Published On: Fri, Sep 16th, 2016

Nationstar Mortgage Holdings Inc. (NSM) Sees Large Volume Increase

Nationstar Mortgage Holdings Inc. (NYSE:NSM) saw strong trading volume on Thursday . 397,358 shares traded hands during mid-day trading, an increase of 17% from the previous session’s volume of 340,262 shares.The stock last traded at $15.51 and had previously closed at $15.33.
A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Nationstar Mortgage Holdings from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a report on Tuesday. Piper Jaffray Cos. began coverage on Nationstar Mortgage Holdings in a report on Friday, September 9th. They issued a “neutral” rating and a $15.50 target price for the company. Keefe, Bruyette & Woods boosted their price objective on Nationstar Mortgage Holdings from $12.00 to $14.50 and gave the company a “market perform” rating in a report on Thursday, August 4th. Citigroup Inc. boosted their price objective on Nationstar Mortgage Holdings from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Finally, Barclays PLC boosted their price objective on Nationstar Mortgage Holdings from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Nationstar Mortgage Holdings currently has a consensus rating of “Hold” and an average price target of $15.11.
The firm has a 50 day moving average of $15.25 and a 200 day moving average of $12.47. The stock’s market capitalization is $1.56 billion.

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Nationstar Mortgage Holdings (NYSE:NSM) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.43 by $0.09. Nationstar Mortgage Holdings had a positive return on equity of 8.98% and a negative net margin of 3.92%. The firm earned $346 million during the quarter, compared to analysts’ expectations of $369.92 million. During the same quarter last year, the firm earned $0.32 earnings per share. The business’s revenue for the quarter was down 45.5% on a year-over-year basis. On average, equities analysts predict that Nationstar Mortgage Holdings Inc. will post $1.28 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. boosted its stake in Nationstar Mortgage Holdings by 2.8% in the second quarter. Oppenheimer & Co. Inc. now owns 11,100 shares of the company’s stock valued at $125,000 after buying an additional 300 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Nationstar Mortgage Holdings by 11.6% in the first quarter. UBS Asset Management Americas Inc. now owns 22,099 shares of the company’s stock valued at $219,000 after buying an additional 2,300 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Nationstar Mortgage Holdings by 2.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 144,524 shares of the company’s stock valued at $1,628,000 after buying an additional 2,898 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Nationstar Mortgage Holdings by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 147,119 shares of the company’s stock valued at $1,657,000 after buying an additional 2,969 shares in the last quarter. Finally, BlackRock Advisors LLC boosted its stake in Nationstar Mortgage Holdings by 20.4% in the second quarter. BlackRock Advisors LLC now owns 21,664 shares of the company’s stock valued at $244,000 after buying an additional 3,667 shares in the last quarter.
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 also operate an integrated residential loan origination platform that is primarily focused on customer retention.

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