Walter Investment Management Corp. (NYSE:WAC) shares saw an uptick in trading volume on Friday . 789,301 shares traded hands 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 weighed in on WAC. Compass Point decreased their price target on Walter Investment Management Corp. from $6.00 to $2.50 and set a “sell” rating for the company in a report on Wednesday, May 4th. Zacks Investment Research upgraded Walter Investment Management Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. FBR & Co reduced their target price on Walter Investment Management Corp. from $7.00 to $3.00 and set an “underperform” rating for the company in a research note on Wednesday, May 4th. Barclays PLC reduced their target price on Walter Investment Management Corp. from $5.00 to $2.00 and set an “underweight” rating for the company in a research note on Wednesday. Finally, Wunderlich upgraded Walter Investment Management Corp. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $5.30.

The firm’s market cap is $127.58 million. The firm’s 50-day moving average is $2.86 and its 200 day moving average is $5.64.

Walter Investment Management Corp. (NYSE:WAC) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.07 earnings per share for the quarter, topping the 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 period in the prior year, the firm earned $0.65 earnings per share. The business’s revenue for the quarter was down 54.5% on a year-over-year basis. Equities analysts expect that Walter Investment Management Corp. will post ($0.46) earnings per share for the current year.

A hedge fund recently raised its stake in Walter Investment Management Corp. stock. California Public Employees Retirement System boosted its position in shares of Walter Investment Management Corp. (NYSE:WAC) by 10.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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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