Shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) dropped 8.4% during mid-day trading on Tuesday . The stock traded as low as $10.19 and last traded at $10.39, with a volume of 525,400 shares trading hands. The stock had previously closed at $11.34.

NSM has been the subject of several research reports. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Nationstar Mortgage Holdings in a research note on Sunday, March 27th. Zacks Investment Research lowered shares of Nationstar Mortgage Holdings from a “strong-buy” rating to a “hold” rating in a report on Friday, May 6th. Finally, FBR & Co decreased their target price on shares of Nationstar Mortgage Holdings from $15.00 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, May 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.13.

The company’s 50 day moving average price is $11.96 and its 200 day moving average price is $11.26. The stock’s market cap is $1.13 billion.

Nationstar Mortgage Holdings (NYSE:NSM) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.08. The firm had revenue of $345.50 million for the quarter, compared to analyst estimates of $353.90 million. Nationstar Mortgage Holdings’s quarterly revenue was down 31.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.53) EPS. On average, analysts anticipate that Nationstar Mortgage Holdings Inc. will post $1.28 earnings per share for the current year.

A number of large investors recently added to or reduced their stakes in NSM. Whitebox Advisors LLC increased its stake in Nationstar Mortgage Holdings by 12.5% in the fourth quarter. Whitebox Advisors LLC now owns 578,917 shares of the company’s stock worth $7,740,000 after buying an additional 64,399 shares during the last quarter. Boston Partners increased its stake in Nationstar Mortgage Holdings by 4.9% in the fourth quarter. Boston Partners now owns 1,351,340 shares of the company’s stock worth $18,067,000 after buying an additional 63,708 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its stake in Nationstar Mortgage Holdings by 16.7% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 6,200,177 shares of the company’s stock worth $82,896,000 after buying an additional 887,702 shares during the last quarter.

Nationstar Mortgage Holdings Inc (Nationstar) is a real estate services company engaged in delivery of servicing, origination and transaction-based services to single-family residences throughout the United States. Its segments are: Servicing, Originations and Solutionstar. The Company provides residential mortgage servicers in the United States conducting operations through its Nationstar Mortgage and Champion Mortgage brands.

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