Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by EAM Global Investors LLC

EAM Global Investors LLC lessened its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 30.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,561 shares of the company’s stock after selling 15,792 shares during the quarter. EAM Global Investors LLC’s holdings in Mr. Cooper Group were worth $3,414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Mr. Cooper Group during the 4th quarter worth approximately $72,984,000. Veridan Wealth LLC purchased a new stake in shares of Mr. Cooper Group during the fourth quarter valued at approximately $56,244,000. Wellington Management Group LLP lifted its position in shares of Mr. Cooper Group by 43.1% during the fourth quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company’s stock worth $109,346,000 after purchasing an additional 343,243 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Mr. Cooper Group in the fourth quarter valued at $9,795,000. Finally, Invesco Ltd. grew its holdings in Mr. Cooper Group by 5.2% during the 4th quarter. Invesco Ltd. now owns 1,800,369 shares of the company’s stock valued at $172,853,000 after purchasing an additional 89,544 shares in the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Trading Down 1.3 %

Shares of NASDAQ COOP opened at $114.39 on Wednesday. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a twelve month low of $74.49 and a twelve month high of $137.60. The business has a 50 day simple moving average of $110.46 and a 200-day simple moving average of $101.37.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. As a group, equities analysts predict that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Analysts Set New Price Targets

COOP has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a “market perform” rating in a report on Tuesday, April 8th. JMP Securities reissued a “market outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, February 13th. Citizens Jmp lowered Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 1st. Piper Sandler lowered 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. Finally, UBS Group raised their price target on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.78.

Insider Activity at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the transaction, the chief executive officer now owns 698,821 shares in the company, valued at approximately $78,435,669.04. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.33% of the company’s stock.

Mr. Cooper Group 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.