Walter Investment Management Corp. (NYSE:WAC) shares saw an uptick in trading volume on Friday . 789,301 shares were traded during trading, an increase of 32% from the previous session’s volume of 598,408 shares.The stock last traded at $3.56 and had previously closed at $3.23.

A number of brokerages have recently weighed in on WAC. 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. Wunderlich raised Walter Investment Management Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Compass Point lowered their target price 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. Barclays PLC lowered their target price on Walter Investment Management Corp. from $5.00 to $2.00 and set an “underweight” rating on the stock in a research report on Wednesday. Finally, FBR & Co lowered their target price 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. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.30.

The company’s 50 day moving average price is $2.86 and its 200-day moving average price is $5.64. The company’s market capitalization is $126.17 million.

Walter Investment Management Corp. (NYSE:WAC) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.04. The business earned $187.50 million during the quarter, compared to the consensus estimate of $284.14 million. During the same quarter in the prior year, the business posted $0.65 earnings per share. Walter Investment Management Corp.’s quarterly revenue was down 54.5% compared to the same quarter last year. On average, equities research analysts anticipate that Walter Investment Management Corp. will post ($0.29) earnings per share for the current fiscal year.

An institutional investor recently raised its position in Walter Investment Management Corp. stock. Bank of Montreal Can increased its position in shares of Walter Investment Management Corp. (NYSE:WAC) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,247 shares of the company’s stock after buying an additional 347 shares during the period. Bank of Montreal Can owned about 0.20% of Walter Investment Management Corp. worth $1,099,000 at the end of the most recent reporting period.

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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