Onity Group (NYSE:ONIT) Earns Hold (C) Rating from Weiss Ratings

Onity Group (NYSE:ONIT)‘s stock had its “hold (c)” rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

ONIT has been the topic of a number of other research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Onity Group from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Wall Street Zen raised shares of Onity Group from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Finally, Zacks Research lowered shares of Onity Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $50.00.

Onity Group Stock Performance

Shares of ONIT opened at $38.72 on Friday. The company has a current ratio of 37.90, a quick ratio of 37.90 and a debt-to-equity ratio of 23.99. The stock has a market capitalization of $312.05 million, a P/E ratio of 9.88 and a beta of 1.49. The firm’s fifty day simple moving average is $40.37 and its two-hundred day simple moving average is $37.99. Onity Group has a 12 month low of $25.50 and a 12 month high of $45.83.

Onity Group (NYSE:ONIT) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.21). Onity Group had a return on equity of 18.99% and a net margin of 3.74%.The company had revenue of $246.60 million for the quarter, compared to the consensus estimate of $252.90 million. As a group, analysts predict that Onity Group will post 10.51 EPS for the current year.

Institutional Trading of Onity Group

Several large investors have recently bought and sold shares of the stock. State of Wyoming acquired a new stake in Onity Group during the 2nd quarter valued at approximately $119,000. BNP Paribas Financial Markets grew its holdings in shares of Onity Group by 367.2% during the second quarter. BNP Paribas Financial Markets now owns 3,163 shares of the company’s stock worth $121,000 after buying an additional 2,486 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Onity Group by 4.4% during the second quarter. Bridgeway Capital Management LLC now owns 110,683 shares of the company’s stock worth $4,225,000 after buying an additional 4,623 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Onity Group by 9.6% in the second quarter. Ameriprise Financial Inc. now owns 12,147 shares of the company’s stock valued at $464,000 after purchasing an additional 1,061 shares during the period. Finally, Quantinno Capital Management LP lifted its position in Onity Group by 33.7% in the second quarter. Quantinno Capital Management LP now owns 9,489 shares of the company’s stock valued at $362,000 after buying an additional 2,391 shares during the last quarter. Hedge funds and other institutional investors own 70.16% of the company’s stock.

Onity Group Company Profile

Onity Group Inc, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans.