WMIH Corp (WMIH) Shares Bought by BlackRock Inc.

BlackRock Inc. boosted its holdings in WMIH Corp (NASDAQ:WMIH) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,699,455 shares of the financial services provider’s stock after purchasing an additional 510,909 shares during the period. BlackRock Inc. owned about 0.05% of WMIH worth $15,677,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its stake in WMIH by 13.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,091,380 shares of the financial services provider’s stock valued at $1,463,000 after acquiring an additional 127,512 shares during the last quarter. Barclays PLC boosted its stake in WMIH by 160.8% during the 1st 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 last quarter. The Manufacturers Life Insurance Company boosted its stake in WMIH by 51.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 149,125 shares of the financial services provider’s stock valued at $212,000 after acquiring an additional 50,783 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in WMIH during the 1st quarter valued at $626,000. 36.61% of the stock is currently owned by institutional investors and hedge funds.

WMIH has been the topic of a number of research analyst reports. BidaskClub downgraded shares of WMIH from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 22nd. Keefe, Bruyette & Woods initiated coverage on shares of WMIH in a research note on Tuesday, July 31st. They set an “outperform” rating and a $1.80 price objective on the stock. Credit Suisse Group initiated coverage on shares of WMIH in a research note on Tuesday, July 31st. They set an “outperform” rating and a $1.85 price objective on the stock. Barclays reiterated a “sell” rating and set a $1.50 price objective on shares of WMIH in a research note on Wednesday, August 1st. Finally, Wedbush initiated coverage on shares of WMIH in a research note on Thursday, August 23rd. They set an “outperform” rating and a $1.90 price objective on the stock. Three equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $1.66.

Shares of NASDAQ:WMIH opened at $1.31 on Tuesday. The firm has a market cap of $301.16 million, a price-to-earnings ratio of 131.00 and a beta of -1.19. WMIH Corp has a 1-year low of $0.60 and a 1-year high of $1.67.

WMIH (NASDAQ:WMIH) last issued its earnings results on Friday, July 27th. The financial services provider reported ($0.01) earnings per share for the quarter. The business 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%. Sell-side analysts anticipate that WMIH Corp will post 0.17 EPS for the current fiscal 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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Institutional Ownership by Quarter for WMIH (NASDAQ:WMIH)

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