Walter Investment Management Corp. (NYSE:WAC)’s share price was down 6.7% during mid-day trading on Thursday . The company traded as low as $2.34 and last traded at $2.35, with a volume of 135,525 shares traded. The stock had previously closed at $2.52.

A number of equities analysts have recently issued reports on WAC shares. Wunderlich raised Walter Investment Management Corp. from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research raised Walter Investment Management Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 6th. FBR & Co dropped their price target on Walter Investment Management Corp. from $7.00 to $3.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 4th. Finally, Compass Point dropped their price target on Walter Investment Management Corp. from $6.00 to $2.50 and set a “sell” rating on the stock in a research report on Wednesday, May 4th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Walter Investment Management Corp. currently has a consensus rating of “Hold” and a consensus target price of $6.90.

The firm’s 50 day moving average price is $2.90 and its 200 day moving average price is $5.92. The company’s market cap is $84.35 million.

Walter Investment Management Corp. (NYSE:WAC) last posted its earnings results on Tuesday, May 3rd. The company reported ($0.50) EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.78. The business earned $66.77 million during the quarter, compared to the consensus estimate of $305.95 million. During the same quarter in the prior year, the company earned $1.02 EPS. The firm’s revenue for the quarter was down 78.5% on a year-over-year basis. On average, analysts expect that Walter Investment Management Corp. will post ($0.47) EPS for the current year.

A hedge fund recently raised its stake in Walter Investment Management Corp. stock. California Public Employees Retirement System raised its position in shares of Walter Investment Management Corp. (NYSE:WAC) by 10.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 334,000 shares of the company’s stock after buying an additional 32,600 shares during the period. California Public Employees Retirement System owned about 0.88% of Walter Investment Management Corp. worth $4,749,000 as of its most recent SEC filing.

Walter Investment Management Corp. is a diversified mortgage banking firm focused primarily on the servicing and origination of residential loans, including reverse loans. The Company operates through three segments: Servicing, Originations and Reverse Mortgage. The Servicing segment consists of operations that perform servicing for third-party credit owners of mortgage loans, as well as its own mortgage loan portfolio.

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