Segall Bryant & Hamill LLC Increases Stake in Onity Group Inc. (NYSE:ONIT)

Segall Bryant & Hamill LLC increased its holdings in shares of Onity Group Inc. (NYSE:ONIT - Free Report) by 42.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,420 shares of the company's stock after acquiring an additional 17,900 shares during the period. Segall Bryant & Hamill LLC owned about 0.77% of Onity Group worth $1,953,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ONIT. Long Focus Capital Management LLC acquired a new position in shares of Onity Group in the 4th quarter valued at $20,026,000. Oaktree Capital Management LP acquired a new stake in shares of Onity Group in the fourth quarter valued at about $12,604,000. Dimensional Fund Advisors LP acquired a new stake in shares of Onity Group in the fourth quarter valued at about $12,178,000. Deer Park Road Corp bought a new position in Onity Group during the fourth quarter worth about $9,561,000. Finally, Geode Capital Management LLC bought a new position in Onity Group during the fourth quarter worth about $4,163,000. 70.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ONIT has been the subject of a number of research analyst reports. BTIG Research restated a "buy" rating on shares of Onity Group in a report on Monday, May 5th. Keefe, Bruyette & Woods upped their price target on shares of Onity Group from $45.00 to $50.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. B. Riley increased their price objective on Onity Group from $50.00 to $55.00 and gave the company a "buy" rating in a report on Friday, June 20th. Finally, Wall Street Zen cut shares of Onity Group from a "buy" rating to a "hold" rating in a research report on Friday.

Onity Group Stock Up 1.2%

NYSE:ONIT traded up $0.45 on Tuesday, hitting $37.10. The stock had a trading volume of 34,453 shares, compared to its average volume of 39,211. The firm's fifty day simple moving average is $37.72 and its two-hundred day simple moving average is $34.53. The company has a debt-to-equity ratio of 25.88, a quick ratio of 33.57 and a current ratio of 33.57. Onity Group Inc. has a 1 year low of $24.26 and a 1 year high of $41.27. The stock has a market cap of $297.17 million, a P/E ratio of 13.02 and a beta of 1.65.

Onity Group (NYSE:ONIT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $1.05. The company had revenue of $249.80 million during the quarter, compared to the consensus estimate of $244.63 million. Onity Group had a net margin of 2.62% and a return on equity of 22.67%. Analysts predict that Onity Group Inc. will post 10.51 earnings per share 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.