Caxton Associates LP Sells 31,631 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Caxton Associates LP decreased its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 63.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 18,535 shares of the company’s stock after selling 31,631 shares during the period. Caxton Associates LP’s holdings in Mr. Cooper Group were worth $1,780,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Picton Mahoney Asset Management boosted its holdings in shares of Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock worth $31,000 after acquiring an additional 95 shares during the period. Asset Planning Inc acquired a new stake in Mr. Cooper Group during the 4th quarter worth approximately $48,000. ORG Partners LLC bought a new stake in Mr. Cooper Group in the 4th quarter valued at $51,000. Kapitalo Investimentos Ltda acquired a new position in Mr. Cooper Group in the 4th quarter valued at $70,000. Finally, Covestor Ltd increased its position in Mr. Cooper Group by 418.9% during the 4th quarter. Covestor Ltd now owns 742 shares of the company’s stock worth $71,000 after buying an additional 599 shares during the period. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock opened at $117.54 on Tuesday. The stock has a fifty day moving average of $112.28 and a 200-day moving average of $103.51. The stock has a market capitalization of $7.52 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06. Mr. Cooper Group Inc. has a 52 week low of $78.20 and a 52 week high of $137.60.

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

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on COOP shares. 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 note on Wednesday, April 16th. JMP Securities reaffirmed a “market outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th. Barclays boosted their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price objective on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 8th. Finally, Piper Sandler downgraded Mr. Cooper Group from an “overweight” rating to a “neutral” rating and upped their target price for the company from $125.00 to $143.00 in a research report on Friday, April 4th. 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, Mr. Cooper Group presently has an average 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.