Shares of Nationstar Mortgage Holdings Inc (NYSE:NSM) have been assigned an average rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $18.50.
A number of equities analysts recently weighed in on NSM shares. Zacks Investment Research lowered shares of Nationstar Mortgage from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Piper Jaffray Companies restated a “hold” rating and issued a $18.00 price objective on shares of Nationstar Mortgage in a report on Thursday, January 11th. ValuEngine lowered shares of Nationstar Mortgage from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $20.00 price objective on shares of Nationstar Mortgage in a report on Thursday, October 26th.
A number of large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its position in Nationstar Mortgage by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 154,165 shares of the financial services provider’s stock worth $2,759,000 after purchasing an additional 1,751 shares during the period. Voya Investment Management LLC grew its position in Nationstar Mortgage by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 16,775 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 2,156 shares during the period. Proxima Capital Management LLC grew its position in Nationstar Mortgage by 0.5% in the 2nd quarter. Proxima Capital Management LLC now owns 613,240 shares of the financial services provider’s stock worth $10,971,000 after purchasing an additional 3,240 shares during the period. Convergence Investment Partners LLC grew 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 during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in Nationstar Mortgage in the 2nd quarter worth approximately $160,000. 98.39% of the stock is owned by institutional investors and hedge funds.
Nationstar Mortgage (NYSE:NSM) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Nationstar Mortgage had a net margin of 9.34% and a return on equity of 8.88%. The firm had revenue of $406.00 million during the quarter, compared to analyst estimates of $481.67 million. During the same period last year, the business earned $0.52 earnings per share. analysts forecast that Nationstar Mortgage will post 1.58 earnings per share for the current year.
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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