Notable Price Action: Is Nationstar Mortgage Holdings Inc a Buy? The Stock Reaches 52-Week High Today

Notable Price Action: Is Nationstar Mortgage Holdings Inc a Buy? The Stock Reaches 52 Week High Today

The stock of Nationstar Mortgage Holdings Inc (NYSE:NSM) hit a new 52-week high and has $17.76 target or 3.00% above today’s $17.24 share price. The 7 months bullish chart indicates low risk for the $1.70B company. The 1-year high was reported on Dec, 1 by If the $17.76 price target is reached, the company will be worth $51.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.53% or $0.26 on December 1, hitting $17.24. About 586,674 shares traded hands or 35.85% up from the average. Nationstar Mortgage Holdings Inc (NYSE:NSM) has risen 43.90% since April 28, 2016 and is uptrending. It has outperformed by 37.97% the S&P500.

Analysts await Nationstar Mortgage Holdings Inc (NYSE:NSM) to report earnings on February, 23. They expect $0.37 EPS, up 15.63% or $0.05 from last year’s $0.32 per share. NSM’s profit will be $36.48M for 11.65 P/E if the $0.37 EPS becomes a reality. After $0.52 actual EPS reported by Nationstar Mortgage Holdings Inc for the previous quarter, Wall Street now forecasts -28.85% negative EPS growth.

Nationstar Mortgage Holdings Inc (NYSE:NSM) Ratings Coverage

Out of 10 analysts covering Nationstar Mortgage Holdings (NYSE:NSM), 3 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 30% are positive. Nationstar Mortgage Holdings has been the topic of 15 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The company was initiated on Wednesday, October 26 by Nomura. As per Thursday, August 4, the company rating was maintained by Citigroup. The rating was upgraded by Zacks on Wednesday, August 26 to “Strong Sell”. Wells Fargo downgraded Nationstar Mortgage Holdings Inc (NYSE:NSM) on Wednesday, November 4 to “Market Perform” rating. The firm earned “Mkt Perform” rating on Friday, February 26 by FBR Capital. Compass Point maintained it with “Neutral” rating and $19 target price in Monday, July 27 report. The firm has “Outperform” rating by Credit Suisse given on Monday, March 7. On Wednesday, December 16 the stock rating was downgraded by Morgan Stanley to “Underweight”. The rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, August 4. FBR Capital upgraded the stock to “Market Perform” rating in Friday, July 31 report.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 0.62 in Q2 2016. Its up 0.20, from 0.42 in 2016Q1. The ratio increased, as 21 funds sold all Nationstar Mortgage Holdings Inc shares owned while 50 reduced positions. 8 funds bought stakes while 22 increased positions. They now own 103.00 million shares or 4.25% less from 107.58 million shares in 2016Q1.
Goldman Sachs last reported 21,484 shares in the company. Blackrock Invest Management Ltd holds 139,827 shares or 0% of its portfolio. Northern Trust Corp has invested 0% of its portfolio in Nationstar Mortgage Holdings Inc (NYSE:NSM). Oxford Asset Mngmt accumulated 794,449 shares or 0.37% of the stock. Quantbot Techs L P has 5,120 shares for 0.01% of their US portfolio. The Tennessee-based Livingston Group Incorporated Asset Mngmt Co (Operating As Southport Management) has invested 0% in Nationstar Mortgage Holdings Inc (NYSE:NSM). Bnp Paribas Arbitrage Sa holds 0% or 1,595 shares in its portfolio. Tiaa Cref Investment Limited Co owns 109,535 shares or 0% of their US portfolio. Retail Bank Of America Corporation De last reported 0% of its portfolio in the stock. Jefferies Limited Liability Company reported 6,009 shares or 0% of all its holdings. Dimensional Fund Advsr Lp holds 147,119 shares or 0% of its portfolio. Timber Hill Lc last reported 0% of its portfolio in the stock. Blackrock Advsrs Lc holds 21,664 shares or 0% of its portfolio. Deutsche Bancorporation Ag holds 75,026 shares or 0% of its portfolio. Proxima Ltd Limited Liability Company has 1.48M shares for 6.52% of their US portfolio.

Another recent and important Nationstar Mortgage Holdings Inc (NYSE:NSM) news was published by which published an article titled: “Why Nationstar Mortgage Holdings Inc. Stock Dropped More Than 20% Today” on May 05, 2015.

NSM Company Profile

Nationstar Mortgage Holdings Inc., incorporated on May 9, 2011, provides servicing, origination and transaction based services principally to single-family residences throughout the United States. The Firm operates through three divisions: Servicing, Originations and Xome. The Firm provides residential loan services in the United States. The Firm also operate an integrated residential loan origination platform that is primarily focused on customer retention. The Company’s Xome subsidiary offers an array of complementary services related to the purchase and disposition of residential real estate.

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