WMIH (NASDAQ:WMIH) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Several other research firms have also issued reports on WMIH. Piper Jaffray Companies began coverage on WMIH in a research note on Friday, August 24th. They issued an “underweight” rating and a $1.25 price objective for the company. Wedbush began coverage on WMIH in a research note on Thursday, August 23rd. They issued an “outperform” rating and a $1.90 price objective for the company. Credit Suisse Group began coverage on WMIH in a research note on Tuesday, July 31st. They issued an “outperform” rating and a $1.85 price objective for the company. Barclays reaffirmed a “sell” rating and issued a $1.50 price objective on shares of WMIH in a research note on Wednesday, August 1st. Finally, Keefe, Bruyette & Woods began coverage on WMIH in a research note on Tuesday, July 31st. They issued an “outperform” rating and a $1.80 price objective for the company. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $1.66.

NASDAQ:WMIH opened at $1.60 on Wednesday. The company has a market capitalization of $333.66 million, a PE ratio of 159.00 and a beta of -1.33. WMIH has a 1 year low of $0.60 and a 1 year high of $1.67.

Several hedge funds have recently modified their holdings of the stock. Clearline Capital LP bought a new stake in shares of WMIH during the 2nd quarter worth approximately $1,299,000. MYDA Advisors LLC bought a new stake in shares of WMIH during the 2nd quarter worth approximately $1,206,000. BlackRock Inc. lifted its stake in shares of WMIH by 4.6% during the 2nd quarter. BlackRock Inc. now owns 11,699,455 shares of the financial services provider’s stock worth $15,677,000 after acquiring an additional 510,909 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of 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 worth $1,463,000 after acquiring an additional 127,512 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of WMIH by 160.8% during the 1st quarter. Barclays PLC now owns 85,513 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 52,720 shares during the last quarter. 41.49% of the stock is owned by hedge funds and other institutional investors.

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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