Rhumbline Advisers Purchases Shares of 10,191 Onity Group (NYSE:ONIT)

Rhumbline Advisers acquired a new position in Onity Group (NYSE:ONIT) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,191 shares of the company’s stock, valued at approximately $313,000. Rhumbline Advisers owned approximately 0.13% of Onity Group as of its most recent filing with the SEC.

Separately, JPMorgan Chase & Co. increased its position in shares of Onity Group by 181.5% in the third quarter. JPMorgan Chase & Co. now owns 17,255 shares of the company’s stock worth $551,000 after acquiring an additional 11,126 shares in the last quarter. Institutional investors and hedge funds own 70.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ONIT shares. Keefe, Bruyette & Woods raised their price objective on shares of Onity Group from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. BTIG Research upgraded Onity Group from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Monday, December 9th. Finally, B. Riley raised Onity Group to a “strong-buy” rating in a research report on Tuesday, January 7th.

Onity Group Price Performance

NYSE ONIT opened at $30.76 on Monday. The stock has a 50-day simple moving average of $33.50 and a 200 day simple moving average of $31.49. Onity Group has a twelve month low of $22.40 and a twelve month high of $41.27. The stock has a market capitalization of $242.14 million, a PE ratio of 7.52 and a beta of 1.98. The company has a debt-to-equity ratio of 20.28, a quick ratio of 26.46 and a current ratio of 26.46.

Onity Group (NYSE:ONIT) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.95). Onity Group had a net margin of 3.47% and a return on equity of 20.50%. The firm had revenue of $224.80 million for the quarter, compared to the consensus estimate of $253.37 million. Research analysts anticipate that Onity Group will post 10.51 EPS for the current year.

Onity Group 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.