ValuEngine upgraded shares of Nationstar Mortgage Holdings Inc. (NYSE:NSM) from a buy rating to a strong-buy rating in a report released on Tuesday morning.

Several other brokerages also recently commented on NSM. Zacks Investment Research raised shares of Nationstar Mortgage Holdings from a sell rating to a buy rating and set a $20.00 price objective for the company in a research note on Thursday, July 20th. BidaskClub raised shares of Nationstar Mortgage Holdings from a sell rating to a hold rating in a research note on Thursday, June 29th. TheStreet raised shares of Nationstar Mortgage Holdings from a d+ rating to a c- rating in a research note on Monday, June 26th. Piper Jaffray Companies reaffirmed a sell rating and set a $15.00 price objective on shares of Nationstar Mortgage Holdings in a research note on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $20.00 price objective on shares of Nationstar Mortgage Holdings in a research note on Thursday, September 14th. Three analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $18.50.

Shares of Nationstar Mortgage Holdings (NYSE:NSM) traded up 2.26% during trading on Tuesday, reaching $18.57. The company’s stock had a trading volume of 274,231 shares. The firm’s 50-day moving average is $17.02 and its 200 day moving average is $17.01. The company has a market cap of $1.82 billion, a PE ratio of 8.12 and a beta of 1.43. Nationstar Mortgage Holdings has a 52-week low of $14.05 and a 52-week high of $19.83.

Nationstar Mortgage Holdings (NYSE:NSM) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.34 by $0.09. The firm had revenue of $380.00 million during the quarter, compared to the consensus estimate of $506.30 million. Nationstar Mortgage Holdings had a net margin of 10.52% and a return on equity of 9.64%. During the same period in the prior year, the firm posted $0.52 earnings per share. On average, equities research analysts predict that Nationstar Mortgage Holdings will post $1.28 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in shares of Nationstar Mortgage Holdings during the first quarter valued at about $103,000. BNP Paribas Arbitrage SA increased its position in shares of Nationstar Mortgage Holdings by 256.6% during the second quarter. BNP Paribas Arbitrage SA now owns 6,020 shares of the financial services provider’s stock valued at $108,000 after buying an additional 4,332 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Nationstar Mortgage Holdings during the second quarter valued at about $160,000. Two Sigma Securities LLC purchased a new position in shares of Nationstar Mortgage Holdings during the first quarter valued at about $161,000. Finally, Koch Industries Inc. purchased a new position in shares of Nationstar Mortgage Holdings during the first quarter valued at about $182,000. Institutional investors own 98.45% of the company’s stock.

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.

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Analyst Recommendations for Nationstar Mortgage Holdings (NYSE:NSM)

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