Onity Group Inc.ONIT
Market Cap: $220M
About: Onity Group Inc is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs. Liberty is one of the nation's largest reverse mortgage lenders dedicated to education and providing loans that help customers meet their personal and financial needs.
Employees: 4,300
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
726% more call options, than puts
Call options by funds: $7.31M | Put options by funds: $885K
50.36% more ownership
Funds ownership: 0% [Q1] → 50.36% (+50.36%) [Q2]
15% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 20
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
3% less funds holding
Funds holding: 65 [Q1] → 63 (-2) [Q2]
12% less capital invested
Capital invested by funds: $107M [Q1] → $94.3M (-$13M) [Q2]
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Keefe, Bruyette & Woods Bose George 91% 1-year accuracy 32 / 35 met price target | 25%upside $35 | Outperform Maintained | 6 Aug 2024 |
Keefe, Bruyette & Woods Bose George 91% 1-year accuracy 32 / 35 met price target | 18%upside $33 | Outperform Upgraded | 10 Jul 2024 |
Financial journalist opinion
Based on 4 articles about ONIT published over the past 30 days