Piper Jaffray Companies cut shares of Nationstar Mortgage (NYSE:NSM) from a neutral rating to an underweight rating in a research report report published on Tuesday morning, Marketbeat reports. Piper Jaffray Companies currently has $13.50 price objective on the financial services provider’s stock.

Several other research analysts have also weighed in on the company. Zacks Investment Research lowered Nationstar Mortgage from a buy rating to a hold rating in a research report on Wednesday, January 24th. ValuEngine raised Nationstar Mortgage from a buy rating to a strong-buy rating in a research report on Friday, December 1st. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $20.00 target price on shares of Nationstar Mortgage in a research report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Nationstar Mortgage presently has an average rating of Hold and an average price target of $18.28.

Nationstar Mortgage (NYSE:NSM) opened at $16.63 on Tuesday. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market capitalization of $1,671.12, a price-to-earnings ratio of 11.18 and a beta of 1.22. Nationstar Mortgage has a 52-week low of $14.67 and a 52-week high of $20.71.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its holdings in Nationstar Mortgage by 205.6% in the 4th quarter. Renaissance Technologies LLC now owns 130,800 shares of the financial services provider’s stock valued at $2,420,000 after purchasing an additional 88,000 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Nationstar Mortgage by 402.2% in the 4th quarter. Alliancebernstein L.P. now owns 291,280 shares of the financial services provider’s stock valued at $5,389,000 after purchasing an additional 233,280 shares in the last quarter. Quinn Opportunity Partners LLC increased its holdings in Nationstar Mortgage by 10.4% in the 4th quarter. Quinn Opportunity Partners LLC now owns 52,787 shares of the financial services provider’s stock valued at $977,000 after purchasing an additional 4,982 shares in the last quarter. Geode Capital Management LLC increased its holdings in Nationstar Mortgage by 17.8% in the 4th quarter. Geode Capital Management LLC now owns 318,973 shares of the financial services provider’s stock valued at $5,901,000 after purchasing an additional 48,312 shares in the last quarter. Finally, Adirondack Research & Management Inc. increased its holdings in Nationstar Mortgage by 1.4% in the 4th quarter. Adirondack Research & Management Inc. now owns 272,548 shares of the financial services provider’s stock valued at $5,042,000 after purchasing an additional 3,700 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

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About Nationstar Mortgage

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 (NYSE:NSM)

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