Aristeia Capital L.L.C. Invests $348,000 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 fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,620 shares of the company's stock, valued at approximately $348,000.

A number of other large investors have also recently made changes to their positions in COOP. MassMutual Private Wealth & Trust FSB increased its holdings in Mr. Cooper Group by 9,175.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company's stock valued at $472,000 after acquiring an additional 4,863 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Mr. Cooper Group in the 4th quarter valued at $1,603,000. JPMorgan Chase & Co. grew its position in Mr. Cooper Group by 15.5% in the fourth quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock valued at $61,846,000 after acquiring an additional 86,510 shares in the last quarter. Spire Wealth Management acquired a new position in shares of Mr. Cooper Group in the fourth quarter worth about $1,480,000. Finally, Range Financial Group LLC purchased a new position in shares of Mr. Cooper Group during the 4th quarter valued at approximately $1,091,000. 89.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm'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 transaction, the chief executive officer now directly owns 698,821 shares of the company's stock, valued at $78,435,669.04. This trade represents 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 available at this link. Insiders own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on COOP shares. UBS Group increased their price target on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and raised their price objective for the stock from $125.00 to $143.00 in a research note on Friday, April 4th. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. JMP Securities reiterated a "market outperform" rating and set a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Finally, Barclays raised their price target on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.14.

Mr. Cooper Group Stock Performance

NASDAQ:COOP traded up $0.95 during mid-day trading on Wednesday, hitting $118.02. The stock had a trading volume of 961,486 shares, compared to its average volume of 577,018. Mr. Cooper Group Inc. has a twelve month low of $78.20 and a twelve month high of $137.60. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 0.32 and a beta of 1.06. The company's 50 day simple moving average is $112.39 and its 200 day simple moving average is $103.60.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.81 by $0.16. The business had revenue of $560.00 million for the quarter, compared to analysts' expectations 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 firm posted $2.73 earnings per share. As a group, equities analysts forecast that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

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.