Zacks Investment Research downgraded shares of Nationstar Mortgage (NYSE:NSM) from a buy rating to a hold rating in a research report sent to investors on Wednesday, January 17th.
According to Zacks, “Nationstar Mortgage Holdings, Inc. is a mortgage lender. It services loans throughout the United States and originates primarily conventional agency and government residential mortgage loans and also offers a diverse array of complementary services for mortgage investors. Nationstar Mortgage Holdings, Inc. is headquartered in Lewisville, Texas. “
A number of other equities analysts have also weighed in on the stock. ValuEngine raised shares of Nationstar Mortgage from a buy rating to a strong-buy rating in a research note on Friday, December 1st. Keefe, Bruyette & Woods reissued a hold rating and issued a $20.00 price target on shares of Nationstar Mortgage in a research note on Thursday, October 26th. Finally, Piper Jaffray Companies raised shares of Nationstar Mortgage from an underweight rating to a neutral rating in a research note on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Hold and a consensus price target of $18.78.
Shares of Nationstar Mortgage (NSM) traded up $0.07 during midday trading on Wednesday, hitting $16.76. 405,761 shares of the stock traded hands, compared to its average volume of 302,925. Nationstar Mortgage has a 1-year low of $14.67 and a 1-year high of $20.71. The firm has a market capitalization of $1,637.89, a price-to-earnings ratio of 8.82 and a beta of 1.22. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 6.26.
Several institutional investors have recently modified their holdings of the company. Systematic Financial Management LP acquired a new position in shares of Nationstar Mortgage in the 4th quarter valued at $1,405,000. BlackRock Inc. boosted its holdings in shares of Nationstar Mortgage by 12.7% in the 4th quarter. BlackRock Inc. now owns 2,332,392 shares of the financial services provider’s stock valued at $43,149,000 after buying an additional 263,735 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Nationstar Mortgage by 72.1% in the 4th quarter. Bank of New York Mellon Corp now owns 289,799 shares of the financial services provider’s stock valued at $5,361,000 after buying an additional 121,428 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Nationstar Mortgage by 35.4% in the 4th quarter. First Trust Advisors LP now owns 122,968 shares of the financial services provider’s stock valued at $2,275,000 after buying an additional 32,163 shares in the last quarter. Finally, ING Groep NV acquired a new position in shares of Nationstar Mortgage in the 4th quarter valued at $4,203,000. Institutional investors and hedge funds own 98.39% of the company’s stock.
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.
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