Nationstar Mortgage Holdings Inc. (NYSE:NSM) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.

NSM has been the topic of several other research reports. ValuEngine raised shares of Nationstar Mortgage Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 target price on shares of Nationstar Mortgage Holdings in a report on Monday, April 10th. Oppenheimer Holdings, Inc. set a $19.00 target price on shares of Nationstar Mortgage Holdings and gave the stock a “buy” rating in a report on Monday, May 8th. Zacks Investment Research lowered shares of Nationstar Mortgage Holdings from a “hold” rating to a “sell” rating in a report on Saturday, May 6th. Finally, TheStreet raised shares of Nationstar Mortgage Holdings from a “d+” rating to a “c-” rating in a report on Monday, June 26th. Three analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.50.

Shares of Nationstar Mortgage Holdings (NSM) traded down 3.28% during mid-day trading on Thursday, reaching $17.67. 350,770 shares of the company traded hands. Nationstar Mortgage Holdings has a 52-week low of $12.61 and a 52-week high of $19.83. The stock has a market capitalization of $1.72 billion, a PE ratio of 11.50 and a beta of 1.47. The stock’s 50 day moving average is $17.96 and its 200 day moving average is $17.32.

Nationstar Mortgage Holdings (NYSE:NSM) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.09. The firm had revenue of $380 million for the quarter, compared to analyst estimates of $506.30 million. Nationstar Mortgage Holdings had a net margin of 10.52% and a return on equity of 9.71%. During the same quarter in the previous year, the firm posted $0.52 EPS. On average, analysts anticipate that Nationstar Mortgage Holdings will post $1.28 earnings per share for the current year.

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Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Nationstar Mortgage Holdings by 13.5% in the first quarter. Vanguard Group Inc. now owns 2,629,767 shares of the financial services provider’s stock worth $41,445,000 after buying an additional 312,109 shares in the last quarter. Rubric Capital Management LP raised its stake in shares of Nationstar Mortgage Holdings by 13.8% in the first quarter. Rubric Capital Management LP now owns 1,109,540 shares of the financial services provider’s stock worth $17,486,000 after buying an additional 134,540 shares in the last quarter. State Street Corp raised its stake in shares of Nationstar Mortgage Holdings by 5.7% in the fourth quarter. State Street Corp now owns 626,770 shares of the financial services provider’s stock worth $11,316,000 after buying an additional 33,928 shares in the last quarter. Norges Bank bought a new stake in shares of Nationstar Mortgage Holdings during the fourth quarter worth approximately $8,081,000. Finally, Hancock Holding Co. bought a new stake in shares of Nationstar Mortgage Holdings during the first quarter worth approximately $6,999,000. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

About Nationstar Mortgage Holdings

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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