Nationstar Mortgage (NYSE:NSM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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 equities analysts have also recently commented on NSM. ValuEngine upgraded Nationstar Mortgage from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 price target on shares of Nationstar Mortgage in a report on Thursday, October 26th. Finally, Piper Jaffray Companies upgraded Nationstar Mortgage from an “underweight” rating to a “neutral” rating in a report on Tuesday, November 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.78.

Shares of Nationstar Mortgage (NYSE:NSM) opened at $18.64 on Wednesday. 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 stock has a market capitalization of $1,850.94, a PE ratio of 9.81 and a beta of 1.42. Nationstar Mortgage has a 12-month low of $14.67 and a 12-month high of $20.71.

Nationstar Mortgage (NYSE:NSM) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.44 EPS for the quarter, topping 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 business had revenue of $406.00 million during the quarter, compared to analysts’ expectations of $481.67 million. During the same quarter last year, the company posted $0.52 earnings per share. research analysts expect that Nationstar Mortgage will post 1.5 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Convergence Investment Partners LLC boosted its holdings in shares of Nationstar Mortgage by 6.9% during the fourth quarter. Convergence Investment Partners LLC now owns 81,730 shares of the financial services provider’s stock worth $1,512,000 after acquiring an additional 5,310 shares during the period. Rubric Capital Management LP boosted its holdings in shares of Nationstar Mortgage by 14.8% during the third quarter. Rubric Capital Management LP now owns 923,774 shares of the financial services provider’s stock worth $17,154,000 after acquiring an additional 119,137 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Nationstar Mortgage during the third quarter worth approximately $486,000. Engineers Gate Manager LP bought a new stake in shares of Nationstar Mortgage during the third quarter worth approximately $227,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Nationstar Mortgage by 44.4% during the third quarter. Dimensional Fund Advisors LP now owns 895,132 shares of the financial services provider’s stock worth $16,622,000 after acquiring an additional 275,248 shares during the period. Institutional investors and hedge funds own 98.42% of the company’s stock.

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About Nationstar Mortgage

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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