Live Price Coverage: Walter Investment Management Corp Stock Is Crashing Now

Live Price Coverage: Walter Investment Management Corp Stock Is Crashing Now

The stock of Walter Investment Management Corp (NYSE:WAC) is a huge mover today! About 147,084 shares traded hands. Walter Investment Management Corp (NYSE:WAC) has declined 30.99% since April 6, 2016 and is downtrending. It has underperformed by 32.95% the S&P500.
The move comes after 6 months negative chart setup for the $189.68 million company. It was reported on Nov, 8 by Barchart.com. We have $4.34 PT which if reached, will make NYSE:WAC worth $26.56 million less.

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. Barclays Capital maintained it with “Underweight” rating and $2 target price in Wednesday, August 10 report. The stock of Walter Investment Management Corp (NYSE:WAC) earned “Hold” rating by Zacks on Tuesday, September 1. The rating was upgraded by Keefe Bruyette & Woods to “Market Perform” on Monday, November 9. FBR Capital maintained the shares of WAC in a report on Friday, November 6 with “Underperform” rating. The company was upgraded on Tuesday, September 8 by Zacks. Credit Suisse maintained Walter Investment Management Corp (NYSE:WAC) on Monday, March 7 with “Neutral” rating.

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 Q2 2016. Its down 0.49, from 1.09 in 2016Q1. The ratio turned 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.
Schwab Charles Mgmt accumulated 193,428 shares or 0% of the stock. Legal General Group Public Limited Company has 22,247 shares for 0% of their US portfolio. Ubs Asset Mgmt Americas Inc has invested 0% of its portfolio in Walter Investment Management Corp (NYSE:WAC). State Street last reported 632,858 shares in the company. Blackrock Fund last reported 489,882 shares in the company. Baker Street Capital Mgmt holds 100% of its portfolio in Walter Investment Management Corp (NYSE:WAC) for 8.68M shares. D E Shaw And Com holds 0% of its portfolio in Walter Investment Management Corp (NYSE:WAC) for 16,277 shares. Moreover, Swiss Bancorp has 0% invested in Walter Investment Management Corp (NYSE:WAC) for 36,500 shares. Blackrock Advisors Ltd Liability Co has 11,601 shares for 0% of their US portfolio. Bank Of New York Mellon last reported 137,042 shares in the company. Citigroup holds 0% of its portfolio in Walter Investment Management Corp (NYSE:WAC) for 6,686 shares. The New Jersey-based Raging Capital Limited Com has invested 1.36% in Walter Investment Management Corp (NYSE:WAC). State Board Of Administration Of Florida Retirement System accumulated 0% or 36,825 shares. Southernsun Asset Management Lc owns 2.18M shares or 0.16% of their US portfolio. Royal Savings Bank Of Canada has 504 shares for 0% of their US portfolio.

Insider Transactions: Since May 9, 2016, the stock had 0 insider purchases, and 1 sale for $27,451 net activity. $23,400 worth of Walter Investment Management Corp (NYSE:WAC) was bought by Pappas James L on Monday, May 9. The insider Boyd Stuart Douglass 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 the Hiring of Alfred W. Young, Jr …” on October 17, 2016, also Prnewswire.com with their article: “Walter Investment Management Corp. Announces Second Quarter 2016 Highlights …” published on August 09, 2016, Prnewswire.com published: “Walter Investment Management Corp. Announces Full Year And Fourth Quarter 2015 …” on February 29, 2016. More interesting news about Walter Investment Management Corp (NYSE:WAC) were released by: Prnewswire.com and their article: “Walter Investment Management Corp. Announces First Quarter 2016 Highlights and …” published on May 03, 2016 as well as Prnewswire.com‘s news article titled: “Walter Investment Management Corp. Announces Appointment Of Daniel Beltzman As …” with publication date: March 02, 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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