Walter Investment Management Corp. (NYSE:WAC) COO Keith Anderson unloaded 15,857 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $40.14, for a total value of $636,499.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on WAC. Analysts at Oppenheimer initiated coverage on shares of Walter Investment Management Corp. (NYSE:WAC) in a research note to investors on Monday. They set a “market perform” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Walter Investment Management Corp. (NYSE:WAC) from $38.00 to $44.00 in a research note to investors on Monday, August 12th. They now have a “market perform” rating on the stock. Finally, analysts at Compass Point downgraded shares of Walter Investment Management Corp. (NYSE:WAC) from a “buy” rating to a “neutral” rating in a research note to investors on Friday, August 9th. They noted that the move was a valuation call.
One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $43.99.
Walter Investment Management Corp. (NYSE:WAC) traded up 0.85% during mid-day trading on Monday, hitting $40.36. The stock had a trading volume of 454,239 shares. Walter Investment Management Corp. has a 52-week low of $31.02 and a 52-week high of $49.99. The stock’s 50-day moving average is $39.11 and its 200-day moving average is $37.77. The company has a market cap of $1.492 billion and a P/E ratio of 9.88.
Walter Investment Management Corp. (NYSE:WAC) last released its earnings data on Thursday, August 8th. The company reported $4.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.03 by $3.72. The company had revenue of $569.20 million for the quarter, compared to the consensus estimate of $374.77 million. The company’s quarterly revenue was up 277.2% on a year-over-year basis. On average, analysts predict that Walter Investment Management Corp. will post $9.19 earnings per share for the current fiscal year.
Walter Investment Management Corp., together with its subsidiaries, is a fee-based business services provider to the residential mortgage industry.
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