WMIH (COOP) Trading 6.6% Higher Following Strong Earnings

Shares of WMIH Corp (NASDAQ:COOP) traded up 6.6% during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $15.99 and last traded at $15.32. 1,451,283 shares traded hands during mid-day trading, an increase of 472% from the average session volume of 253,764 shares. The stock had previously closed at $14.37.

The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. WMIH had a net margin of 229.44% and a return on equity of 18.07%.

Several analysts recently commented on the stock. Piper Jaffray Companies raised shares of WMIH from an “underweight” rating to a “neutral” rating in a report on Tuesday, October 30th. Barclays raised shares of WMIH from an “underweight” rating to a “hold” rating and set a $18.00 target price for the company in a report on Friday. Zacks Investment Research upgraded shares of WMIH from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Finally, Wedbush reiterated a “buy” rating and issued a $23.00 price objective on shares of WMIH in a research note on Wednesday, October 17th.

An institutional investor recently bought a new position in WMIH stock. Thompson Siegel & Walmsley LLC bought a new stake in WMIH Corp (NASDAQ:COOP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,859,225 shares of the company’s stock, valued at approximately $9,534,000. Thompson Siegel & Walmsley LLC owned approximately 38.00% of WMIH at the end of the most recent quarter.

The stock has a market cap of $259.35 million, a P/E ratio of 125.92 and a beta of -0.63.

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WMIH Company Profile (NASDAQ:COOP)

Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. It offers home loan servicers focused on delivering various servicing and lending products, services, and technologies. The company provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents, and mortgage companies.

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