Nationstar Mortgage Holdings Inc. (NSM) Shares Up 2.8%
Nationstar Mortgage Holdings Inc. (NYSE:NSM)’s share price shot up 2.8% during trading on Tuesday . The company traded as high as $15.96 and last traded at $15.95, with a volume of 457,629 shares changing hands. The stock had previously closed at $15.52.
A number of brokerages recently commented on NSM. FBR & Co lowered their target price 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. Zacks Investment Research upgraded Nationstar Mortgage Holdings from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a report on Thursday, April 28th. Barclays PLC raised their target price on Nationstar Mortgage Holdings from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, August 4th. Citigroup Inc. raised their target price on Nationstar Mortgage Holdings from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Finally, Keefe, Bruyette & Woods raised their target price on Nationstar Mortgage Holdings from $12.00 to $14.50 and gave the company a “market perform” rating in a report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $14.94.
The firm’s market cap is $1.60 billion. The firm has a 50 day moving average of $12.60 and a 200 day moving average of $11.51.
Nationstar Mortgage Holdings (NYSE:NSM) last released its earnings results on Wednesday, August 3rd. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.09. The business earned $346 million during the quarter, compared to analyst estimates of $369.92 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was down 45.5% compared to the same quarter last year. On average, equities research analysts forecast that Nationstar Mortgage Holdings Inc. will post $1.28 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Nationstar Mortgage Holdings stock. Dimensional Fund Advisors LP raised its stake in shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,252 shares of the company’s stock after buying an additional 7,561 shares during the period. Dimensional Fund Advisors LP owned approximately 0.14% of Nationstar Mortgage Holdings worth $1,955,000 as of its most recent SEC filing.
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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