Polymer Capital Management US LLC purchased a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,645 shares of the company's stock, valued at approximately $254,000.
Other hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Mr. Cooper Group by 9,175.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company's stock worth $472,000 after buying an additional 4,863 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Mr. Cooper Group during the fourth quarter worth about $1,603,000. World Investment Advisors LLC purchased a new stake in Mr. Cooper Group during the 3rd quarter valued at about $2,537,000. Spire Wealth Management acquired a new stake in Mr. Cooper Group in the 4th quarter valued at about $1,480,000. Finally, JPMorgan Chase & Co. lifted its stake in Mr. Cooper Group by 15.5% in the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock worth $61,846,000 after purchasing an additional 86,510 shares in the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.
Mr. Cooper Group Stock Performance
Shares of COOP traded up $1.44 during midday trading on Friday, hitting $110.00. 1,419,981 shares of the stock were exchanged, compared to its average volume of 559,549. Mr. Cooper Group Inc. has a 52-week low of $74.49 and a 52-week high of $137.60. The stock has a fifty day simple moving average of $110.06 and a 200 day simple moving average of $101.11. The firm has a market cap of $7.00 billion, a P/E ratio of 10.81, a P/E/G ratio of 0.32 and a beta of 1.17.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share 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%. As a group, equities research analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.
Analyst Ratings Changes
COOP has been the topic of a number of analyst reports. Barclays lifted their price objective 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. Keefe, Bruyette & Woods boosted their price target 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. UBS Group raised their price objective on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. 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. Finally, Piper Sandler cut shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price target for the company from $125.00 to $143.00 in a research note on Friday, April 4th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.78.
Get Our Latest Research Report on COOP
Insiders Place Their Bets
In other news, CEO Jesse K. Bray sold 30,000 shares of the 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 sale, the chief executive officer now directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. This trade represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.33% of the stock is owned by company insiders.
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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