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

Long Focus Capital Management LLC trimmed its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 53.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 30,000 shares of the company's stock after selling 35,000 shares during the period. Long Focus Capital Management LLC's holdings in Mr. Cooper Group were worth $2,880,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management raised 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 valued at $31,000 after buying an additional 95 shares during the period. Asset Planning Inc purchased a new position in shares of Mr. Cooper Group during the 4th quarter worth approximately $48,000. ORG Partners LLC acquired a new stake in Mr. Cooper Group in the 4th quarter valued at approximately $51,000. Covestor Ltd raised its position in Mr. Cooper Group by 418.9% in the fourth quarter. Covestor Ltd now owns 742 shares of the company's stock valued at $71,000 after purchasing an additional 599 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Mr. Cooper Group by 38.8% during the fourth quarter. Blue Trust Inc. now owns 794 shares of the company's stock worth $76,000 after buying an additional 222 shares during the period. Institutional investors and hedge funds own 89.82% of the company's stock.

Mr. Cooper Group Trading Up 4.5 %

Shares of COOP stock opened at $112.07 on Wednesday. Mr. Cooper Group Inc. has a 12 month low of $76.85 and a 12 month high of $137.60. The company has a market cap of $7.17 billion, a P/E ratio of 11.01, a PEG ratio of 0.32 and a beta of 1.17. The firm has a fifty day moving average price of $110.84 and a 200 day moving average price of $102.04.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released 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%. On average, equities analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the 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. This trade represents a 4.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.33% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on COOP. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. JMP Securities reaffirmed 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 target on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods upped their price objective on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. Finally, Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their target price for the company from $125.00 to $143.00 in a report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $126.00.

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.

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