Nationstar Mortgage Stake Inc (NSM) Boosted to “Strong-Purchase” by ValuEngine

Nationstar Mortgage Stake Inc (NSM) Boosted to “Strong-Purchase” by ValuEngine

ValuEngine upgraded shares of Nationstar Mortgage Holdings Inc (NYSE:NSM) from a buy rating to a strong-buy rating in a report published on Friday.

Other equities research analysts have also recently issued reports about the stock. Piper Jaffray Companies cut shares of Nationstar Mortgage Holdings from a neutral rating to an underweight rating and set a $15.00 target price on the stock. in a report on Wednesday, March 8th. Compass Point raised shares of Nationstar Mortgage Holdings from a sell rating to a neutral rating in a report on Tuesday, April 4th. Wedbush assumed coverage on shares of Nationstar Mortgage Holdings in a report on Monday, March 27th. They issued an outperform rating and a $19.00 target price on the stock. Instinet reaffirmed a buy rating and issued a $18.00 target price (down from $20.00) on shares of Nationstar Mortgage Holdings in a report on Friday, March 24th. Finally, Zacks Investment Research raised shares of Nationstar Mortgage Holdings from a sell rating to a hold rating in a report on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $17.86.

Shares of Nationstar Mortgage Holdings (NYSE NSM) traded up 0.42% during midday trading on Friday, hitting $16.85. The stock had a trading volume of 85,599 shares. Nationstar Mortgage Holdings has a 1-year low of $10.19 and a 1-year high of $19.83. The firm has a market capitalization of $1.64 billion, a PE ratio of 10.96 and a beta of 0.90. The company’s 50 day moving average price is $16.77 and its 200-day moving average price is $17.37.

Nationstar Mortgage Holdings (NYSE:NSM) last issued its earnings results on Thursday, May 4th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.03. The firm had revenue of $427 million during the quarter, compared to the consensus estimate of $455.18 million. Nationstar Mortgage Holdings had a negative net margin of 5.80% and a positive return on equity of 10.50%. The firm’s revenue for the quarter was up 61.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 earnings per share. Equities analysts predict that Nationstar Mortgage Holdings will post $1.28 earnings per share for the current year.

In related news, Director Michael D. Malone purchased 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 29th. The shares were acquired at an average price of $15.95 per share, for a total transaction of $478,500.00. Following the purchase, the director now owns 66,059 shares in the company, valued at $1,053,641.05. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 67.20% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ranger Global Real Estate Advisors LLC bought a new position in shares of Nationstar Mortgage Holdings during the first quarter worth approximately $2,556,000. Tudor Investment Corp ET AL raised its position in shares of Nationstar Mortgage Holdings by 330.1% in the first quarter. Tudor Investment Corp ET AL now owns 66,459 shares of the financial services provider’s stock worth $1,047,000 after buying an additional 51,006 shares during the period. Paloma Partners Management Co bought a new position in shares of Nationstar Mortgage Holdings during the first quarter worth approximately $318,000. Highbridge Capital Management LLC raised its position in shares of Nationstar Mortgage Holdings by 54.0% in the first quarter. Highbridge Capital Management LLC now owns 65,031 shares of the financial services provider’s stock worth $1,025,000 after buying an additional 22,808 shares during the period. Finally, Two Sigma Securities LLC bought a new position in shares of Nationstar Mortgage Holdings during the first quarter worth approximately $161,000.

Nationstar Mortgage Holdings 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NSM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

To view ValuEngine’s full report, visit ValuEngine’s official website.

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