Nationstar Mortgage Holdings Inc. (NSM) Shares Up 1.2%
Nationstar Mortgage Holdings Inc. (NYSE:NSM) shot up 1.2% during trading on Tuesday . The company traded as high as $12.41 and last traded at $12.26, with a volume of 228,475 shares changing hands. The stock had previously closed at $12.12.
A number of brokerages recently commented on NSM. Zacks Investment Research upgraded Nationstar Mortgage Holdings from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a research report on Thursday, April 28th. FBR & Co dropped their target price on Nationstar Mortgage Holdings from $15.00 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, May 3rd. Finally, Credit Suisse Group AG reiterated an “outperform” rating on shares of Nationstar Mortgage Holdings in a research report on Wednesday, July 6th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Nationstar Mortgage Holdings presently has a consensus rating of “Hold” and an average target price of $16.13.
The company has a 50 day moving average of $11.77 and a 200-day moving average of $11.18. The company’s market cap is $1.26 billion.
Nationstar Mortgage Holdings (NYSE:NSM) last issued its earnings results on Wednesday, May 4th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.08. The firm earned $345.50 million during the quarter, compared to analyst estimates of $353.90 million. The business’s quarterly revenue was down 31.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.53) earnings per share. Equities research analysts forecast that Nationstar Mortgage Holdings Inc. will post $1.28 earnings per share for the current year.
Several large investors have modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Nationstar Mortgage Holdings by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 146,252 shares of the company’s stock valued at $1,955,000 after buying an additional 7,561 shares during the period. Whitebox Advisors LLC raised its stake in shares of Nationstar Mortgage Holdings by 12.5% in the fourth quarter. Whitebox Advisors LLC now owns 578,917 shares of the company’s stock valued at $7,740,000 after buying an additional 64,399 shares during the period. Boston Partners raised its stake in shares of Nationstar Mortgage Holdings by 4.9% in the fourth quarter. Boston Partners now owns 1,351,340 shares of the company’s stock valued at $18,067,000 after buying an additional 63,708 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of 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 valued at $82,896,000 after buying an additional 887,702 shares during the period.
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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