Nationstar Mortgage Holdings Inc. (NYSE:NSM) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Tuesday.

NSM has been the topic of several other research reports. Zacks Investment Research cut shares of Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, May 6th. Barclays PLC cut shares of Nationstar Mortgage Holdings from an “equal weight” rating to an “underweight” rating and set a $15.00 price objective on the stock. in a research report on Thursday, February 23rd. Compass Point upgraded shares of Nationstar Mortgage Holdings from a “sell” rating to a “neutral” rating in a research report on Tuesday, April 4th. Piper Jaffray Companies reduced their price objective on shares of 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. Finally, Wedbush began coverage on shares of Nationstar Mortgage Holdings in a research report on Monday, March 27th. They set an “outperform” rating and a $19.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $17.86.

Analyst Recommendations for Nationstar Mortgage Holdings (NYSE:NSM)

Nationstar Mortgage Holdings (NYSE NSM) traded up 1.59% during trading on Tuesday, reaching $17.93. 229,023 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $16.88 and its 200-day moving average is $17.39. The company has a market cap of $1.75 billion, a P/E ratio of 11.67 and a beta of 1.54. Nationstar Mortgage Holdings has a 12-month low of $10.19 and a 12-month high of $19.83.

Nationstar Mortgage Holdings (NYSE:NSM) last released its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.03. The company had revenue of $427 million for the quarter, compared to the consensus estimate of $455.18 million. Nationstar Mortgage Holdings had a net margin of 7.30% and a return on equity of 10.61%. The company’s quarterly revenue was up 61.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. Analysts predict that Nationstar Mortgage Holdings will post $1.28 EPS for the current fiscal year.

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In other news, Director Michael D. Malone acquired 30,000 shares of the company’s stock in a transaction on Wednesday, March 29th. The stock was bought at an average cost of $15.95 per share, with a total value of $478,500.00. Following the completion of the purchase, the director now directly owns 66,059 shares of the company’s stock, valued at $1,053,641.05. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 67.20% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors raised 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. Pacad Investment Ltd. raised 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 valued at $155,000 after buying an additional 192 shares during the last quarter. Stifel Financial Corp raised 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 raised 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. Finally, Bayesian Capital Management LP raised its position in Nationstar Mortgage Holdings by 26.7% in the fourth quarter. Bayesian Capital Management LP now owns 15,076 shares of the financial services provider’s stock valued at $272,000 after buying an additional 3,176 shares during the last quarter. 99.98% of the stock is owned by 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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