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

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. “

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $20.00 price objective on shares of Nationstar Mortgage in a report on Thursday, October 26th. Piper Jaffray Companies reaffirmed a hold rating and issued a $18.00 price objective on shares of Nationstar Mortgage in a report on Thursday, January 11th. Finally, ValuEngine raised shares of Nationstar Mortgage from a buy rating to a strong-buy rating in a report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $18.78.

Nationstar Mortgage (NYSE NSM) traded up $0.21 on Wednesday, reaching $18.87. 308,156 shares of the company traded hands, compared to its average volume of 271,969. The company has a market cap of $1,839.21, a P/E ratio of 9.93 and a beta of 1.42. Nationstar Mortgage has a 52 week low of $14.67 and a 52 week high of $20.71. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.46 and a current ratio of 0.46.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of NSM. Schwab Charles Investment Management Inc. lifted its stake in Nationstar Mortgage by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 154,165 shares of the financial services provider’s stock worth $2,759,000 after purchasing an additional 1,751 shares in the last quarter. First Trust Advisors LP lifted its stake in Nationstar Mortgage by 61.1% in the 2nd quarter. First Trust Advisors LP now owns 45,496 shares of the financial services provider’s stock worth $814,000 after purchasing an additional 17,255 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Nationstar Mortgage by 256.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,020 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 4,332 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in Nationstar Mortgage by 75.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 156,693 shares of the financial services provider’s stock worth $2,803,000 after purchasing an additional 67,578 shares in the last quarter. Finally, Quantitative Investment Management LLC purchased a new stake in Nationstar Mortgage in the 2nd quarter worth approximately $320,000. 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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