Nationstar Mortgage Holdings Inc. (NSM) Stock Price Up 2.8%
Nationstar Mortgage Holdings Inc. (NYSE:NSM) shares rose 2.8% during trading on Tuesday . The stock 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.
NSM has been the subject of several research reports. Zacks Investment Research raised shares of Nationstar Mortgage Holdings from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a report on Thursday, April 28th. FBR & Co dropped their price objective on shares of Nationstar Mortgage Holdings from $15.00 to $10.00 and set a “hold” rating for the company in a report on Tuesday, May 3rd. Credit Suisse Group AG reissued an “outperform” rating on shares of Nationstar Mortgage Holdings in a report on Wednesday, July 6th. Barclays PLC increased their price objective on shares of Nationstar Mortgage Holdings from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, August 4th. Finally, Citigroup Inc. increased their price objective on shares of Nationstar Mortgage Holdings from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $14.94.
The firm has a 50 day moving average price of $12.89 and a 200-day moving average price of $11.58. The stock’s market cap is $1.59 billion.
Nationstar Mortgage Holdings (NYSE:NSM) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. The firm earned $346 million during the quarter, compared to analysts’ expectations of $369.92 million. The firm’s quarterly revenue was down 45.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 EPS. On average, equities research analysts predict that Nationstar Mortgage Holdings Inc. will post $1.28 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Nationstar Mortgage Holdings stock. Dimensional Fund Advisors LP boosted its position in shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 146,252 shares of the company’s stock after buying an additional 7,561 shares during the period. Dimensional Fund Advisors LP owned about 0.14% of Nationstar Mortgage Holdings worth $1,955,000 at the end of the most recent reporting period.
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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