Rhumbline Advisers Sells 6,935 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Rhumbline Advisers lowered its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 3.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 183,875 shares of the company’s stock after selling 6,935 shares during the period. Rhumbline Advisers’ holdings in Mr. Cooper Group were worth $21,991,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Picton Mahoney Asset Management lifted its stake in Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock valued at $31,000 after acquiring an additional 95 shares during the period. Penbrook Management LLC lifted its stake in Mr. Cooper Group by 0.6% during the 1st quarter. Penbrook Management LLC now owns 15,825 shares of the company’s stock valued at $1,893,000 after acquiring an additional 100 shares during the period. Williamson Legacy Group LLC increased its position in shares of Mr. Cooper Group by 1.1% during the 4th quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company’s stock valued at $1,040,000 after purchasing an additional 118 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Mr. Cooper Group by 2.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company’s stock valued at $479,000 after purchasing an additional 128 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Mr. Cooper Group by 5.6% during the 4th quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company’s stock valued at $333,000 after purchasing an additional 184 shares during the last quarter. Institutional investors own 89.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods upped 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 upped their price target on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, April 16th. Barclays upped their price target on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. Piper Sandler lowered shares of Mr. Cooper Group from an “overweight” rating to a “neutral” rating and upped their price target for the company from $125.00 to $143.00 in a research report on Friday, April 4th. Finally, JMP Securities reissued a “market outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $131.14.

Mr. Cooper Group Stock Down 0.6%

COOP stock opened at $131.28 on Friday. The business’s fifty day simple moving average is $122.18 and its two-hundred day simple moving average is $108.94. Mr. Cooper Group Inc. has a twelve month low of $78.20 and a twelve month high of $139.23. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 0.32 and a beta of 1.06.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The business had revenue of $560.00 million for the quarter, compared to analyst estimates of $620.57 million. During the same quarter in the previous year, the firm earned $2.73 earnings per share. The company’s revenue was down .7% on a year-over-year basis. Research analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Mr. Cooper Group Company 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.