LSV Asset Management Sells 11,300 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

LSV Asset Management trimmed its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 617,060 shares of the company's stock after selling 11,300 shares during the quarter. LSV Asset Management owned approximately 0.96% of Mr. Cooper Group worth $59,244,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in COOP. Picton Mahoney Asset Management grew its stake in Mr. Cooper Group by 41.3% in the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after purchasing an additional 95 shares during the period. Williamson Legacy Group LLC increased its stake in shares of Mr. Cooper Group by 1.1% in the 4th quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company's stock worth $1,040,000 after acquiring an additional 118 shares in the last quarter. Commonwealth Equity Services LLC lifted its position 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 acquiring an additional 128 shares during the period. Dakota Wealth Management boosted its stake in Mr. Cooper Group by 0.7% during the fourth quarter. Dakota Wealth Management now owns 27,695 shares of the company's stock worth $2,659,000 after acquiring an additional 181 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Mr. Cooper Group by 5.6% during the fourth quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company's stock worth $333,000 after acquiring an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.

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Mr. Cooper Group Price Performance

Mr. Cooper Group stock traded up $5.89 during midday trading on Monday, reaching $115.89. 959,784 shares of the company traded hands, compared to its average volume of 561,144. Mr. Cooper Group Inc. has a 12 month low of $74.49 and a 12 month high of $137.60. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. The business has a 50 day moving average of $110.06 and a two-hundred day moving average of $101.11.

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays boosted their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. UBS Group increased their target price 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. JMP Securities reaffirmed a "market outperform" rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Keefe, Bruyette & Woods increased their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research report on Tuesday, April 8th. Finally, Piper Sandler cut shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their target price for the stock from $125.00 to $143.00 in a 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $119.78.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total value of $3,367,200.00. Following the completion of the sale, the chief executive officer now directly owns 698,821 shares in the company, valued at $78,435,669.04. This represents a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company 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.