EMG Holdings L.P. raised its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 11.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,512 shares of the company's stock after acquiring an additional 9,270 shares during the quarter. Mr. Cooper Group makes up 5.0% of EMG Holdings L.P.'s holdings, making the stock its 2nd largest holding. EMG Holdings L.P. owned about 0.14% of Mr. Cooper Group worth $8,402,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of COOP. National Bank of Canada FI bought a new position in Mr. Cooper Group in the 4th quarter worth about $78,000. Wellington Management Group LLP boosted its holdings in shares of Mr. Cooper Group by 43.1% in the fourth quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock valued at $109,346,000 after purchasing an additional 343,243 shares during the period. Pictet Asset Management Holding SA grew its stake in Mr. Cooper Group by 6.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 10,287 shares of the company's stock worth $988,000 after purchasing an additional 648 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Mr. Cooper Group during the 4th quarter worth $926,000. Finally, Norges Bank bought a new stake in Mr. Cooper Group during the 4th quarter valued at $72,984,000. Hedge funds and other institutional investors own 89.82% of the company's stock.
Insider Buying and Selling at Mr. Cooper Group
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, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the sale, the chief executive officer now owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.33% of the stock is currently owned by company insiders.
Mr. Cooper Group Stock Performance
NASDAQ:COOP traded up $1.11 during midday trading on Friday, reaching $134.21. 2,713,854 shares of the stock traded hands, compared to its average volume of 531,353. The stock has a market capitalization of $8.54 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a 12-month low of $74.49 and a 12-month high of $137.60. The business has a 50-day moving average of $108.62 and a two-hundred day moving average of $99.90.
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, beating 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 anticipate that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on COOP shares. Keefe, Bruyette & Woods increased their price target on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a "market perform" rating in a research report on Thursday, February 13th. UBS Group increased their target price on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Citizens Jmp lowered shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Piper Sandler downgraded shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price objective for the company from $125.00 to $143.00 in a research note on Friday. Finally, JMP Securities reissued a "market outperform" rating and set a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.78.
View Our Latest Research Report on Mr. Cooper Group
About Mr. Cooper Group
(
Free Report)
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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