WMIH (WMIH) Lifted to “Buy” at BidaskClub

BidaskClub upgraded shares of WMIH (NASDAQ:WMIH) from a hold rating to a buy rating in a research report report published on Tuesday.

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

Shares of NASDAQ:WMIH opened at $1.45 on Tuesday. WMIH has a fifty-two week low of $0.60 and a fifty-two week high of $1.61.



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

Several large investors have recently modified their holdings of WMIH. Wells Fargo & Company MN boosted its position in shares of WMIH by 39.0% during the third quarter. Wells Fargo & Company MN now owns 284,661 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 79,883 shares during the last quarter. Scoggin Management LP boosted its position in shares of WMIH by 14.4% during the third quarter. Scoggin Management LP now owns 5,729,015 shares of the financial services provider’s stock worth $5,443,000 after acquiring an additional 720,782 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of WMIH by 1,613.5% during the fourth quarter. SG Americas Securities LLC now owns 453,934 shares of the financial services provider’s stock worth $385,000 after acquiring an additional 427,442 shares during the last quarter. Citadel Advisors LLC boosted its position in shares of WMIH by 228.8% during the fourth quarter. Citadel Advisors LLC now owns 149,685 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 104,166 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of WMIH by 140.5% during the fourth quarter. Deutsche Bank AG now owns 437,018 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 255,303 shares during the last quarter. Hedge funds and other institutional investors own 37.74% of the company’s stock.

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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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