WMIH (COOP) Upgraded to “Hold” by Barclays

Barclays upgraded shares of WMIH (NASDAQ:COOP) from an underweight rating to a hold rating in a research note issued to investors on Friday morning, The Fly reports. Barclays currently has $18.00 price objective on the stock.

COOP has been the topic of a number of other research reports. Wedbush reiterated a buy rating and set a $23.00 price objective on shares of WMIH in a research report on Wednesday, October 17th. Zacks Investment Research upgraded WMIH from a sell rating to a hold rating in a research report on Wednesday, October 31st. Finally, Piper Jaffray Companies upgraded WMIH from an underweight rating to a neutral rating in a research report on Tuesday, October 30th.

Shares of NASDAQ COOP traded down $0.21 during midday trading on Friday, hitting $15.11. The stock had a trading volume of 807,671 shares, compared to its average volume of 700,211. The company has a market cap of $259.35 million, a PE ratio of 125.92 and a beta of -0.63. WMIH has a 1 year low of $7.20 and a 1 year high of $20.04.

WMIH (NASDAQ:COOP) last released its earnings results on Thursday, November 8th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05. WMIH had a return on equity of 18.07% and a net margin of 229.44%. Research analysts forecast that WMIH will post 2.06 EPS for the current fiscal year.

An institutional investor recently bought a new position in WMIH stock. Thompson Siegel & Walmsley LLC acquired a new position in shares of WMIH Corp (NASDAQ:COOP) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 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 as of its most recent filing with the Securities & Exchange Commission.

WMIH Company Profile

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.

See Also: Diversification

The Fly

Receive News & Ratings for WMIH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WMIH and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply