90,207 Shares in Onity Group (NYSE:ONIT) Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership bought a new stake in Onity Group (NYSE:ONIT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 90,207 shares of the company's stock, valued at approximately $2,770,000. Arrowstreet Capital Limited Partnership owned 1.15% of Onity Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prescott Group Capital Management L.L.C. acquired a new position in shares of Onity Group during the fourth quarter valued at approximately $4,686,000. JPMorgan Chase & Co. raised its stake in Onity Group by 205.6% in the 4th quarter. JPMorgan Chase & Co. now owns 52,723 shares of the company's stock valued at $1,619,000 after purchasing an additional 35,468 shares during the last quarter. Empowered Funds LLC purchased a new position in Onity Group in the 4th quarter valued at $1,377,000. Segall Bryant & Hamill LLC acquired a new stake in Onity Group during the 4th quarter worth $1,306,000. Finally, American Century Companies Inc. purchased a new stake in shares of Onity Group during the fourth quarter worth $960,000. 70.16% of the stock is owned by hedge funds and other institutional investors.

Onity Group Trading Up 0.5 %

Onity Group stock traded up $0.14 during trading on Tuesday, reaching $30.00. 4,289 shares of the company were exchanged, compared to its average volume of 50,094. The stock's 50 day simple moving average is $32.09 and its two-hundred day simple moving average is $31.76. The company has a market capitalization of $236.15 million, a P/E ratio of 7.33 and a beta of 1.58. The company has a debt-to-equity ratio of 20.28, a current ratio of 26.46 and a quick ratio of 26.46. Onity Group has a 52-week low of $22.40 and a 52-week high of $41.27.

Onity Group (NYSE:ONIT - Get Free Report) last posted its quarterly earnings results 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 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, equities research analysts expect that Onity Group will post 10.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, B. Riley upgraded shares of Onity Group to a "strong-buy" rating in a research report on Tuesday, January 7th.

Onity Group Company 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.