Boothbay Fund Management LLC Has $4.85 Million Stock Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Boothbay Fund Management LLC lifted its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 333.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 50,538 shares of the company’s stock after buying an additional 38,881 shares during the quarter. Boothbay Fund Management LLC’s holdings in Mr. Cooper Group were worth $4,852,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COOP. Barclays PLC raised its position in Mr. Cooper Group by 198.0% in the 3rd 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 during the last quarter. World Investment Advisors LLC bought a new position in Mr. Cooper Group during the 3rd quarter worth approximately $2,537,000. Tidal Investments LLC acquired a new stake in shares of Mr. Cooper Group during the third quarter worth about $2,459,000. Oliver Luxxe Assets LLC boosted its holdings in shares of Mr. Cooper Group by 5.8% in the fourth quarter. Oliver Luxxe Assets LLC now owns 41,535 shares of the company’s stock valued at $3,988,000 after buying an additional 2,259 shares during the period. Finally, Range Financial Group LLC bought a new position in Mr. Cooper Group during the 4th quarter worth about $1,091,000. 89.82% of the stock is owned by institutional investors.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Monday, March 3rd. The stock was 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 trade represents a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.33% of the company’s stock.

Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock opened at $116.72 on Friday. The business has a fifty day simple moving average of $111.25 and a two-hundred day simple moving average of $102.50. Mr. Cooper Group Inc. has a 1 year low of $76.85 and a 1 year high of $137.60. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 0.32 and a beta of 1.17.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.16. The company had revenue of $560.00 million for 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%. As a group, equities analysts anticipate that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Piper Sandler cut shares of Mr. Cooper Group from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $125.00 to $143.00 in a research note on Friday, April 4th. Barclays raised their price objective on Mr. Cooper Group from $130.00 to $147.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. Citizens Jmp cut Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 1st. JMP Securities reissued a “market outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a “market perform” rating in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.