Mr. Cooper Group Inc. (NASDAQ:COOP) Stock Holdings Decreased by Copia Wealth Management

Copia Wealth Management lowered its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 4.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,895 shares of the company’s stock after selling 150 shares during the period. Copia Wealth Management’s holdings in Mr. Cooper Group were worth $346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in shares of Mr. Cooper Group in the 4th quarter worth about $1,603,000. Jefferies Financial Group Inc. bought a new stake in shares of Mr. Cooper Group in the 4th quarter worth about $394,000. Park Avenue Securities LLC bought a new stake in shares of Mr. Cooper Group in the 1st quarter worth about $1,684,000. Assenagon Asset Management S.A. increased its position in shares of Mr. Cooper Group by 13.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company’s stock worth $126,438,000 after purchasing an additional 129,414 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Mr. Cooper Group by 15.5% in the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company’s stock worth $61,846,000 after purchasing an additional 86,510 shares during the last quarter. Institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Stock Up 0.9%

Mr. Cooper Group stock opened at $144.36 on Tuesday. The firm has a 50-day moving average price of $123.80 and a two-hundred day moving average price of $110.85. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 0.32 and a beta of 1.03. Mr. Cooper Group Inc. has a 52-week low of $78.20 and a 52-week high of $147.23.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on COOP shares. Citizens Jmp downgraded shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Barclays lifted their price target on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. UBS Group lifted their price target on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. Keefe, Bruyette & Woods lifted 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 report on Tuesday, April 8th. Finally, Piper Sandler lowered shares of Mr. Cooper Group from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $125.00 to $143.00 in a report on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $131.14.

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.