Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,128,164 shares of the company's stock after selling 130,588 shares during the period. Dimensional Fund Advisors LP owned 3.33% of Mr. Cooper Group worth $204,321,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management raised its position in shares of Mr. Cooper Group by 41.3% during the 4th 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 last quarter. Asset Planning Inc purchased a new position in Mr. Cooper Group during the fourth quarter worth $48,000. ORG Partners LLC acquired a new position in shares of Mr. Cooper Group in the fourth quarter worth $51,000. Covestor Ltd lifted its position in shares of 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 acquiring an additional 599 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake 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 valued at $76,000 after acquiring an additional 222 shares during the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Mr. Cooper Group Stock Performance

COOP traded up $0.29 on Friday, reaching $116.72. 400,482 shares of the company's stock were exchanged, compared to its average volume of 569,519. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a twelve month low of $76.85 and a twelve month high of $137.60. The company's 50 day moving average is $111.25 and its 200-day moving average is $102.45.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, beating analysts' consensus estimates of $2.81 by $0.16. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. The business had revenue of $560.00 million for the quarter, compared to the consensus estimate of $620.57 million. Sell-side analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on COOP. Keefe, Bruyette & Woods upped their target price on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a report on Tuesday, April 8th. Barclays upped 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. JMP Securities reaffirmed a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price target for the stock from $125.00 to $143.00 in a research note on Friday, April 4th. Finally, Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Mr. Cooper Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.00.

Insiders Place Their Bets

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.33% of the stock is currently owned by insiders.

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.