Traders Purchase Large Volume of Nationstar Mortgage Call Options (NSM)
Nationstar Mortgage Holdings Inc (NYSE:NSM) was the target of some unusual options trading activity on Tuesday. Traders purchased 3,912 call options on the stock. This represents an increase of 1,886% compared to the average daily volume of 197 call options.
Shares of Nationstar Mortgage (NYSE NSM) opened at $18.87 on Friday. Nationstar Mortgage has a one year low of $14.67 and a one year high of $20.71. The company has a market cap of $1,840.00, a P/E ratio of 10.20 and a beta of 1.41. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 6.26.
Nationstar Mortgage (NYSE:NSM) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Nationstar Mortgage had a net margin of 9.34% and a return on equity of 8.88%. The business had revenue of $406.00 million during the quarter, compared to analyst estimates of $481.67 million. During the same period in the prior year, the business earned $0.52 earnings per share. equities analysts predict that Nationstar Mortgage will post 1.5 EPS for the current year.
NSM has been the subject of several recent analyst reports. ValuEngine cut shares of Nationstar Mortgage from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research upgraded shares of Nationstar Mortgage from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday, January 16th. Piper Jaffray Companies reiterated a “hold” rating and issued a $18.00 price objective on shares of Nationstar Mortgage in a report on Thursday, January 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $20.00 price objective on shares of Nationstar Mortgage in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Nationstar Mortgage has an average rating of “Hold” and an average price target of $18.78.
Nationstar Mortgage Company Profile
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nationstar Mortgage and related companies with MarketBeat.com's FREE daily email newsletter.