Mr. Cooper Group Inc. (NASDAQ:COOP) Holdings Lowered by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC reduced its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 2.9% in the 4th quarter, Holdings Channel reports. The fund owned 77,867 shares of the company’s stock after selling 2,302 shares during the period. Mr. Cooper Group makes up about 1.4% of Moody Aldrich Partners LLC’s portfolio, making the stock its 14th biggest position. Moody Aldrich Partners LLC’s holdings in Mr. Cooper Group were worth $7,476,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of COOP. Quarry LP acquired a new position in shares of Mr. Cooper Group during the 2nd quarter valued at about $29,000. Financial Management Professionals Inc. acquired a new position in shares of Mr. Cooper Group during the 3rd quarter valued at about $30,000. Harvest Fund Management Co. Ltd increased its holdings in shares of Mr. Cooper Group by 152.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after acquiring an additional 270 shares during the last quarter. ORG Partners LLC acquired a new stake in Mr. Cooper Group in the 4th quarter valued at approximately $51,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in Mr. Cooper Group in the 3rd quarter valued at approximately $52,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

Mr. Cooper Group Trading Down 1.2 %

Shares of NASDAQ:COOP opened at $105.86 on Wednesday. Mr. Cooper Group Inc. has a 1-year low of $65.54 and a 1-year high of $107.65. The firm has a market capitalization of $6.77 billion, a PE ratio of 13.68, a PEG ratio of 0.30 and a beta of 1.43. The business’s 50 day moving average is $97.41 and its 200-day moving average is $93.55.

Analysts Set New Price Targets

A number of analysts have issued reports on COOP shares. JMP Securities started coverage on Mr. Cooper Group in a report on Tuesday, January 14th. They issued an “outperform” rating and a $115.00 target price on the stock. Wedbush reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, October 24th. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. Barclays raised their target price on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Compass Point lifted their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $104.13.

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the completion of the transaction, the chief executive officer now owns 788,821 shares in the company, valued at $76,973,153.18. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 90,000 shares of company stock worth $8,414,400 in the last 90 days. 2.33% of the stock is owned by company insiders.

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.