WMIH (COOP) Lifted to “Hold” at 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, The Fly reports. Barclays currently has $18.00 price target on the stock.

COOP has been the subject of a number of other reports. Zacks Investment Research cut WMIH from a hold rating to a sell rating in a research note on Tuesday, October 23rd. Piper Jaffray Companies raised WMIH from an underweight rating to a neutral rating in a research note on Tuesday, October 30th. Finally, Wedbush reaffirmed a buy rating and issued a $23.00 price objective on shares of WMIH in a research note on Wednesday, October 17th.

COOP stock traded down $0.21 during midday trading on Friday, hitting $15.11. 807,671 shares of the company’s stock were exchanged, compared to its average volume of 700,211. The stock has a market cap of $259.35 million, a price-to-earnings 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 posted its earnings results on Thursday, November 8th. The company reported $0.59 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts predict 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 stake in WMIH Corp (NASDAQ:COOP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

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.

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