Heartland Advisors Lowered Schnitzer Stl Inds (SCHN) Stake; Last Week Nationstar Mortgage Holdings Inc. (NSM) Coverage

April 21, 2018 - By Dolores Ford

Nationstar Mortgage Holdings Inc. (NYSE:NSM) Logo

Among 14 analysts covering Nationstar Mortgage Holdings (NYSE:NSM), 4 have Buy rating, 3 Sell and 7 Hold. Therefore 29% are positive. Nationstar Mortgage Holdings had 36 analyst reports since July 31, 2015 according to SRatingsIntel. As per Wednesday, April 5, the company rating was downgraded by Compass Point. The rating was initiated by Wedbush on Tuesday, March 28 with “Outperform”. The rating was maintained by Piper Jaffray with “Hold” on Wednesday, January 10. The firm has “Buy” rating by Nomura given on Wednesday, October 26. Piper Jaffray maintained Nationstar Mortgage Holdings Inc. (NYSE:NSM) on Tuesday, October 31 with “Sell” rating. The firm earned “Mkt Perform” rating on Friday, February 26 by FBR Capital. The stock of Nationstar Mortgage Holdings Inc. (NYSE:NSM) earned “Underweight” rating by Barclays Capital on Friday, March 2. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, May 29. The firm earned “Equal-Weight” rating on Thursday, August 4 by Barclays Capital. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, March 5. See Nationstar Mortgage Holdings Inc. (NYSE:NSM) latest ratings:

05/03/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $20.0 Maintain
02/03/2018 Broker: Barclays Capital Old Rating: Underweight New Rating: Underweight Old Target: $18 New Target: $19 Maintain
20/02/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $23 New Target: $20 Maintain
13/02/2018 Broker: Piper Jaffray Rating: Sell Downgrade
10/01/2018 Broker: Piper Jaffray Rating: Hold New Target: $18.0 Maintain
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $22.0 Maintain
11/12/2017 Broker: Barclays Capital Rating: Sell New Target: $18.0
21/11/2017 Broker: PiperJaffray Old Rating: Underweight New Rating: Neutral Upgrade
31/10/2017 Broker: Piper Jaffray Rating: Sell New Target: $15.5 Maintain

Heartland Advisors Inc decreased Schnitzer Stl Inds (SCHN) stake by 8.88% reported in 2017Q4 SEC filing. Heartland Advisors Inc sold 61,458 shares as Schnitzer Stl Inds (SCHN)’s stock declined 3.47%. The Heartland Advisors Inc holds 630,793 shares with $21.13M value, down from 692,251 last quarter. Schnitzer Stl Inds now has $843.52 million valuation. The stock decreased 1.08% or $0.35 during the last trading session, reaching $32.1. About 346,567 shares traded or 8.43% up from the average. Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) has risen 56.62% since April 21, 2017 and is uptrending. It has outperformed by 45.07% the S&P500.

Heartland Advisors Inc increased Cyberoptics Corp (NASDAQ:CYBE) stake by 25,000 shares to 275,000 valued at $4.13M in 2017Q4. It also upped Ceco Environmental Corp (NASDAQ:CECE) stake by 300,000 shares and now owns 400,000 shares. Fabrinet (NYSE:FN) was raised too.

Analysts await Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) to report earnings on June, 25. They expect $1.01 earnings per share, up 80.36% or $0.45 from last year’s $0.56 per share. SCHN’s profit will be $26.54 million for 7.95 P/E if the $1.01 EPS becomes a reality. After $0.90 actual earnings per share reported by Schnitzer Steel Industries, Inc. for the previous quarter, Wall Street now forecasts 12.22% EPS growth.

Among 5 analysts covering Schnitzer Steel Industries (NASDAQ:SCHN), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Schnitzer Steel Industries had 7 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) earned “Buy” rating by Jefferies on Wednesday, September 16. The rating was maintained by KeyBanc Capital Markets on Wednesday, October 11 with “Hold”. On Wednesday, August 12 the stock rating was downgraded by Zacks to “Buy”. On Tuesday, October 31 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm earned “Equal-Weight” rating on Tuesday, November 24 by Morgan Stanley.

Investors sentiment increased to 1.21 in 2017 Q4. Its up 0.11, from 1.1 in 2017Q3. It increased, as 18 investors sold SCHN shares while 50 reduced holdings. 29 funds opened positions while 53 raised stakes. 23.68 million shares or 1.34% more from 23.36 million shares in 2017Q3 were reported. Hsbc Holdg Plc has invested 0% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Millennium Mngmt Limited Liability Corp holds 0.03% or 685,889 shares in its portfolio. Parallax Volatility Advisers Limited Partnership stated it has 4,074 shares or 0% of all its holdings. Panagora Asset Management owns 18,456 shares for 0% of their portfolio. Los Angeles Capital Mngmt And Equity Inc invested 0.01% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). The Delaware-based Dupont Capital Management has invested 0.03% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Bailard Inc accumulated 49,700 shares. Moreover, Cambridge Investment Research has 0.01% invested in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) for 31,724 shares. Van Eck Assoc stated it has 55,092 shares. Schwab Charles Investment Mngmt holds 0.01% or 443,492 shares in its portfolio. Howe And Rusling holds 0% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) for 35 shares. Matarin Capital Management Ltd reported 1.12% stake. 10,259 are owned by Commercial Bank Of Montreal Can. Wellington Group Ltd Liability Partnership stated it has 325,114 shares or 0% of all its holdings. Piermont Cap Mgmt stated it has 79,556 shares or 0.87% of all its holdings.

Nationstar Mortgage Holdings Inc. provides servicing, origination, and transaction based services primarily to single-family residences in the United States. The company has market cap of $1.76 billion. It operates in three divisions: Servicing, Originations, and Xome. It has a 60.07 P/E ratio. The Servicing segment offers conventional residential mortgage loans and home equity conversion loans.

Nationstar Mortgage Holdings Inc. (NYSE:NSM) Institutional Positions Chart

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