Could NMI Holdings Inc (NMIH) Go Up? The Stock Formed Multiple Top

September 17, 2017 - By Ellis Scott

Investors sentiment decreased to 1.37 in 2016 Q4. Its down 0.39, from 1.76 in 2016Q3. It fall, as 12 investors sold NMI Holdings Inc shares while 39 reduced holdings. 34 funds opened positions while 36 raised stakes. 46.23 million shares or 5.18% less from 48.76 million shares in 2016Q3 were reported.
Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in NMI Holdings Inc (NASDAQ:NMIH) for 1,384 shares. Goldman Sachs reported 0% of its portfolio in NMI Holdings Inc (NASDAQ:NMIH). Clough Lp invested 0.08% of its portfolio in NMI Holdings Inc (NASDAQ:NMIH). Moreover, Prelude Cap Mgmt Ltd Liability Co has 0.01% invested in NMI Holdings Inc (NASDAQ:NMIH). Pnc Fin Services Gp Inc invested 0% in NMI Holdings Inc (NASDAQ:NMIH). Waterstone Cap Mngmt L P reported 10.08% in NMI Holdings Inc (NASDAQ:NMIH). Maltese Capital Ltd Limited Liability Company owns 784,492 shares. Citadel Ltd Limited Liability Company holds 0% of its portfolio in NMI Holdings Inc (NASDAQ:NMIH) for 21,762 shares. Hancock, a Mississippi-based fund reported 16,650 shares. Northern holds 0% or 546,072 shares. Metropolitan Life Ins Co Ny invested 0% of its portfolio in NMI Holdings Inc (NASDAQ:NMIH). Pinnacle Holding Ltd Liability accumulated 145,180 shares. 350 are owned by North Star Mngmt. Los Angeles Cap Management Equity owns 0% invested in NMI Holdings Inc (NASDAQ:NMIH) for 26,560 shares. Geode Mgmt Limited Liability Co holds 0% or 415,980 shares in its portfolio.

Since June 9, 2017, it had 1 insider purchase, and 1 insider sale for $2,158 activity. Muehlhauser Regina had bought 10,000 shares worth $110,342 on Wednesday, June 14.

The stock of NMI Holdings Inc (NMIH) shows a multiple tops pattern with $12.14 target or 7.00 % above today’s $11.35 share price. The 6 months chart pattern indicates low risk for the $679.44M company. It was reported on Sep, 17 by Finviz.com. If the $12.14 price target is reached, the company will be worth $47.56 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 3.18% or $0.35 on September 15, reaching $11.35. About 670,838 shares traded or 49.20% up from the average. NMI Holdings Inc (NASDAQ:NMIH) has risen 78.88% since September 17, 2016 and is uptrending. It has outperformed by 62.18% the S&P500.

Analysts expect NMI Holdings Inc (NASDAQ:NMIH) to report $0.15 EPS on November, 7.They anticipate $0.05 EPS change or 50.00 % from last quarter’s $0.1 EPS. NMIH’s profit would be $8.98 million giving it 18.92 P/E if the $0.15 EPS is correct. After having $0.10 EPS previously, NMI Holdings Inc’s analysts see 50.00 % EPS growth.

NMI Holdings Inc (NASDAQ:NMIH) Ratings Coverage

Among 7 analysts covering NMI Holdings (NASDAQ:NMIH), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. NMI Holdings had 15 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, September 5 by Keefe Bruyette & Woods. The stock of NMI Holdings Inc (NASDAQ:NMIH) earned “Outperform” rating by Wood on Tuesday, September 5. The firm has “Buy” rating given on Wednesday, August 2 by Deutsche Bank. The rating was maintained by FBR Capital with “Outperform” on Friday, February 19. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Wednesday, August 30. As per Friday, February 19, the company rating was maintained by Compass Point. The rating was downgraded by Keefe Bruyette & Woods on Monday, July 17 to “Hold”. Keefe Bruyette & Woods maintained NMI Holdings Inc (NASDAQ:NMIH) rating on Friday, February 19. Keefe Bruyette & Woods has “Outperform” rating and $7 target. Wood downgraded the stock to “Market Perform” rating in Monday, July 17 report. The stock of NMI Holdings Inc (NASDAQ:NMIH) has “Outperform” rating given on Wednesday, August 5 by JMP Securities.

More news for NMI Holdings Inc (NASDAQ:NMIH) were recently published by: Marketwired.com, which released: “Glenn Farrell to Step Down as Chief Financial Officer of NMI Holdings, Inc. as …” on February 03, 2017. Seekingalpha.com‘s article titled: “NMI Holdings’ (NMIH) CEO Brad Shuster on Q1 2017 Results – Earnings Call …” and published on May 05, 2017 is yet another important article.

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