Everence Capital Management Inc. Trims Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Everence Capital Management Inc. reduced its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 62.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,730 shares of the company's stock after selling 7,980 shares during the quarter. Everence Capital Management Inc.'s holdings in Mr. Cooper Group were worth $454,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of COOP. LSV Asset Management grew its stake in Mr. Cooper Group by 249.2% in the second quarter. LSV Asset Management now owns 633,260 shares of the company's stock worth $51,440,000 after purchasing an additional 451,926 shares during the period. FMR LLC lifted its position in Mr. Cooper Group by 42.9% during the third quarter. FMR LLC now owns 485,907 shares of the company's stock valued at $44,791,000 after purchasing an additional 145,767 shares during the period. Basswood Capital Management L.L.C. increased its position in shares of Mr. Cooper Group by 36.6% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company's stock valued at $45,744,000 after purchasing an additional 132,970 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Mr. Cooper Group by 11.1% during the third quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company's stock valued at $114,988,000 after purchasing an additional 125,055 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Mr. Cooper Group in the second quarter worth approximately $8,224,000. 89.82% of the stock is owned by institutional investors.

Mr. Cooper Group Price Performance

Mr. Cooper Group stock traded down $0.96 during trading hours on Monday, hitting $94.43. 390,800 shares of the stock traded hands, compared to its average volume of 511,267. The firm's 50 day moving average price is $95.97 and its 200-day moving average price is $91.39. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 12.20 and a beta of 1.43. Mr. Cooper Group Inc. has a 1 year low of $61.38 and a 1 year high of $103.05.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The company had revenue of $616.00 million for the quarter, compared to analyst estimates of $548.09 million. During the same period last year, the company earned $2.79 earnings per share. Mr. Cooper Group's quarterly revenue was up 32.8% compared to the same quarter last year. Research analysts forecast that Mr. Cooper Group Inc. will post 10.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on COOP. Compass Point increased their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Wedbush reissued an "outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Finally, Barclays lifted their price target on Mr. Cooper Group from $103.00 to $108.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $100.57.

Insider Activity

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total value of $2,927,400.00. Following the sale, the chief executive officer now owns 788,821 shares of the company's stock, valued at $76,973,153.18. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 90,000 shares of company stock worth $8,414,400 over the last ninety days. Corporate insiders own 2.33% of the company's stock.

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.