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.

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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.

5 Day Chart for NYSE:WAC

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