WMIH Corp (WMIH) Receives Average Recommendation of “Sell” from Analysts
Shares of WMIH Corp (NASDAQ:WMIH) have been given a consensus broker rating score of 3.50 (Sell) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating and one has given a buy rating to the company.
Brokerages have set a 1-year consensus target price of $1.65 for the company, according to Zacks. Zacks has also given WMIH an industry rank of 222 out of 255 based on the ratings given to its competitors.
A number of analysts have recently weighed in on WMIH shares. BidaskClub raised WMIH from a “strong sell” rating to a “sell” rating in a research report on Thursday. Keefe, Bruyette & Woods began coverage on WMIH in a research report on Tuesday, July 31st. They set an “outperform” rating and a $1.80 price target for the company. Credit Suisse Group began coverage on WMIH in a research report on Tuesday, July 31st. They set an “outperform” rating and a $1.85 price target for the company. Finally, Barclays reaffirmed a “sell” rating and set a $1.50 price target on shares of WMIH in a research report on Wednesday, August 1st.
A number of institutional investors and hedge funds have recently modified their holdings of WMIH. Deutsche Bank AG lifted its position in WMIH by 140.5% during the 4th quarter. Deutsche Bank AG now owns 437,018 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 255,303 shares during the period. Schwab Charles Investment Management Inc. lifted its position in WMIH by 10.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 963,868 shares of the financial services provider’s stock worth $1,369,000 after acquiring an additional 90,303 shares during the period. BlackRock Inc. lifted its position in WMIH by 13.4% during the 1st quarter. BlackRock Inc. now owns 11,188,546 shares of the financial services provider’s stock worth $15,887,000 after acquiring an additional 1,323,935 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of WMIH during the 1st quarter valued at about $626,000. Finally, Bandera Partners LLC purchased a new position in shares of WMIH during the 1st quarter valued at about $1,739,000. 34.26% of the stock is owned by institutional investors.
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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