Onity Group Inc. $ONIT Shares Acquired by American Century Companies Inc.

American Century Companies Inc. grew its stake in Onity Group Inc. (NYSE:ONIT) by 139.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 75,025 shares of the company’s stock after buying an additional 43,755 shares during the quarter. American Century Companies Inc. owned 0.94% of Onity Group worth $2,425,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in Onity Group in the 4th quarter worth about $84,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Onity Group in the 4th quarter worth about $115,000. Wells Fargo & Company MN acquired a new position in Onity Group in the 4th quarter worth about $116,000. MetLife Investment Management LLC acquired a new position in Onity Group in the 4th quarter worth about $117,000. Finally, GAMMA Investing LLC raised its holdings in Onity Group by 7,724.6% in the 1st quarter. GAMMA Investing LLC now owns 4,460 shares of the company’s stock worth $138,000 after purchasing an additional 4,403 shares during the period. Institutional investors and hedge funds own 70.16% of the company’s stock.

Onity Group Price Performance

NYSE:ONIT opened at $41.41 on Monday. Onity Group Inc. has a 12 month low of $25.50 and a 12 month high of $43.00. The stock has a 50 day moving average of $38.78 and a two-hundred day moving average of $35.56. 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 firm has a market cap of $333.72 million, a P/E ratio of 10.56 and a beta of 1.44.

Onity Group (NYSE:ONIT) last posted its quarterly earnings results 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). The company had revenue of $246.60 million during the quarter, compared to analysts’ expectations of $252.90 million. Onity Group had a net margin of 3.74% and a return on equity of 18.99%. On average, analysts expect that Onity Group Inc. will post 10.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. B. Riley upped their price target on Onity Group from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, June 20th. BTIG Research reaffirmed a “buy” rating on shares of Onity Group in a report on Monday, May 5th. Zacks Research lowered Onity Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 21st. Keefe, Bruyette & Woods boosted their price objective on Onity Group from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen lowered Onity Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $50.00.

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.