Mr. Cooper Group Inc. (NASDAQ:COOP) Holdings Increased by CX Institutional

CX Institutional increased its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,211 shares of the company’s stock after acquiring an additional 579 shares during the period. CX Institutional’s holdings in Mr. Cooper Group were worth $1,556,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Financial Management Professionals Inc. bought a new position in Mr. Cooper Group during the 3rd quarter valued at $30,000. Quarry LP acquired a new stake in shares of Mr. Cooper Group in the second quarter valued at $29,000. Harvest Fund Management Co. Ltd boosted its stake in Mr. Cooper Group by 152.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after buying an additional 270 shares in the last quarter. ORG Partners LLC acquired a new position in Mr. Cooper Group during the fourth quarter worth about $51,000. Finally, Harbor Capital Advisors Inc. acquired a new position in Mr. Cooper Group during the third quarter worth about $52,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

Analysts Set New Price Targets

COOP has been the subject of several research reports. JMP Securities started coverage on shares of Mr. Cooper Group in a research report on Tuesday, January 14th. They set an “outperform” rating and a $115.00 price objective for the company. Barclays upped their price target on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. 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 research report on Wednesday. Finally, Wedbush reiterated an “outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.13.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the completion of the sale, the chief executive officer now owns 788,821 shares of the company’s stock, valued at $76,973,153.18. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 90,000 shares of company stock valued at $8,414,400. Corporate insiders own 2.33% of the company’s stock.

Mr. Cooper Group Trading Up 1.2 %

NASDAQ:COOP opened at $104.12 on Friday. The business’s fifty day moving average price is $97.05 and its 200 day moving average price is $93.06. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 0.30 and a beta of 1.43. Mr. Cooper Group Inc. has a 1-year low of $64.52 and a 1-year high of $105.00.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.30. The company had revenue of $616.00 million for the quarter, compared to the consensus estimate of $548.09 million. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The firm’s quarterly revenue was up 32.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.79 EPS. Equities analysts forecast that Mr. Cooper Group Inc. will post 10.18 earnings per share for the current year.

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.