Arrowstreet Capital Limited Partnership Sells 304,222 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Arrowstreet Capital Limited Partnership decreased its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 24.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 938,686 shares of the company's stock after selling 304,222 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.47% of Mr. Cooper Group worth $90,123,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in COOP. MassMutual Private Wealth & Trust FSB raised its stake in Mr. Cooper Group by 9,175.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company's stock valued at $472,000 after acquiring an additional 4,863 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Mr. Cooper Group during the 4th quarter valued at about $1,603,000. World Investment Advisors LLC acquired a new stake in Mr. Cooper Group in the third quarter worth approximately $2,537,000. Spire Wealth Management bought a new position in Mr. Cooper Group during the 4th quarter valued at $1,480,000. Finally, FMR LLC raised its stake in shares of Mr. Cooper Group by 42.9% in the 3rd quarter. FMR LLC now owns 485,907 shares of the company's stock worth $44,791,000 after buying an additional 145,767 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company's stock.

Insider Activity

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the transaction, the chief executive officer now 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 ownership of the stock. The sale 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 corporate insiders.

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Analyst Ratings Changes

Several brokerages have commented on COOP. Keefe, Bruyette & Woods boosted their price target on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the stock a "market perform" rating in a research report on Thursday, February 13th. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday. UBS Group raised their price objective on 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 boosted their target price on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Finally, Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price target for the company from $125.00 to $143.00 in a research report on Friday. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.78.

Mr. Cooper Group Price Performance

Mr. Cooper Group stock traded up $1.11 during mid-day trading on Friday, hitting $134.21. The company's stock had a trading volume of 2,713,854 shares, compared to its average volume of 531,069. Mr. Cooper Group Inc. has a 52-week low of $74.49 and a 52-week high of $137.60. The company has a market cap of $8.54 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. The firm's 50 day moving average is $108.62 and its 200 day moving average is $99.93.

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

Mr. Cooper Group 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.