Teacher Retirement System of Texas Sells 6,476 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Teacher Retirement System of Texas lessened its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,725 shares of the company's stock after selling 6,476 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of Mr. Cooper Group worth $3,910,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of COOP. Veridan Wealth LLC bought a new stake in shares of Mr. Cooper Group during the fourth quarter valued at approximately $56,244,000. FMR LLC boosted its position in Mr. Cooper Group by 42.9% during the 3rd quarter. FMR LLC now owns 485,907 shares of the company's stock worth $44,791,000 after acquiring an additional 145,767 shares during the period. Basswood Capital Management L.L.C. grew its stake in shares of Mr. Cooper Group by 36.6% in the third quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company's stock worth $45,744,000 after purchasing an additional 132,970 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Mr. Cooper Group during the fourth quarter valued at $9,795,000. Finally, Barclays PLC raised its stake in shares of Mr. Cooper Group by 198.0% during the third quarter. Barclays PLC now owns 132,017 shares of the company's stock valued at $12,170,000 after purchasing an additional 87,712 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Stock Performance

COOP traded down $2.56 during trading on Friday, reaching $104.49. The company had a trading volume of 436,412 shares, compared to its average volume of 467,881. The firm's 50-day simple moving average is $106.02 and its 200 day simple moving average is $98.45. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 0.32 and a beta of 1.49. Mr. Cooper Group Inc. has a 12-month low of $74.49 and a 12-month high of $114.05.

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Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly 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%. On average, sell-side analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the company a "market perform" rating in a research report on Thursday, February 13th. Piper Sandler boosted their target price on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Barclays increased their price target on Mr. Cooper Group from $111.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. JMP Securities reiterated a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Finally, UBS Group lifted their target price on Mr. Cooper Group from $122.00 to $135.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Mr. Cooper Group presently has an average rating of "Moderate Buy" and an average price target of $112.22.

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 30,000 shares of the company'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 represents a 4.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.33% of the stock is currently owned by corporate insiders.

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.