Nationstar Mortgage Holdings Inc. (NYSE:NSM) Receives Consensus Rating of “Hold” from Brokerages
Shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) have received an average rating of “Hold” from the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $17.85.
A number of equities research analysts have recently issued reports 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. Zacks Investment Research raised shares of Nationstar Mortgage Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. TheStreet raised shares of Nationstar Mortgage Holdings from a “d+” rating to a “c-” rating in a report on Monday, June 26th. ValuEngine raised shares of Nationstar Mortgage Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. set a $19.00 price target on shares of Nationstar Mortgage Holdings and gave the company a “buy” rating in a report on Monday, May 8th.
A number of institutional investors have recently made changes to their positions in the company. Nationwide Fund Advisors boosted its stake 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 worth $315,000 after buying an additional 163 shares during the last quarter. James Investment Research Inc. bought a new stake in Nationstar Mortgage Holdings during the first quarter worth approximately $1,660,000. Quotient Investors LLC boosted its stake in Nationstar Mortgage Holdings by 453.9% in the first quarter. Quotient Investors LLC now owns 157,297 shares of the financial services provider’s stock worth $2,479,000 after buying an additional 128,897 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in Nationstar Mortgage Holdings during the fourth quarter worth approximately $763,000. Finally, Teachers Advisors LLC boosted its stake in Nationstar Mortgage Holdings by 7.4% in the fourth quarter. Teachers Advisors LLC now owns 54,883 shares of the financial services provider’s stock worth $991,000 after buying an additional 3,794 shares during the last quarter. 99.93% of the stock is owned by institutional investors and hedge funds.
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Nationstar Mortgage Holdings (NSM) traded down 0.39% during trading on Tuesday, reaching $17.85. The company’s stock had a trading volume of 27,325 shares. The company has a market cap of $1.74 billion, a P/E ratio of 11.61 and a beta of 1.47. The company’s 50 day moving average price is $17.38 and its 200 day moving average price is $17.39. Nationstar Mortgage Holdings has a 52 week low of $11.70 and a 52 week high of $19.83.
Nationstar Mortgage Holdings (NYSE:NSM) last issued its earnings results on Thursday, May 4th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.03. The firm had revenue of $427 million during 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 firm’s revenue for the quarter was up 61.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 earnings per share. On average, equities analysts anticipate that Nationstar Mortgage Holdings will post $1.28 earnings per share for the current fiscal year.
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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