Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 38.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,101 shares of the company's stock after selling 12,491 shares during the period. Los Angeles Capital Management LLC's holdings in Mr. Cooper Group were worth $1,930,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in Mr. Cooper Group by 42.9% in the third quarter. FMR LLC now owns 485,907 shares of the company's stock valued at $44,791,000 after buying an additional 145,767 shares in the last quarter. Basswood Capital Management L.L.C. increased its holdings in shares of Mr. Cooper Group by 36.6% in 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 acquiring an additional 132,970 shares during the last quarter. Barclays PLC increased its holdings in shares of Mr. Cooper Group by 198.0% in the 3rd quarter. Barclays PLC now owns 132,017 shares of the company's stock valued at $12,170,000 after acquiring an additional 87,712 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Mr. Cooper Group by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company's stock worth $84,471,000 after acquiring an additional 52,001 shares in the last quarter. Finally, State Street Corp lifted its stake in Mr. Cooper Group by 1.9% during the third quarter. State Street Corp now owns 2,726,946 shares of the company's stock worth $251,370,000 after purchasing an additional 51,667 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on COOP. Citizens Jmp upgraded shares of Mr. Cooper Group to a "strong-buy" rating in a research note on Tuesday, January 14th. UBS Group raised their price objective on Mr. Cooper Group from $122.00 to $135.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. JMP Securities reissued a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th. Barclays raised their price target on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Finally, Piper Sandler increased their price objective on Mr. Cooper Group from $113.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $112.22.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total value 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 $71,700,996.29. This trade represents a 3.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.33% of the stock is owned by corporate insiders.

Mr. Cooper Group Trading Down 0.9 %

Shares of Mr. Cooper Group stock traded down $1.00 during trading hours on Tuesday, hitting $109.98. 517,001 shares of the company were exchanged, compared to its average volume of 532,979. Mr. Cooper Group Inc. has a 1 year low of $70.51 and a 1 year high of $114.05. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 0.32 and a beta of 1.43. The business has a 50-day moving average of $102.64 and a 200-day moving average of $96.93.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings results 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 net margin of 30.07% and a return on equity of 14.76%. As a group, research analysts anticipate that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

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.