Alliancebernstein L.P. Reduces Stock Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Alliancebernstein L.P. lessened its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 18.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 117,797 shares of the company's stock after selling 26,070 shares during the quarter. Alliancebernstein L.P. owned about 0.18% of Mr. Cooper Group worth $11,310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COOP. Picton Mahoney Asset Management raised its position in Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after purchasing an additional 95 shares during the last quarter. Williamson Legacy Group LLC boosted its stake in shares of Mr. Cooper Group by 1.1% during the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company's stock worth $1,040,000 after buying an additional 118 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Mr. Cooper Group by 2.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock worth $479,000 after buying an additional 128 shares during the last quarter. Dakota Wealth Management increased its position in Mr. Cooper Group by 0.7% in the 4th quarter. Dakota Wealth Management now owns 27,695 shares of the company's stock valued at $2,659,000 after acquiring an additional 181 shares during the period. Finally, Blue Trust Inc. raised its stake in Mr. Cooper Group by 38.8% during the 4th quarter. Blue Trust Inc. now owns 794 shares of the company's stock valued at $76,000 after acquiring an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.

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Mr. Cooper Group Price Performance

Mr. Cooper Group stock traded up $4.13 during mid-day trading on Monday, hitting $114.13. 498,305 shares of the company were exchanged, compared to its average volume of 559,489. Mr. Cooper Group Inc. has a 12-month low of $74.49 and a 12-month high of $137.60. The business's 50 day simple moving average is $110.06 and its two-hundred day simple moving average is $101.11. The company has a market capitalization of $7.26 billion, a P/E ratio of 11.21, a PEG ratio of 0.32 and a beta of 1.17.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 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%. Equities research analysts predict that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Analysts Set New Price Targets

COOP has been the subject of several analyst reports. JMP Securities restated a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, February 13th. UBS Group boosted their price target on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Barclays lifted their price objective on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Finally, 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 note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Mr. Cooper Group presently has an average rating of "Moderate Buy" and a consensus price target of $119.78.

Insider Activity

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was 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 directly owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. This trade represents a 4.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.33% of the company's stock.

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.