Investors Buy High Volume of Put Options on Nationstar Mortgage (NSM)
Nationstar Mortgage Holdings Inc. (NYSE:NSM) was the target of some unusual options trading on Tuesday. Investors acquired 2,500 put options on the company. This represents an increase of approximately 1,176% compared to the typical volume of 196 put options.
Shares of Nationstar Mortgage (NSM) opened at $18.13 on Friday. The company has a market capitalization of $1,787.42, a PE ratio of 11.95 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 posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $406.00 million during the quarter, compared to analysts’ expectations of $481.67 million. Nationstar Mortgage had a return on equity of 8.88% and a net margin of 9.34%. During the same quarter last year, the business posted $0.52 EPS. analysts expect that Nationstar Mortgage will post 1.5 earnings per share for the current year.
A number of research analysts have recently weighed in on NSM shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $20.00 price target on shares of Nationstar Mortgage in a research report on Thursday, October 26th. ValuEngine upgraded Nationstar Mortgage from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 26th. Piper Jaffray Companies upgraded Nationstar Mortgage from an “underweight” rating to a “neutral” rating in a research report on Tuesday, November 21st. Finally, Zacks Investment Research cut Nationstar Mortgage from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $18.33.
Institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its position in Nationstar Mortgage by 256.6% during 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. Cubist Systematic Strategies LLC acquired a new stake in Nationstar Mortgage in the 2nd quarter worth about $160,000. Engineers Gate Manager LP acquired a new stake in Nationstar Mortgage in the 3rd quarter worth about $227,000. Voya Investment Management LLC boosted its stake in Nationstar Mortgage by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 16,775 shares of the financial services provider’s stock worth $300,000 after buying an additional 2,156 shares during the last quarter. Finally, Quantitative Investment Management LLC acquired a new stake in Nationstar Mortgage in the 2nd quarter worth about $320,000. Hedge funds and other institutional investors own 98.42% of the company’s stock.
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About Nationstar Mortgage
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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