Nationstar Mortgage Target of Unusually Large Options Trading (NSM)
Nationstar Mortgage Holdings Inc (NYSE:NSM) was the recipient of unusually large options trading activity on Tuesday. Stock traders purchased 3,912 call options on the stock. This represents an increase of approximately 1,886% compared to the typical volume of 197 call options.
Nationstar Mortgage (NYSE NSM) opened at $18.66 on Friday. The company has a market cap of $1,821.62, a PE ratio of 9.82 and a beta of 1.42. Nationstar Mortgage has a 12 month low of $14.67 and a 12 month 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.
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 the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The company had revenue of $406.00 million for the quarter, compared to the consensus estimate of $481.67 million. Nationstar Mortgage had a net margin of 9.34% and a return on equity of 8.88%. During the same quarter last year, the firm posted $0.52 EPS. analysts forecast that Nationstar Mortgage will post 1.5 earnings per share for the current fiscal year.
Several research firms recently commented on NSM. Zacks Investment Research downgraded shares of Nationstar Mortgage from a “buy” rating to a “hold” rating in a research note on Wednesday. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $18.00 price target on shares of Nationstar Mortgage in a research note on Thursday, January 11th. ValuEngine raised shares of Nationstar Mortgage from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 price target on shares of Nationstar Mortgage in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $18.78.
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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