BidaskClub Lowers WMIH (WMIH) to Hold

BidaskClub downgraded shares of WMIH (NASDAQ:WMIH) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

Separately, TheStreet raised shares of WMIH from a d+ rating to a c- rating in a report on Monday, February 26th.

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Shares of WMIH stock opened at $1.37 on Wednesday. WMIH has a 1 year low of $0.60 and a 1 year high of $1.61.

WMIH (NASDAQ:WMIH) last announced its earnings results on Thursday, March 1st. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $1.96 million for the quarter. WMIH had a return on equity of 14.81% and a net margin of 328.45%.

Institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC increased its holdings in WMIH by 228.8% in the 4th quarter. Citadel Advisors LLC now owns 149,685 shares of the financial services provider’s stock valued at $127,000 after buying an additional 104,166 shares during the period. Scoggin Management LP increased its holdings in WMIH by 14.4% in the 3rd quarter. Scoggin Management LP now owns 5,729,015 shares of the financial services provider’s stock valued at $5,443,000 after buying an additional 720,782 shares during the period. State Street Corp increased its holdings in WMIH by 6.4% in the 2nd quarter. State Street Corp now owns 3,428,366 shares of the financial services provider’s stock valued at $4,284,000 after buying an additional 206,400 shares during the period. SG Americas Securities LLC increased its holdings in WMIH by 1,613.5% in the 4th quarter. SG Americas Securities LLC now owns 453,934 shares of the financial services provider’s stock valued at $385,000 after buying an additional 427,442 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in WMIH by 39.0% in the 3rd quarter. Wells Fargo & Company MN now owns 284,661 shares of the financial services provider’s stock valued at $270,000 after buying an additional 79,883 shares during the period. 37.74% of the stock is currently owned by hedge funds and other institutional investors.

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About WMIH

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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