Sei Investments Co. Sells 6,086 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Sei Investments Co. trimmed its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 12.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 44,807 shares of the company's stock after selling 6,086 shares during the quarter. Sei Investments Co. owned about 0.07% of Mr. Cooper Group worth $4,302,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Picton Mahoney Asset Management increased its position in shares of Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after acquiring an additional 95 shares in the last quarter. Asset Planning Inc purchased a new stake in Mr. Cooper Group during the 4th quarter valued at $48,000. ORG Partners LLC bought a new stake in shares of Mr. Cooper Group in the 4th quarter worth $51,000. Blue Trust Inc. raised its stake in shares of Mr. Cooper Group by 38.8% in the fourth quarter. Blue Trust Inc. now owns 794 shares of the company's stock worth $76,000 after purchasing an additional 222 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Mr. Cooper Group during the third quarter valued at $201,000. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Trading Down 3.8 %

Mr. Cooper Group stock traded down $5.12 during trading on Monday, reaching $129.09. The company had a trading volume of 2,372,901 shares, compared to its average volume of 538,407. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. The firm's 50-day simple moving average is $109.06 and its 200 day simple moving average is $100.24. Mr. Cooper Group Inc. has a 52 week low of $74.49 and a 52 week high of $137.60.

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Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted 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%. On average, analysts predict that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 698,821 shares of the company's stock, valued at $78,435,669.04. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citizens Jmp downgraded Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods boosted their price objective 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. JMP Securities restated a "market outperform" rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Barclays lifted their target price on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Finally, Piper Sandler cut 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 report on Friday. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $114.78.

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.