WMIH Corp (WMIH) Receives $1.66 Average Price Target from Brokerages

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WMIH Corp (NASDAQ:WMIH) has been given an average recommendation of “Hold” by the seven analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $1.66.

Several equities research analysts recently commented on WMIH shares. BidaskClub cut WMIH from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 22nd. Keefe, Bruyette & Woods started coverage on WMIH in a research report on Tuesday, July 31st. They set an “outperform” rating and a $1.80 price objective on the stock. Credit Suisse Group started coverage on WMIH in a research report on Tuesday, July 31st. They set an “outperform” rating and a $1.85 price objective on the stock. Barclays reaffirmed a “sell” rating and set a $1.50 price objective on shares of WMIH in a research report on Wednesday, August 1st. Finally, Wedbush started coverage on WMIH in a research report on Thursday, August 23rd. They set an “outperform” rating and a $1.90 price objective on the stock.

Hedge funds have recently bought and sold shares of the business. Clearline Capital LP bought a new position in WMIH in the second quarter valued at about $1,299,000. Barclays PLC lifted its holdings in WMIH by 160.8% in the first quarter. Barclays PLC now owns 85,513 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 52,720 shares during the period. Russell Investments Group Ltd. bought a new position in WMIH in the first quarter valued at about $626,000. Schwab Charles Investment Management Inc. lifted its holdings in WMIH by 10.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 963,868 shares of the financial services provider’s stock valued at $1,369,000 after acquiring an additional 90,303 shares during the period. Finally, MYDA Advisors LLC bought a new position in WMIH in the second quarter valued at about $1,206,000. 36.61% of the stock is currently owned by institutional investors.

NASDAQ WMIH opened at $1.31 on Friday. WMIH has a 12 month low of $0.60 and a 12 month high of $1.67. The firm has a market capitalization of $301.16 million, a PE ratio of 131.00 and a beta of -1.19.

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