Piper Jaffray Companies upgraded shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) from an underweight rating to a neutral rating in a research report report published on Tuesday morning.

Other equities analysts also recently issued research reports about the company. ValuEngine downgraded Nationstar Mortgage Holdings from a strong-buy rating to a buy rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $20.00 price objective on shares of Nationstar Mortgage Holdings in a research report on Thursday, October 26th. Zacks Investment Research downgraded Nationstar Mortgage Holdings from a buy rating to a hold rating in a research report on Friday, July 28th. Finally, BidaskClub downgraded Nationstar Mortgage Holdings from a hold rating to a sell rating in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $18.50.

Nationstar Mortgage Holdings (NSM) opened at $17.25 on Tuesday. The firm has a market capitalization of $1,633.01, a P/E ratio of 10.92 and a beta of 1.48. 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 Holdings has a 12-month low of $14.67 and a 12-month high of $20.71.

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

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Hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA lifted its holdings in shares of Nationstar Mortgage Holdings 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 buying an additional 4,332 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Nationstar Mortgage Holdings in the 2nd quarter worth $160,000. Engineers Gate Manager LP purchased a new stake in shares of Nationstar Mortgage Holdings in the 3rd quarter worth $227,000. Legal & General Group Plc lifted its holdings in shares of Nationstar Mortgage Holdings by 33.7% in the 1st quarter. Legal & General Group Plc now owns 13,848 shares of the financial services provider’s stock worth $219,000 after buying an additional 3,487 shares during the period. Finally, KCG Holdings Inc. purchased a new stake in shares of Nationstar Mortgage Holdings in the 1st quarter worth $239,000. Institutional investors and hedge funds own 98.00% of the company’s stock.

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 provides residential loan services in the United States.

Analyst Recommendations for Nationstar Mortgage Holdings (NYSE:NSM)

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