Shares of Walter Investment Management Corp. (NYSE:WAC) traded up 4% on Tuesday . The company traded as high as $3.69 and last traded at $3.63, with a volume of 371,356 shares traded. The stock had previously closed at $3.49.

A number of analysts have weighed in on the company. Compass Point reduced 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 note 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 on the stock 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 on the stock in a research note on Wednesday, August 10th. Finally, Wunderlich upgraded Walter Investment Management Corp. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $5.30.

The stock’s market cap is $131.20 million. The stock has a 50-day moving average price of $2.87 and a 200-day moving average price of $5.54.

Walter Investment Management Corp. (NYSE:WAC) last released 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 company had revenue of $187.50 million for the quarter, compared to analyst estimates of $284.14 million. During the same period last year, the firm posted $0.65 EPS. The business’s quarterly revenue was down 54.5% on a year-over-year basis. On average, analysts forecast that Walter Investment Management Corp. will post ($0.46) 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 Walter Investment Management Corp. (NYSE:WAC) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.