Nationstar Mortgage Target of Unusually High Options Trading (NSM)

Nationstar Mortgage Holdings Inc (NYSE:NSM) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 2,910 put options on the stock. This represents an increase of approximately 2,671% compared to the typical daily volume of 105 put options.

Shares of Nationstar Mortgage (NYSE NSM) opened at $18.87 on Friday. The company has a market capitalization of $1,839.21, a P/E ratio of 9.93 and a beta of 1.42. Nationstar Mortgage has a 52-week low of $14.67 and a 52-week high of $20.71. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.46 and a quick ratio of 0.46.

Nationstar Mortgage (NYSE:NSM) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01. Nationstar Mortgage had a return on equity of 8.88% and a net margin of 9.34%. The firm had revenue of $406.00 million for the quarter, compared to analyst estimates of $481.67 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. equities analysts expect that Nationstar Mortgage will post 1.5 EPS for the current year.

NSM has been the topic of several recent analyst reports. ValuEngine downgraded shares of Nationstar Mortgage from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Piper Jaffray Companies upgraded Nationstar Mortgage from an “underweight” rating to a “neutral” rating in a research report on Tuesday, November 21st. Zacks Investment Research upgraded Nationstar Mortgage from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $20.00 target price on shares of Nationstar Mortgage in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $18.78.

A number of institutional investors have recently added to or reduced their stakes in the business. Convergence Investment Partners LLC boosted its position in Nationstar Mortgage by 6.9% in the 4th quarter. Convergence Investment Partners LLC now owns 81,730 shares of the financial services provider’s stock worth $1,512,000 after purchasing an additional 5,310 shares in the last quarter. Rubric Capital Management LP boosted its position in Nationstar Mortgage by 14.8% in the 3rd quarter. Rubric Capital Management LP now owns 923,774 shares of the financial services provider’s stock worth $17,154,000 after purchasing an additional 119,137 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Nationstar Mortgage in the 3rd quarter worth approximately $486,000. Engineers Gate Manager LP purchased a new stake in Nationstar Mortgage in the 3rd quarter worth approximately $227,000. Finally, Dimensional Fund Advisors LP boosted its position in Nationstar Mortgage by 44.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 895,132 shares of the financial services provider’s stock worth $16,622,000 after purchasing an additional 275,248 shares in the last quarter. 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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