Stock Worth Watching: What Will Happen to Walter Investment Management Corp Next? The Stock Just Increased A Lot

Stock Worth Watching: What Will Happen to Walter Investment Management Corp Next? The Stock Just Increased A Lot

The stock of Walter Investment Management Corp (NYSE:WAC) is a huge mover today! About 141,268 shares traded hands. Walter Investment Management Corp (NYSE:WAC) has declined 42.26% since March 7, 2016 and is downtrending. It has underperformed by 49.85% the S&P500.
The move comes after 5 months positive chart setup for the $157.05 million company. It was reported on Oct, 10 by Barchart.com. We have $6.36 PT which if reached, will make NYSE:WAC worth $67.53 million more.

Analysts await Walter Investment Management Corp (NYSE:WAC) to report earnings on November, 3. They expect $-0.07 EPS, down 120.59% or $0.41 from last year’s $0.34 per share. After $-0.01 actual EPS 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. The stock of Walter Investment Management Corp (NYSE:WAC) has “Hold” rating given on Tuesday, September 1 by Zacks. The rating was maintained by Credit Suisse with “Neutral” on Monday, March 7. The firm earned “Hold” rating on Tuesday, September 8 by Zacks. On Monday, November 9 the stock rating was upgraded by Keefe Bruyette & Woods to “Market Perform”. FBR Capital maintained it with “Underperform” rating and $7 target price in Friday, November 6 report. Barclays Capital maintained Walter Investment Management Corp (NYSE:WAC) rating on Wednesday, August 10. Barclays Capital has “Underweight” rating and $2 price target.

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 is negative, 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.
Moreover, Manufacturers Life The has 0% invested in Walter Investment Management Corp (NYSE:WAC) for 1,126 shares. Blackrock Group Inc Ltd last reported 0% of its portfolio in the stock. Citigroup Incorporated last reported 6,686 shares in the company. D E Shaw & has 16,277 shares for 0% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has 480 shares for 0% of their US portfolio. The Illinois-based Citadel Advsr Ltd Liability Company has invested 0% in Walter Investment Management Corp (NYSE:WAC). Blackrock Limited Liability Company reported 11,601 shares or 0% of all its holdings. Teachers Advsrs accumulated 0% or 45,451 shares. New York State Common Retirement Fund has invested 0% of its portfolio in Walter Investment Management Corp (NYSE:WAC). Cornerstone Capital Mgmt Limited Liability Company has 0% invested in the company for 8,191 shares. Moreover, Tower Cap Ltd Llc (Trc) has 0% invested in Walter Investment Management Corp (NYSE:WAC) for 5,011 shares. American Grp Inc holds 0% or 11,155 shares in its portfolio. Royal Retail Bank Of Canada owns 504 shares or 0% of their US portfolio. Wells Fargo And Company Mn owns 22,503 shares or 0% of their US portfolio. Blackrock Inv Management Lc last reported 88,058 shares in the company.

Insider Transactions: Since May 5, 2016, the stock had 3 buys, and 1 sale for $211,767 net activity. 21,505 shares with value of $99,568 were bought by SCHNEIDER DAVID C on Friday, May 6. $116,250 worth of Walter Investment Management Corp (NYSE:WAC) was bought by DEMOLINA ALVARO G on Thursday, May 5. $23,400 worth of Walter Investment Management Corp (NYSE:WAC) was bought by Pappas James L. Boyd Stuart Douglass had sold 8,780 shares worth $27,451.

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 Full Year And Fourth Quarter 2015 …” published on February 29, 2016, Prnewswire.com published: “Walter Investment Management Corp. Announces Second Quarter 2016 Highlights …” on August 09, 2016. More interesting news about Walter Investment Management Corp (NYSE:WAC) were released by: Prnewswire.com and their article: “Walter Investment Management Corp. names former senior General Electric and …” published on June 08, 2016 as well as Moodys.com‘s news article titled: “Moody’s downgrades Walter Investment’s ratings” with publication date: March 03, 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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