Today’s Stock Alert: What Will Happen to Walter Investment Management Corp Next? The Stock Just Declined A Lot

Today's Stock Alert: What Will Happen to Walter Investment Management Corp Next? The Stock Just Declined A Lot

The stock of Walter Investment Management Corp (NYSE:WAC) is a huge mover today! The stock decreased 4.43% or $0.18 during the last trading session, hitting $3.88. About 355,475 shares traded hands or 20.60% up from the average. Walter Investment Management Corp (NYSE:WAC) has declined 45.04% since March 1, 2016 and is downtrending. It has underperformed by 57.26% the S&P500.
The move comes after 8 months negative chart setup for the $158.16 million company. It was reported on Oct, 4 by Barchart.com. We have $3.34 PT which if reached, will make NYSE:WAC worth $22.14M less.

Analysts await Walter Investment Management Corp (NYSE:WAC) to report earnings on November, 3. They expect $-0.07 earnings per share, down 120.59% or $0.41 from last year’s $0.34 per share. After $-0.01 actual earnings per share reported by Walter Investment Management Corp for the previous quarter, Wall Street now forecasts 600.00% negative EPS growth.

Walter Investment Management Corp (NYSE:WAC) Ratings Coverage

Out of 5 analysts covering Walter Investment Management Corp (NYSE:WAC), 0 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 0 are positive. Walter Investment Management Corp has been the topic of 7 analyst reports since September 1, 2015 according to StockzIntelligence Inc. Credit Suisse maintained Walter Investment Management Corp (NYSE:WAC) rating on Monday, March 7. Credit Suisse has “Neutral” rating and $9 price target. The firm has “Underweight” rating given on Wednesday, August 10 by Barclays Capital. The firm has “Market Perform” rating by Keefe Bruyette & Woods given on Monday, November 9. Zacks upgraded Walter Investment Management Corp (NYSE:WAC) on Tuesday, September 8 to “Hold” rating. The rating was downgraded by Zacks on Tuesday, September 1 to “Hold”. The company was maintained on Friday, November 6 by FBR Capital.

According to Zacks Investment Research, “Walter Investment Management Corp., headquartered in Tampa, FL, is a Mortgage portfolio owner and mortgage servicer specializing in subprime, non-conforming and other credit challenged mortgage assets. It is a residential mortgage servicing company with divisional offices located in Atlanta, Birmingham, Charlotte, Ft. Worth and Houston. The company holds licenses as a residential mortgage lender and/or servicer in over 30 states across the US, and presently has federal mortgage lending approval as a Title II Non-Supervised HUD Mortgagee. The portfolio primarily consists of mortgages on homes built by Jim Walter Homes, Inc. and its affiliated builders. The company is one of the few remaining organizations to provide portfolio servicing through a team of full-time field-based employees. It also operates mortgage advisory and insurance product lines of business.”

Insitutional Activity: The institutional sentiment decreased to 0.6 in 2016 Q2. Its down 0.49, from 1.09 in 2016Q1. The ratio worsened, as 7 funds sold all Walter Investment Management Corp shares owned while 35 reduced positions. 9 funds bought stakes while 16 increased positions. They now own 35.05 million shares or 2.49% less from 35.95 million shares in 2016Q1.
Blackrock Fund holds 489,882 shares or 0% of its portfolio. Ubs Asset Americas reported 14,699 shares or 0% of all its holdings. Citigroup Inc last reported 0% of its portfolio in the stock. Schwab Charles owns 193,428 shares or 0% of their US portfolio. State Board Of Administration Of Florida Retirement Sys accumulated 36,825 shares or 0% of the stock. Teachers Advsr Incorporated owns 45,451 shares or 0% of their US portfolio. D E Shaw And, a New York-based fund reported 16,277 shares. Brighton Jones Limited Liability holds 0.01% of its portfolio in Walter Investment Management Corp (NYSE:WAC) for 21,505 shares. Northern Corp last reported 0% of its portfolio in the stock. State Bank Of America Corp De has invested 0% of its portfolio in Walter Investment Management Corp (NYSE:WAC). Goldman Sachs Group has 0% invested in the company for 97,293 shares. Grp One Trading L P reported 2,150 shares or 0% of all its holdings. Raging Mgmt Lc has invested 1.36% of its portfolio in Walter Investment Management Corp (NYSE:WAC). Nationwide Fund Advsr has 0% invested in the company for 12,464 shares. Vanguard reported 1.71 million shares or 0% of all its holdings.

Insider Transactions: Since May 5, 2016, the stock had 3 insider buys, and 1 insider sale for $211,767 net activity. Pappas James L bought $23,400 worth of Walter Investment Management Corp (NYSE:WAC) on Monday, May 9. Shares for $99,568 were bought by SCHNEIDER DAVID C. 8,780 shares with value of $27,451 were sold by Boyd Stuart Douglass on Wednesday, August 24. 25,000 shares were bought by DEMOLINA ALVARO G, worth $116,250.

More notable recent Walter Investment Management Corp (NYSE:WAC) news were published by: Prnewswire.com which released: “Walter Investment Management Corp. Announces First Quarter 2016 Highlights and …” on May 03, 2016, also Prnewswire.com with their article: “Walter Investment Management Corp. Announces Second Quarter 2016 Highlights …” published on August 09, 2016, Moodys.com published: “Moody’s downgrades Walter Investment’s ratings” on March 04, 2016. More interesting news about Walter Investment Management Corp (NYSE:WAC) were released by: Prnewswire.com and their article: “Walter Investment Management Corp. Announces Full Year And Fourth Quarter 2015 …” published on February 29, 2016 as well as Prnewswire.com‘s news article titled: “Walter Investment Management Corp. Announces Appointment Of Daniel Beltzman As …” with publication date: March 02, 2016.

WAC Company Profile

Walter Investment Management Corp., incorporated on June 10, 1997, is a diversified mortgage banking firm focused primarily on the servicing and origination of residential loans, including reverse loans. The Firm operates through three divisions: Servicing, Originations and Reverse Mortgage. The Firm service an array of loans across the credit for its own portfolio and for government-sponsored enterprises (GSEs), government agencies, third-party securitization trusts and other credit owners. The Firm originates residential loans that it sells to (GSE) and government entities through its consumer and correspondent lending channels. In addition, it operate several other businesses, which include managing a portfolio of credit-challenged, non-conforming residential mortgage loans; an insurance agency serving borrowers and credit owners of its servicing portfolio; a post charge-off collection agency, and an asset management business through its securities and exchange commission (SEC) registered investment advisor.

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