Nationstar Mortgage Holdings Inc. (NSM) Sees Strong Trading Volume
Shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) saw unusually-high trading volume on Friday . Approximately 772,272 shares were traded during mid-day trading, an increase of 44% from the previous session’s volume of 535,816 shares.The stock last traded at $12.57 and had previously closed at $12.44.
NSM has been the subject of several research analyst reports. Zacks Investment Research upgraded Nationstar Mortgage Holdings from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a report on Thursday, April 28th. FBR & Co reduced their price objective on Nationstar Mortgage Holdings from $15.00 to $10.00 and set a “hold” rating for the company in a report on Tuesday, May 3rd. Finally, Credit Suisse Group AG reiterated an “outperform” rating on shares of Nationstar Mortgage Holdings in a report on Wednesday, July 6th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Nationstar Mortgage Holdings currently has an average rating of “Hold” and an average target price of $15.71.
The stock’s market capitalization is $1.30 billion. The stock’s 50 day moving average price is $11.61 and its 200-day moving average price is $11.18.
Nationstar Mortgage Holdings (NYSE:NSM) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by $0.08. The company earned $345.50 million during the quarter, compared to analysts’ expectations of $353.90 million. Nationstar Mortgage Holdings’s revenue was down 31.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.53) EPS. Analysts anticipate that Nationstar Mortgage Holdings Inc. will post $1.28 earnings per share for the current year.
Other large investors recently modified their holdings of the company. Diamond Hill Capital Management Inc. boosted 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 worth $82,896,000 after buying an additional 887,702 shares during the period. Whitebox Advisors LLC boosted 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 worth $7,740,000 after buying an additional 64,399 shares during the period. Finally, Dimensional Fund Advisors LP boosted 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 worth $1,955,000 after buying an additional 7,561 shares during the period.
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 also operate an integrated residential loan origination platform that is primarily focused on customer retention.
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