Aristeia Capital L.L.C. Acquires New Shares in Mr. Cooper Group Inc. (NASDAQ:COOP)

Aristeia Capital L.L.C. purchased a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,620 shares of the company's stock, valued at approximately $348,000.

Other large investors also recently made changes to their positions in the company. Invesco Ltd. increased its position in shares of Mr. Cooper Group by 5.2% during the 4th quarter. Invesco Ltd. now owns 1,800,369 shares of the company's stock worth $172,853,000 after purchasing an additional 89,544 shares during the last quarter. Wellington Management Group LLP raised its position in 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 acquiring an additional 343,243 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Mr. Cooper Group by 16.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock valued at $83,712,000 after acquiring an additional 125,897 shares during the last quarter. Northern Trust Corp grew its position in shares of Mr. Cooper Group by 6.8% in the 4th quarter. Northern Trust Corp now owns 835,369 shares of the company's stock valued at $80,204,000 after acquiring an additional 53,534 shares during the period. Finally, Norges Bank acquired a new position in shares of Mr. Cooper Group during the 4th quarter worth about $72,984,000. Institutional investors own 89.82% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on COOP. UBS Group lifted their price target on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Barclays lifted their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods lifted 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 research report on Tuesday, April 8th. Finally, Piper Sandler lowered shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price objective 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $131.14.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group 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 completion of the transaction, the chief executive officer now owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.73% of the stock is currently owned by insiders.

Mr. Cooper Group Stock Down 2.0 %

Shares of NASDAQ:COOP traded down $2.38 during midday trading on Friday, hitting $116.61. The stock had a trading volume of 671,943 shares, compared to its average volume of 850,207. The company's 50-day moving average price is $112.67 and its 200-day moving average price is $103.89. Mr. Cooper Group Inc. has a fifty-two week low of $78.20 and a fifty-two week high of $137.60. The company has a market capitalization of $7.46 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.81 by $0.16. The business had revenue of $560.00 million during 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 company's revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $2.73 earnings per share. Research analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

About Mr. Cooper Group

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.