Nationstar Mortgage (NYSE:NSM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Nationstar Mortgage Holdings, Inc. is a mortgage lender. It services loans throughout the United States and originates primarily conventional agency and government residential mortgage loans and also offers a diverse array of complementary services for mortgage investors. Nationstar Mortgage Holdings, Inc. is headquartered in Lewisville, Texas. “

NSM has been the topic of several other reports. ValuEngine downgraded shares of Nationstar Mortgage from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Piper Jaffray Companies raised shares of Nationstar Mortgage from an “underweight” rating to a “neutral” rating in a report on Tuesday, November 21st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Nationstar Mortgage in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $18.78.

Shares of Nationstar Mortgage (NYSE:NSM) opened at $18.64 on Wednesday. The company has a market cap of $1,850.94, a price-to-earnings ratio of 9.81 and a beta of 1.42. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 6.26. Nationstar Mortgage has a twelve month low of $14.67 and a twelve month high of $20.71.

Nationstar Mortgage (NYSE:NSM) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $406.00 million for the quarter, compared to the consensus estimate of $481.67 million. Nationstar Mortgage had a net margin of 9.34% and a return on equity of 8.88%. During the same period in the prior year, the firm earned $0.52 EPS. sell-side analysts predict that Nationstar Mortgage will post 1.5 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its stake in shares of Nationstar Mortgage by 256.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,020 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 4,332 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Nationstar Mortgage in the 2nd quarter valued at $160,000. Engineers Gate Manager LP acquired a new position in shares of Nationstar Mortgage in the 3rd quarter valued at $227,000. Voya Investment Management LLC lifted its stake in shares of Nationstar Mortgage by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 16,775 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 2,156 shares during the period. Finally, Quantitative Investment Management LLC acquired a new position in shares of Nationstar Mortgage in the 2nd quarter valued at $320,000. Hedge funds and other institutional investors own 98.42% of the company’s stock.

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Nationstar Mortgage 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.

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