Sanctuary Advisors LLC Trims Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Sanctuary Advisors LLC trimmed its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 22.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,651 shares of the company's stock after selling 4,192 shares during the quarter. Sanctuary Advisors LLC's holdings in Mr. Cooper Group were worth $1,407,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Dakota Wealth Management lifted its holdings in shares of Mr. Cooper Group by 0.7% in the 4th quarter. Dakota Wealth Management now owns 27,695 shares of the company's stock worth $2,659,000 after acquiring an additional 181 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Mr. Cooper Group by 7.6% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,021 shares of the company's stock worth $278,000 after acquiring an additional 213 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Mr. Cooper Group by 38.8% in the 4th quarter. Blue Trust Inc. now owns 794 shares of the company's stock worth $76,000 after acquiring an additional 222 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in shares of Mr. Cooper Group by 152.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company's stock worth $41,000 after acquiring an additional 270 shares during the last quarter. Finally, Maverick Capital Ltd. lifted its holdings in shares of Mr. Cooper Group by 3.6% in the 3rd quarter. Maverick Capital Ltd. now owns 13,543 shares of the company's stock worth $1,248,000 after acquiring an additional 476 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on COOP. UBS Group boosted their price objective 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. Barclays upped their price target on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Citizens Jmp upgraded shares of Mr. Cooper Group to a "strong-buy" rating in a report on Tuesday, January 14th. JMP Securities reiterated a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the company a "market perform" rating in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $112.22.

Mr. Cooper Group Price Performance

Mr. Cooper Group stock traded up $0.88 during mid-day trading on Friday, reaching $112.37. 570,122 shares of the company traded hands, compared to its average volume of 526,975. The firm's 50 day moving average price is $102.29 and its 200 day moving average price is $96.65. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 0.32 and a beta of 1.43. Mr. Cooper Group Inc. has a 52-week low of $70.01 and a 52-week high of $112.99.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. On average, sell-side analysts anticipate that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

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 on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the transaction, the chief executive officer now directly owns 758,821 shares of the company's stock, valued at approximately $71,700,996.29. The trade was a 3.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.33% of the company's stock.

Mr. Cooper Group Profile

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.