: Appaloosa LP disclosed that they own a 3.7% stake in WMIH Corp. (NASDAQ:WMIH) in a Schedule 13G/A disclosure that was filed with the Securities and Exchange Commission on Thursday, October 13th. The investor owns 7,600,000 shares of the stock worth about $16,568,000. The reporting parties listed on the disclosure included : Appaloosa LP, : Appaloosa Investment Limited Partnership I, : Palomino Master Ltd, : Appaloosa Management LP, : Appaloosa Partners Inc and : David A Tepper. The filing is available through EDGAR at this link.
WMIH Corp. (NASDAQ:WMIH) remained flat at $2.18 during trading on Thursday. The stock had a trading volume of 344,812 shares. The firm has a 50 day moving average price of $2.34 and a 200 day moving average price of $2.31. The stock has a market cap of $436.00 million and a price-to-earnings ratio of 16.77. WMIH Corp. has a one year low of $2.05 and a one year high of $2.94.
Separately, TheStreet raised shares of WMIH Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, September 14th.