Nationstar Mortgage Holdings Inc. (NYSE:NSM) has received an average rating of “Hold” from the ten brokerages that are covering the stock. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $15.14.
A number of research firms have recently issued reports on NSM. Zacks Investment Research lowered Nationstar Mortgage Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 8th. Barclays PLC reissued a “hold” rating and issued a $15.00 target price on shares of Nationstar Mortgage Holdings in a report on Thursday, November 3rd. Oppenheimer Holdings, Inc. set a $17.00 target price on Nationstar Mortgage Holdings and gave the company a “buy” rating in a report on Wednesday, November 2nd. Compass Point reissued a “sell” rating on shares of Nationstar Mortgage Holdings in a report on Thursday, January 12th. Finally, Nomura boosted their target price on Nationstar Mortgage Holdings from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, November 30th.
Hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its stake in Nationstar Mortgage Holdings by 79.3% in the fourth quarter. Renaissance Technologies LLC now owns 201,200 shares of the company’s stock valued at $3,634,000 after buying an additional 89,000 shares during the period. Pacad Investment Ltd. raised its stake in Nationstar Mortgage Holdings by 2.3% in the fourth quarter. Pacad Investment Ltd. now owns 8,600 shares of the company’s stock valued at $155,000 after buying an additional 192 shares during the period. Bayesian Capital Management LP raised its stake in Nationstar Mortgage Holdings by 26.7% in the fourth quarter. Bayesian Capital Management LP now owns 15,076 shares of the company’s stock valued at $272,000 after buying an additional 3,176 shares during the period. Trexquant Investment LP purchased a new stake in Nationstar Mortgage Holdings during the fourth quarter valued at $322,000. Finally, FMR LLC raised its stake in Nationstar Mortgage Holdings by 113.7% in the fourth quarter. FMR LLC now owns 261,595 shares of the company’s stock valued at $4,724,000 after buying an additional 139,200 shares during the period.
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Shares of Nationstar Mortgage Holdings (NYSE:NSM) opened at 19.54 on Tuesday. The company’s market cap is $1.90 billion. The company has a 50-day moving average of $18.25 and a 200 day moving average of $16.46. Nationstar Mortgage Holdings has a 12 month low of $8.67 and a 12 month high of $19.83.
Nationstar Mortgage Holdings 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 also operate an integrated residential loan origination platform that is primarily focused on customer retention.
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