F M Investments LLC Acquires Shares of 3,255 Mr. Cooper Group Inc. (NASDAQ:COOP)

F M Investments LLC bought a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,255 shares of the company's stock, valued at approximately $313,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Picton Mahoney Asset Management raised its stake in shares of Mr. Cooper Group by 41.3% in the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after acquiring an additional 95 shares during the period. Asset Planning Inc purchased a new stake in Mr. Cooper Group in the 4th quarter worth about $48,000. ORG Partners LLC bought a new stake in Mr. Cooper Group in the fourth quarter worth about $51,000. Blue Trust Inc. boosted its position in shares of Mr. Cooper Group by 38.8% during the fourth quarter. Blue Trust Inc. now owns 794 shares of the company's stock valued at $76,000 after buying an additional 222 shares during the period. Finally, National Bank of Canada FI bought a new position in Mr. Cooper Group in the 4th quarter valued at $78,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the sale, the chief executive officer now owns 698,821 shares in the company, valued at $78,435,669.04. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.33% of the stock is currently owned by insiders.

Mr. Cooper Group Price Performance

NASDAQ COOP traded down $1.51 during trading on Friday, hitting $111.21. The company's stock had a trading volume of 536,584 shares, compared to its average volume of 565,886. Mr. Cooper Group Inc. has a fifty-two week low of $75.61 and a fifty-two week high of $137.60. The company has a market cap of $7.07 billion, a PE ratio of 10.92, a P/E/G ratio of 0.32 and a beta of 1.17. The business's 50 day simple moving average is $110.68 and its 200-day simple moving average is $101.58.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. Analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays upped their price target on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. UBS Group lifted their target price on Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday. Keefe, Bruyette & Woods upped their price target on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. JMP Securities reaffirmed a "market outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Finally, Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their price target for the stock from $125.00 to $143.00 in a research report on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Mr. Cooper Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.89.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned.