Nationstar Mortgage (NSM) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of Nationstar Mortgage (NYSE:NSM) from a buy rating to a hold rating in a report issued on Wednesday morning.

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. “

Several other research firms have also recently commented on NSM. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $20.00 target price on shares of Nationstar Mortgage in a research note on Thursday, October 26th. ValuEngine raised Nationstar Mortgage from a buy rating to a strong-buy rating in a research note on Tuesday, September 26th. Finally, Piper Jaffray Companies raised Nationstar Mortgage from an underweight rating to a neutral rating in a research note on Tuesday, November 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and an average price target of $18.78.

Shares of Nationstar Mortgage (NYSE NSM) traded up $0.21 during mid-day trading on Wednesday, hitting $18.87. The stock had a trading volume of 308,156 shares, compared to its average volume of 216,615. The firm has a market capitalization of $1,844.09, a PE ratio of 12.33 and a beta of 1.42. 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 has a 12 month low of $14.67 and a 12 month high of $20.71.

Nationstar Mortgage (NYSE:NSM) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Nationstar Mortgage had a return on equity of 8.88% and a net margin of 9.34%. The business had revenue of $406.00 million during the quarter, compared to analysts’ expectations of $481.67 million. During the same quarter last year, the firm posted $0.52 earnings per share. equities analysts forecast that Nationstar Mortgage will post 1.5 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. boosted its holdings in Nationstar Mortgage by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 154,165 shares of the financial services provider’s stock worth $2,759,000 after acquiring an additional 1,751 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Nationstar Mortgage by 14.7% in the second quarter. Voya Investment Management LLC now owns 16,775 shares of the financial services provider’s stock worth $300,000 after acquiring an additional 2,156 shares in the last quarter. Proxima Capital Management LLC boosted its holdings in Nationstar Mortgage by 0.5% in the second quarter. Proxima Capital Management LLC now owns 613,240 shares of the financial services provider’s stock worth $10,971,000 after acquiring an additional 3,240 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Nationstar Mortgage by 256.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,020 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 4,332 shares in the last quarter. Finally, Convergence Investment Partners LLC boosted its holdings in Nationstar Mortgage by 6.9% in the fourth quarter. Convergence Investment Partners LLC now owns 81,730 shares of the financial services provider’s stock worth $1,512,000 after acquiring an additional 5,310 shares in the last quarter. Institutional investors and hedge funds own 98.42% of the company’s stock.

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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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