Caxton Associates LP reduced its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 63.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,535 shares of the company's stock after selling 31,631 shares during the quarter. Caxton Associates LP's holdings in Mr. Cooper Group were worth $1,780,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of COOP. Picton Mahoney Asset Management raised its position in Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after purchasing an additional 95 shares during the last quarter. Asset Planning Inc acquired a new position in Mr. Cooper Group during the 4th quarter worth about $48,000. ORG Partners LLC acquired a new position in Mr. Cooper Group during the 4th quarter worth about $51,000. Kapitalo Investimentos Ltda bought a new stake in Mr. Cooper Group during the 4th quarter worth about $70,000. Finally, Covestor Ltd increased its position in Mr. Cooper Group by 418.9% in the 4th quarter. Covestor Ltd now owns 742 shares of the company's stock valued at $71,000 after acquiring an additional 599 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company's stock.
Analyst Ratings Changes
Several research firms have recently commented on COOP. Citizens Jmp cut shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. JMP Securities reissued a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, February 13th. UBS Group upped their price target on Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods lifted their price objective on 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, Barclays upped their target price on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Mr. Cooper Group has an average rating of "Moderate Buy" and an average target price of $131.14.
Read Our Latest Analysis on Mr. Cooper Group
Insider Buying and Selling at Mr. Cooper Group
In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total value of $3,367,200.00. Following the sale, the chief executive officer now owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. This trade represents a 4.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.73% of the company's stock.
Mr. Cooper Group Stock Performance
NASDAQ COOP traded down $4.42 during trading hours on Friday, reaching $114.57. 1,090,781 shares of the company's stock were exchanged, compared to its average volume of 584,185. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06. The company's 50-day moving average is $112.79 and its two-hundred day moving average is $104.17. Mr. Cooper Group Inc. has a one year low of $78.20 and a one year high of $137.60.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, topping analysts' consensus estimates of $2.81 by $0.16. The business had revenue of $560.00 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business posted $2.73 earnings per share. Research analysts predict that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.
About Mr. Cooper Group
(
Free Report)
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.
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