Analysts at Wedbush began coverage on shares of WMIH (NASDAQ:WMIH) in a research note issued on Thursday, August 23rd, MarketBeat.com reports. The firm set an “outperform” rating and a $1.90 price target on the financial services provider’s stock. Wedbush’s price objective points to a potential upside of 26.67% from the company’s previous close.

WMIH has been the subject of several other reports. BidaskClub cut WMIH from a “sell” rating to a “strong sell” rating in a research report on Friday, July 20th. Credit Suisse Group assumed coverage on WMIH in a research report 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 report on Wednesday, August 1st. Finally, Keefe, Bruyette & Woods started coverage on WMIH in a research note on Tuesday, July 31st. They set an “outperform” rating and a $1.80 target price on the stock. Three investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. WMIH currently has a consensus rating of “Hold” and a consensus target price of $1.66.

NASDAQ WMIH traded down $0.02 during trading hours on Thursday, hitting $1.50. 2,065,766 shares of the company traded hands, compared to its average volume of 4,993,851. WMIH has a twelve month low of $0.60 and a twelve month high of $1.67.

A number of institutional investors have recently bought and sold shares of WMIH. Barclays PLC increased its stake in 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 period. MetLife Investment Advisors LLC bought a new position in WMIH during the 1st quarter worth $139,000. The Manufacturers Life Insurance Company increased its stake in shares of WMIH by 51.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 149,125 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 50,783 shares during the last quarter. Deutsche Bank AG increased its stake in shares of WMIH by 140.5% in the 4th quarter. Deutsche Bank AG now owns 437,018 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 255,303 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of WMIH in the 1st quarter valued at $626,000. Hedge funds and other institutional investors own 41.49% of the company’s stock.

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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Analyst Recommendations for WMIH (NASDAQ:WMIH)

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