Price Action Report: Is Walter Investment Management Corp a Buy? The Stock Rises Again

Price Action Report: Is Walter Investment Management Corp a Buy? The Stock Rises Again

The stock of Walter Investment Management Corp (NYSE:WAC) is a huge mover today! The stock last traded at $5.7 per share. It is down 25.29% since April 28, 2016 and is downtrending. It has underperformed by 31.22% the S&P500.
The move comes after 6 months positive chart setup for the $214.57M company. It was reported on Dec, 1 by Barchart.com. We have $5.99 PT which if reached, will make NYSE:WAC worth $10.73M more.

Analysts await Walter Investment Management Corp (NYSE:WAC) to report earnings on March, 6. They expect $-0.53 earnings per share, down 65.63% or $0.21 from last year’s $-0.32 per share. After $-0.20 actual earnings per share reported by Walter Investment Management Corp for the previous quarter, Wall Street now forecasts 165.00% 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 firm earned “Underweight” rating on Wednesday, August 10 by Barclays Capital. The stock of Walter Investment Management Corp (NYSE:WAC) has “Hold” rating given on Tuesday, September 8 by Zacks. Credit Suisse maintained the stock with “Neutral” rating in Monday, March 7 report. The company was downgraded on Tuesday, September 1 by Zacks. As per Friday, November 6, the company rating was maintained by FBR Capital. Keefe Bruyette & Woods upgraded the stock to “Market Perform” rating in Monday, November 9 report.

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 increased to 0.82 in 2016 Q2. Its up 0.22, from 0.6 in 2016Q1. The ratio increased, 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.
The Ontario – Canada-based Mackenzie Financial has invested 0% in Walter Investment Management Corp (NYSE:WAC). Dimensional Fund Advisors L P has 20,314 shares for 0% of their US portfolio. Creative Planning has 0% invested in the company for 1,334 shares. Blackrock Advsr Ltd Limited Liability Company last reported 11,601 shares in the company. Parametric Port Lc owns 46,851 shares or 0% of their US portfolio. Parallax Volatility Advisers L P, a California-based fund reported 29,916 shares. California State Teachers Retirement reported 39,131 shares or 0% of all its holdings. Moreover, Nationwide Fund Advisors has 0% invested in Walter Investment Management Corp (NYSE:WAC) for 12,464 shares. Pub Employees Retirement Association Of Colorado owns 13,310 shares or 0% of their US portfolio. Brighton Jones Limited Co owns 21,505 shares or 0.01% of their US portfolio. Baker Street Mgmt Lc owns 8.68M shares or 100% of their US portfolio. Grp One Trading Limited Partnership holds 2,150 shares or 0% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 480 shares or 0% of the stock. State Common Retirement Fund, a New York-based fund reported 15,000 shares. Blackrock Fund Advsrs has 0% invested in the company for 489,882 shares.

Insider Transactions: Since August 24, 2016, the stock had 0 buys, and 1 sale for $27,451 net activity. $27,451 worth of Walter Investment Management Corp (NYSE:WAC) was sold by Boyd Stuart Douglass on Wednesday, August 24.

More notable recent Walter Investment Management Corp (NYSE:WAC) news were published by: Prnewswire.com which released: “Walter Investment Management Corp. Amends Stockholder Rights Plan” on November 11, 2016, also Prnewswire.com with their article: “Walter Investment Management Corp. Announces Execution of MSR Purchase and …” published on November 16, 2016, Prnewswire.com published: “Walter Investment Management Corp. Announces the Hiring of Alfred W. Young, Jr …” on October 17, 2016. More interesting news about Walter Investment Management Corp (NYSE:WAC) were released by: Prnewswire.com and their article: “Walter Investment Management Corp. Announces Second Quarter 2016 Highlights …” published on August 09, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Walter Investment Management Corp. Announces Execution of MSR Purcha…” with publication date: November 16, 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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