Marshall Wace LLP Purchases New Holdings in Onity Group (NYSE:ONIT)

Marshall Wace LLP acquired a new position in Onity Group (NYSE:ONIT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,889 shares of the company's stock, valued at approximately $703,000. Marshall Wace LLP owned about 0.29% of Onity Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ONIT. Raymond James Financial Inc. purchased a new stake in shares of Onity Group during the 4th quarter valued at $886,000. JPMorgan Chase & Co. lifted its stake in Onity Group by 181.5% during the third quarter. JPMorgan Chase & Co. now owns 17,255 shares of the company's stock worth $551,000 after purchasing an additional 11,126 shares during the last quarter. Oaktree Capital Management LP purchased a new stake in Onity Group in the fourth quarter worth approximately $12,604,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Onity Group during the fourth quarter worth approximately $583,000. Finally, Empowered Funds LLC bought a new stake in shares of Onity Group in the 4th quarter worth approximately $1,377,000. 70.16% of the stock is owned by hedge funds and other institutional investors.

Onity Group Trading Down 0.5 %

Shares of ONIT traded down $0.19 during mid-day trading on Wednesday, hitting $37.07. 64,153 shares of the company's stock traded hands, compared to its average volume of 36,134. The business's 50-day moving average price is $31.53 and its 200-day moving average price is $32.10. Onity Group has a 1 year low of $22.40 and a 1 year high of $41.27. The firm has a market capitalization of $296.92 million, a P/E ratio of 9.06 and a beta of 1.89. The company has a quick ratio of 26.46, a current ratio of 26.46 and a debt-to-equity ratio of 20.28.

Onity Group (NYSE:ONIT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $2.84 EPS for the quarter, topping the consensus estimate of $1.79 by $1.05. The business had revenue of $249.80 million during the quarter, compared to analyst estimates of $244.63 million. Onity Group had a net margin of 3.47% and a return on equity of 20.50%. As a group, sell-side analysts forecast that Onity Group will post 10.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ONIT has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price objective on Onity Group from $45.00 to $50.00 and gave the company an "outperform" rating in a research note on Wednesday. BTIG Research restated a "buy" rating on shares of Onity Group in a research report on Monday. Finally, B. Riley upgraded Onity Group to a "strong-buy" rating in a research report on Tuesday, January 7th.

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.