Kennedy Capital Management LLC Sells 8,516 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Kennedy Capital Management LLC cut its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 5.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 150,207 shares of the company's stock after selling 8,516 shares during the period. Kennedy Capital Management LLC owned 0.23% of Mr. Cooper Group worth $14,421,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Picton Mahoney Asset Management boosted its holdings in Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after acquiring an additional 95 shares during the period. Williamson Legacy Group LLC boosted its stake in shares of Mr. Cooper Group by 1.1% in the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company's stock valued at $1,040,000 after purchasing an additional 118 shares during the period. Commonwealth Equity Services LLC grew its holdings in Mr. Cooper Group by 2.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock valued at $479,000 after purchasing an additional 128 shares in the last quarter. Dakota Wealth Management lifted its holdings in Mr. Cooper Group by 0.7% in the 4th quarter. Dakota Wealth Management now owns 27,695 shares of the company's stock worth $2,659,000 after buying an additional 181 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Mr. Cooper Group by 5.6% in the 4th quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company's stock valued at $333,000 after buying an additional 184 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

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Mr. Cooper Group Stock Up 5.4 %

COOP stock traded up $5.89 during midday trading on Monday, reaching $115.89. The company had a trading volume of 959,782 shares, compared to its average volume of 561,144. The stock has a 50 day moving average price of $110.06 and a 200 day moving average price of $101.11. The firm has a market capitalization of $7.37 billion, a PE ratio of 11.38, a P/E/G ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a fifty-two week low of $74.49 and a fifty-two week high of $137.60.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. UBS Group boosted their price target 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. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods lifted 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. Barclays increased their price objective on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Finally, Piper Sandler downgraded shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their target price for the stock from $125.00 to $143.00 in a research report on Friday, April 4th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $119.78.

Insiders Place Their Bets

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.33% of the company's stock.

About Mr. Cooper Group

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.