WMIH Corp (WMIH) Receives Average Recommendation of “Hold” from Brokerages

WMIH Corp (NASDAQ:WMIH) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $1.66.

A number of research firms recently issued reports on WMIH. Piper Jaffray Companies began coverage on shares of WMIH in a research report on Friday, August 24th. They set an “underweight” rating and a $1.25 target price on the stock. Wedbush began coverage on shares of WMIH in a research report on Thursday, August 23rd. They set an “outperform” rating and a $1.90 target price on the stock. BidaskClub downgraded shares of WMIH from a “hold” rating to a “sell” rating in a research report on Wednesday, August 29th. Barclays reiterated a “sell” rating and set a $1.50 target price on shares of WMIH in a research report on Wednesday, August 1st. Finally, Credit Suisse Group assumed coverage on shares of WMIH in a report on Tuesday, July 31st. They set an “outperform” rating and a $1.85 price objective on the stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its holdings in WMIH by 51.6% during the first quarter. The Manufacturers Life Insurance Company now owns 149,125 shares of the financial services provider’s stock worth $212,000 after buying an additional 50,783 shares during the last quarter. Barclays PLC raised its holdings in WMIH by 160.8% during the first quarter. Barclays PLC now owns 85,513 shares of the financial services provider’s stock worth $121,000 after buying an additional 52,720 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in WMIH by 10.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 963,868 shares of the financial services provider’s stock worth $1,369,000 after buying an additional 90,303 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in WMIH during the first quarter worth $139,000. Finally, Northern Trust Corp raised its holdings in WMIH by 6.1% during the second quarter. Northern Trust Corp now owns 2,167,892 shares of the financial services provider’s stock worth $2,905,000 after buying an additional 125,379 shares during the last quarter. Hedge funds and other institutional investors own 36.61% of the company’s stock.

Shares of WMIH stock traded down $0.03 during trading on Monday, reaching $1.33. 18,159,068 shares of the company traded hands, compared to its average volume of 4,694,001. WMIH has a 1-year low of $0.60 and a 1-year high of $1.67. The company has a market capitalization of $294.66 million, a PE ratio of 133.00 and a beta of -1.22.

WMIH (NASDAQ:WMIH) last released its earnings results on Friday, July 27th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter. WMIH had a net margin of 229.93% and a return on equity of 18.08%. The company had revenue of $3.08 million for the quarter. analysts anticipate that WMIH will post 0.17 earnings per share for the current fiscal year.

WMIH Company Profile

WMIH Corp., through its subsidiary, WM Mortgage Reinsurance Company, Inc, engages in legacy reinsurance business with respect to mortgage insurance operated in runoff mode. The company was formerly known as WMI Holdings Corp. and changed its name to WMIH Corp. in May 2015. WMIH Corp. was founded in 1889 and is headquartered in Seattle, Washington.

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Analyst Recommendations for WMIH (NASDAQ:WMIH)

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