Edgestream Partners L.P. reduced its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 32.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,394 shares of the company's stock after selling 27,558 shares during the period. Edgestream Partners L.P. owned approximately 0.09% of Mr. Cooper Group worth $5,606,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of COOP. Harvest Fund Management Co. Ltd raised its position in shares of Mr. Cooper Group by 152.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company's stock valued at $41,000 after acquiring an additional 270 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of Mr. Cooper Group during the fourth quarter worth $48,000. ORG Partners LLC bought a new stake in Mr. Cooper Group in the fourth quarter valued at about $51,000. Harbor Capital Advisors Inc. acquired a new position in Mr. Cooper Group in the third quarter valued at about $52,000. Finally, Blue Trust Inc. lifted its stake in Mr. Cooper Group by 38.8% in 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. 89.82% of the stock is owned by institutional investors.
Insider Transactions at Mr. Cooper Group
In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the completion of the transaction, the chief executive officer now owns 758,821 shares in the company, valued at approximately $71,700,996.29. This represents a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.33% of the company's stock.
Mr. Cooper Group Stock Performance
NASDAQ COOP traded down $1.32 on Tuesday, reaching $99.22. The company had a trading volume of 959,340 shares, compared to its average volume of 576,229. The company's fifty day moving average is $103.80 and its 200-day moving average is $97.49. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 0.32 and a beta of 1.49. Mr. Cooper Group Inc. has a 1-year low of $72.00 and a 1-year high of $114.05.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. On average, research analysts forecast that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently commented on COOP shares. UBS Group upped their price target on Mr. Cooper Group from $122.00 to $135.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Piper Sandler upped their target price on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Barclays lifted their price target on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Keefe, Bruyette & Woods upped their price objective on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the company a "market perform" rating in a research report on Thursday, February 13th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Mr. Cooper Group has a consensus rating of "Moderate Buy" and a consensus target price of $112.22.
Check Out Our Latest Report on Mr. Cooper Group
About Mr. Cooper Group
(
Free Report)
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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