Walter Investment Management Corp. (WAC) Given Consensus Rating of “Hold” by Analysts
Shares of Walter Investment Management Corp. (NYSE:WAC) have earned a consensus rating of “Hold” from the six ratings firms that are currently covering the company. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $4.13.
A number of brokerages have commented on WAC. Zacks Investment Research lowered shares of Walter Investment Management Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, November 16th. Wunderlich upgraded shares of Walter Investment Management Corp. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Finally, Barclays PLC cut their target price on shares of Walter Investment Management Corp. from $5.00 to $2.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 10th.
ILLEGAL ACTIVITY NOTICE: This piece was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was illegally copied and reposted in violation of international copyright legislation. The legal version of this piece can be read at https://www.thecerbatgem.com/2016/11/28/walter-investment-management-corp-wac-given-consensus-rating-of-hold-by-analysts.html.
Shares of Walter Investment Management Corp. (NYSE:WAC) opened at 6.00 on Wednesday. The stock’s market cap is $217.93 million. The firm has a 50-day moving average price of $5.28 and a 200-day moving average price of $3.95. Walter Investment Management Corp. has a one year low of $2.24 and a one year high of $16.00.
Walter Investment Management Corp. (NYSE:WAC) last issued its quarterly earnings data on Wednesday, November 9th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.10. Walter Investment Management Corp. had a negative return on equity of 9.79% and a negative net margin of 70.66%. The firm earned $297.30 million during the quarter, compared to analyst estimates of $313.78 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The business’s quarterly revenue was up 35.5% compared to the same quarter last year. Analysts anticipate that Walter Investment Management Corp. will post ($0.50) earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the stock. A.R.T. Advisors LLC bought a new stake in shares of Walter Investment Management Corp. during the second quarter worth about $103,000. Alliancebernstein L.P. raised its stake in Walter Investment Management Corp. by 13.0% in the second quarter. Alliancebernstein L.P. now owns 50,299 shares of the company’s stock valued at $139,000 after buying an additional 5,800 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Walter Investment Management Corp. during the third quarter valued at $159,000. D. E. Shaw & Co. Inc. raised its stake in Walter Investment Management Corp. by 172.2% in the third quarter. D. E. Shaw & Co. Inc. now owns 44,300 shares of the company’s stock valued at $180,000 after buying an additional 28,023 shares during the period. Finally, Bank of Montreal Can acquired a new stake in Walter Investment Management Corp. during the second quarter valued at $214,000. Institutional investors and hedge funds own 92.84% of the company’s stock.
Walter Investment Management Corp. Company Profile
Walter Investment Management Corp. is a diversified mortgage banking firm focused primarily on the servicing and origination of residential loans, including reverse loans. The Company operates through three segments: Servicing, Originations and Reverse Mortgage. The Servicing segment consists of operations that perform servicing for third-party credit owners of mortgage loans, as well as its own mortgage loan portfolio.
Receive News & Stock Ratings for Walter Investment Management Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walter Investment Management Corp. and related stocks with our FREE daily email newsletter.