American Century Companies Inc. Makes New $960,000 Investment in Onity Group (NYSE:ONIT)

American Century Companies Inc. bought a new stake in Onity Group (NYSE:ONIT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,270 shares of the company’s stock, valued at approximately $960,000. American Century Companies Inc. owned about 0.40% of Onity Group at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. New York State Common Retirement Fund purchased a new stake in Onity Group in the 4th quarter valued at about $100,000. SBI Securities Co. Ltd. purchased a new position in Onity Group in the fourth quarter valued at approximately $224,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Onity Group during the fourth quarter valued at $226,000. Rhumbline Advisers purchased a new stake in Onity Group in the fourth quarter worth $313,000. Finally, JPMorgan Chase & Co. raised its stake 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 valued at $551,000 after buying an additional 11,126 shares during the period. 70.16% of the stock is owned by institutional investors.

Onity Group Stock Performance

Shares of ONIT stock opened at $28.67 on Friday. The firm’s 50 day moving average is $32.38 and its 200 day moving average is $31.77. The stock has a market capitalization of $225.68 million, a P/E ratio of 7.01 and a beta of 1.58. Onity Group has a 12 month low of $22.40 and a 12 month high of $41.27. The company has a current ratio of 26.46, a quick ratio of 26.46 and a debt-to-equity ratio of 20.28.

Onity Group (NYSE:ONIT) last posted its 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 return on equity of 20.50% and a net margin of 3.47%. The company had revenue of $224.80 million for the quarter, compared to analysts’ expectations of $253.37 million. On average, sell-side analysts anticipate that Onity Group will post 10.51 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley upgraded Onity Group to a “strong-buy” rating in a research note on Tuesday, January 7th.

About Onity Group

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.