American Century Companies Inc. Purchases New Position in Onity Group (NYSE:ONIT)

American Century Companies Inc. bought a new position in shares of Onity Group (NYSE:ONIT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 31,270 shares of the company's stock, valued at approximately $960,000. American Century Companies Inc. owned 0.40% of Onity Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Prescott Group Capital Management L.L.C. bought a new position in shares of Onity Group during the fourth quarter valued at approximately $4,686,000. Empowered Funds LLC bought a new position in shares of Onity Group in the 4th quarter worth $1,377,000. Raymond James Financial Inc. purchased a new stake in shares of Onity Group during the 4th quarter worth $886,000. Bank of New York Mellon Corp bought a new stake in Onity Group during the fourth quarter valued at about $851,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in Onity Group in the fourth quarter valued at about $583,000. Hedge funds and other institutional investors own 70.16% of the company's stock.

Onity Group Stock Down 0.7 %

NYSE:ONIT traded down $0.22 during mid-day trading on Wednesday, hitting $29.40. 1,238 shares of the company's stock traded hands, compared to its average volume of 35,295. The company has a fifty day moving average of $31.90 and a 200 day moving average of $31.75. 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 has a twelve month low of $22.40 and a twelve month high of $41.27. The company has a market capitalization of $231.43 million, a P/E ratio of 7.19 and a beta of 1.58.

Onity Group (NYSE:ONIT - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.39 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 company had revenue of $224.80 million during the quarter, compared to analysts' expectations of $253.37 million. On average, analysts forecast that Onity Group will post 10.51 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley upgraded shares of Onity Group to a "strong-buy" rating in a report 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.