WMIH Corp (WMIH) Receives $1.66 Consensus PT from Brokerages

Shares of WMIH Corp (NASDAQ:WMIH) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $1.66.

Several research analysts have commented on the company. BidaskClub upgraded WMIH from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 2nd. Piper Jaffray Companies assumed coverage on WMIH in a report on Friday, August 24th. They set an “underweight” rating and a $1.25 price objective on the stock. Wedbush assumed coverage on WMIH in a report on Thursday, August 23rd. They set an “outperform” rating and a $1.90 price objective on the stock. Barclays restated a “sell” rating and set a $1.50 price objective on shares of WMIH in a report on Wednesday, August 1st. Finally, Keefe, Bruyette & Woods assumed coverage on WMIH in a report on Tuesday, July 31st. They set an “outperform” rating and a $1.80 price objective on the stock.

WMIH traded down $0.02 during trading on Friday, hitting $1.31. 6,257,297 shares of the stock were exchanged, compared to its average volume of 2,425,234. The company has a market capitalization of $301.16 million, a P/E ratio of 131.00 and a beta of -1.19. WMIH has a 1 year low of $0.60 and a 1 year high of $1.67.

WMIH (NASDAQ:WMIH) last released its quarterly earnings data on Friday, July 27th. The financial services provider reported ($0.01) EPS for the quarter. The firm had revenue of $3.08 million for the quarter. WMIH had a return on equity of 18.07% and a net margin of 229.44%. Equities analysts anticipate that WMIH will post 0.17 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted 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 valued at $15,887,000 after acquiring an additional 1,323,935 shares in the last quarter. Clearline Capital LP bought a new stake in WMIH during the 2nd quarter valued at $1,299,000. MYDA Advisors LLC bought a new stake in WMIH during the 2nd quarter valued at $1,206,000. Zweig DiMenna Associates LLC bought a new stake in WMIH during the 3rd quarter valued at $1,163,000. Finally, Russell Investments Group Ltd. bought a new stake in WMIH during the 1st quarter valued at $626,000. Institutional investors own 36.61% of the company’s stock.

About WMIH

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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