Nationstar Mortgage Holdings Inc. (NYSE:NSM) Receives “Sell” Rating from Piper Jaffray Companies
Piper Jaffray Companies restated their sell rating on shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) in a report published on Thursday morning. They currently have a $15.00 target price on the financial services provider’s stock.
A number of other brokerages also recently commented on NSM. BidaskClub downgraded Nationstar Mortgage Holdings from a hold rating to a sell rating in a research report on Friday, June 23rd. Zacks Investment Research raised Nationstar Mortgage Holdings from a sell rating to a hold rating in a research report on Wednesday, April 26th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $20.00 price target on shares of Nationstar Mortgage Holdings in a research report on Monday, April 10th. Oppenheimer Holdings, Inc. set a $19.00 price target on Nationstar Mortgage Holdings and gave the company a buy rating in a research report on Monday, May 8th. Finally, ValuEngine raised Nationstar Mortgage Holdings from a buy rating to a strong-buy rating in a research report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $18.50.
Nationstar Mortgage Holdings (NSM) traded down 3.28% on Thursday, hitting $17.67. The company’s stock had a trading volume of 350,770 shares. The firm has a 50 day moving average of $17.96 and a 200-day moving average of $17.32. The stock has a market cap of $1.72 billion, a PE ratio of 11.50 and a beta of 1.47. Nationstar Mortgage Holdings has a 12 month low of $12.61 and a 12 month high of $19.83.
Nationstar Mortgage Holdings (NYSE:NSM) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.09. The company had revenue of $380 million during the quarter, compared to the consensus estimate of $506.30 million. Nationstar Mortgage Holdings had a return on equity of 9.71% and a net margin of 10.52%. During the same period last year, the business posted $0.52 earnings per share. On average, analysts expect that Nationstar Mortgage Holdings will post $1.28 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Nationstar Mortgage Holdings by 13.5% in the first quarter. Vanguard Group Inc. now owns 2,629,767 shares of the financial services provider’s stock worth $41,445,000 after buying an additional 312,109 shares in the last quarter. Rubric Capital Management LP increased its stake in Nationstar Mortgage Holdings by 13.8% in the first quarter. Rubric Capital Management LP now owns 1,109,540 shares of the financial services provider’s stock worth $17,486,000 after buying an additional 134,540 shares in the last quarter. State Street Corp increased its stake in Nationstar Mortgage Holdings by 5.7% in the fourth quarter. State Street Corp now owns 626,770 shares of the financial services provider’s stock worth $11,316,000 after buying an additional 33,928 shares in the last quarter. Norges Bank purchased a new stake in Nationstar Mortgage Holdings during the fourth quarter worth about $8,081,000. Finally, Hancock Holding Co. purchased a new stake in Nationstar Mortgage Holdings during the first quarter worth about $6,999,000. 99.95% of the stock is owned by institutional investors and hedge funds.
About Nationstar Mortgage Holdings
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 provides residential loan services in the United States.
Receive News & Ratings for Nationstar Mortgage Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nationstar Mortgage Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.