates of $481.67 million. During the same quarter in the previous year, the company posted $0.52 EPS. analysts expect that Nationstar Mortgage will post 1.5 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in NSM. Teachers Advisors LLC lifted its holdings in shares of Nationstar Mortgage by 2.3% during the 1st 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 period. Dimensional Fund Advisors LP lifted its holdings in shares of Nationstar Mortgage by 123.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 360,424 shares of the financial services provider’s stock valued at $5,681,000 after buying an additional 199,131 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Nationstar Mortgage by 11.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 152,414 shares of the financial services provider’s stock valued at $2,403,000 after buying an additional 16,153 shares during the period. First Trust Advisors LP increased its stake in shares of Nationstar Mortgage by 61.1% in the 2nd quarter. First Trust Advisors LP now owns 45,496 shares of the financial services provider’s stock worth $814,000 after purchasing an additional 17,255 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Nationstar Mortgage by 256.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,020 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 4,332 shares in the last quarter. 98.42% of the stock is currently owned by institutional investors and hedge funds.
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Nationstar Mortgage 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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