Shares of Ocwen Financial Corporation (NYSE:OCN) saw unusually-high trading volume on Tuesday . Approximately 7,079,297 shares traded hands during trading, an increase of 125% from the previous session’s volume of 3,148,593 shares.The stock last traded at $2.66 and had previously closed at $2.31.

A number of equities research analysts have recently weighed in on OCN shares. Oppenheimer Holdings Inc. reiterated a “” rating on shares of Ocwen Financial Corporation in a report on Tuesday, August 2nd. Keefe, Bruyette & Woods dropped their price objective on Ocwen Financial Corporation from $5.00 to $3.00 and set a “market perform” rating for the company in a report on Thursday, July 28th. Piper Jaffray Cos. dropped their price objective on Ocwen Financial Corporation to $2.00 in a report on Monday. Compass Point dropped their price objective on Ocwen Financial Corporation from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Thursday, April 28th. Finally, Zacks Investment Research upgraded Ocwen Financial Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $3.93.

The stock has a 50 day moving average of $1.80 and a 200 day moving average of $2.70. The firm’s market capitalization is $329.80 million.

Ocwen Financial Corporation (NYSE:OCN) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.71) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by $0.28. The company earned $373.05 million during the quarter, compared to the consensus estimate of $324.05 million. During the same quarter last year, the business posted $0.08 earnings per share. The firm’s quarterly revenue was down 19.5% compared to the same quarter last year. Analysts predict that Ocwen Financial Corporation will post ($2.20) EPS for the current fiscal year.

Other large investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its stake in Ocwen Financial Corporation by 10.3% in the fourth quarter. California Public Employees Retirement System now owns 441,100 shares of the company’s stock valued at $3,074,000 after buying an additional 41,300 shares during the period. California State Teachers Retirement System increased its stake in Ocwen Financial Corporation by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 199,120 shares of the company’s stock valued at $1,388,000 after buying an additional 3,606 shares during the period. Finally, Rhumbline Advisers increased its stake in Ocwen Financial Corporation by 4.0% in the fourth quarter. Rhumbline Advisers now owns 155,775 shares of the company’s stock valued at $1,086,000 after buying an additional 5,930 shares during the period.

Ocwen Financial Corporation is a financial services holding company. The Company, through its subsidiaries, operates as a mortgage company. The Company’s segments include Servicing, Lending, and Corporate Items and Other. The Company’s Servicing segment consists of its core residential servicing business.

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