Analysts Set WMIH Corp (WMIH) PT at $1.66

Shares of WMIH Corp (NASDAQ:WMIH) have earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $1.66.

Several research firms have recently commented on WMIH. Piper Jaffray Companies assumed coverage on shares of WMIH in a research report on Friday, August 24th. They set an “underweight” rating and a $1.25 target price for the company. Wedbush assumed coverage on shares of WMIH in a research report on Thursday, August 23rd. They issued an “outperform” rating and a $1.90 price objective for the company. Finally, BidaskClub downgraded shares of WMIH from a “hold” rating to a “sell” rating in a research report on Wednesday, August 29th.

Shares of NASDAQ:WMIH traded down $0.02 during midday trading on Friday, hitting $1.31. 6,257,297 shares of the company’s stock were exchanged, compared to its average volume of 2,425,234. WMIH has a 12 month low of $0.60 and a 12 month high of $1.67.

A number of hedge funds have recently modified their holdings of WMIH. Schwab Charles Investment Management Inc. grew its position in WMIH by 13.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,091,380 shares of the financial services provider’s stock worth $1,463,000 after purchasing an additional 127,512 shares in the last quarter. BlackRock Inc. grew its position in WMIH by 4.6% in the 2nd quarter. BlackRock Inc. now owns 11,699,455 shares of the financial services provider’s stock worth $15,677,000 after purchasing an additional 510,909 shares in the last quarter. MYDA Advisors LLC bought a new stake in WMIH in the 2nd quarter worth about $1,206,000. Clearline Capital LP bought a new stake in WMIH in the 2nd quarter worth about $1,299,000. Finally, Northern Trust Corp grew its position in WMIH by 6.1% in the 2nd quarter. Northern Trust Corp now owns 2,167,892 shares of the financial services provider’s stock worth $2,905,000 after purchasing an additional 125,379 shares in the last quarter. 36.61% of the stock is owned by institutional investors and hedge funds.

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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