Dark Forest Capital Management LP Grows Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Dark Forest Capital Management LP lifted its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 775.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,216 shares of the company's stock after acquiring an additional 24,992 shares during the quarter. Dark Forest Capital Management LP's holdings in Mr. Cooper Group were worth $2,709,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Barclays PLC increased its holdings in Mr. Cooper Group by 198.0% in the 3rd quarter. Barclays PLC now owns 132,017 shares of the company's stock worth $12,170,000 after acquiring an additional 87,712 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Mr. Cooper Group in the third quarter worth approximately $2,537,000. Tidal Investments LLC acquired a new position in Mr. Cooper Group in the 3rd quarter valued at $2,459,000. Oliver Luxxe Assets LLC lifted its holdings in Mr. Cooper Group by 5.8% in the 4th quarter. Oliver Luxxe Assets LLC now owns 41,535 shares of the company's stock valued at $3,988,000 after purchasing an additional 2,259 shares in the last quarter. Finally, Range Financial Group LLC purchased a new position in Mr. Cooper Group in the 4th quarter valued at $1,091,000. Hedge funds and other institutional investors own 89.82% of the company's stock.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group 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 transaction, the chief executive officer now directly owns 698,821 shares of the company's stock, valued at $78,435,669.04. The trade was a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.33% of the stock is owned by company insiders.

Mr. Cooper Group Stock Up 4.5 %

Shares of COOP stock opened at $112.07 on Wednesday. The firm has a 50 day moving average of $110.84 and a two-hundred day moving average of $102.04. The stock has a market capitalization of $7.17 billion, a PE ratio of 11.01, a P/E/G ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a 52 week low of $76.85 and a 52 week high of $137.60.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its 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%. Analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group raised their target price on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Citizens Jmp downgraded shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. JMP Securities reissued a "market outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Barclays raised their price objective on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Finally, Piper Sandler cut shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and upped their target price for the company from $125.00 to $143.00 in a research report on Friday, April 4th. Three investment 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, the company presently has an average rating of "Moderate Buy" and an average target price of $126.00.

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.

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