AQR Capital Management LLC Sells 4,902 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

AQR Capital Management LLC reduced its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,447 shares of the company's stock after selling 4,902 shares during the quarter. AQR Capital Management LLC owned about 0.11% of Mr. Cooper Group worth $6,860,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC increased its position in Mr. Cooper Group by 198.0% during 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 period. ORG Partners LLC purchased a new position in shares of Mr. Cooper Group during the fourth quarter valued at about $51,000. MassMutual Private Wealth & Trust FSB raised its stake in Mr. Cooper Group by 9,175.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company's stock worth $472,000 after buying an additional 4,863 shares in the last quarter. Dakota Wealth Management raised its stake in Mr. Cooper Group by 0.7% in the fourth quarter. Dakota Wealth Management now owns 27,695 shares of the company's stock worth $2,659,000 after buying an additional 181 shares in the last quarter. Finally, CX Institutional lifted its holdings in Mr. Cooper Group by 3.7% in the fourth quarter. CX Institutional now owns 16,211 shares of the company's stock worth $1,556,000 after buying an additional 579 shares during the period. 89.82% of the stock is owned by hedge funds and other institutional investors.

Mr. Cooper Group Price Performance

Shares of COOP traded down $4.42 during trading hours on Friday, hitting $114.57. The stock had a trading volume of 1,090,781 shares, compared to its average volume of 584,185. Mr. Cooper Group Inc. has a 12 month low of $78.20 and a 12 month high of $137.60. The stock has a fifty day moving average price of $112.79 and a 200 day moving average price of $104.17. The firm has a market capitalization of $7.33 billion, a PE ratio of 11.25, a PEG ratio of 0.32 and a beta of 1.06.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.16. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. The firm had revenue of $560.00 million for the quarter, compared to analysts' expectations of $620.57 million. During the same quarter in the prior year, the business earned $2.73 EPS. The business's quarterly revenue was down .7% on a year-over-year basis. As a group, analysts anticipate that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction 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 transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.73% of the company's stock.

Analyst Upgrades and Downgrades

COOP has been the subject of a number of research reports. Piper Sandler downgraded Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price objective for the stock from $125.00 to $143.00 in a report on Friday, April 4th. Barclays boosted their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. UBS Group raised their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. JMP Securities reissued a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th. Finally, Citizens Jmp downgraded Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus 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.