Centiva Capital LP Invests $335,000 in Mr. Cooper Group Inc. (NASDAQ:COOP)

Centiva Capital LP purchased a new position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,485 shares of the company's stock, valued at approximately $335,000.

A number of other institutional investors also recently made changes to their positions in the stock. Picton Mahoney Asset Management increased its stake in Mr. Cooper Group by 41.3% in the fourth 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. Williamson Legacy Group LLC increased its stake in Mr. Cooper Group by 1.1% in the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company's stock valued at $1,040,000 after purchasing an additional 118 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Mr. Cooper Group by 2.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock valued at $479,000 after purchasing an additional 128 shares during the last quarter. Dakota Wealth Management increased 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 valued at $2,659,000 after purchasing an additional 181 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Mr. Cooper Group by 5.6% in the fourth quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company's stock valued at $333,000 after purchasing an additional 184 shares during the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions 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 stock was sold at an average price of $112.24, for a total value of $3,367,200.00. Following the completion of the sale, the chief executive officer now owns 698,821 shares of the company's stock, valued at $78,435,669.04. This represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.73% of the company's stock.

Mr. Cooper Group Trading Down 3.7%

COOP stock opened at $114.57 on Monday. The stock has a 50-day moving average price of $112.79 and a two-hundred day moving average price of $104.27. Mr. Cooper Group Inc. has a 12-month low of $78.20 and a 12-month high of $137.60. The company has a market cap of $7.33 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its earnings results 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 return on equity of 14.76% and a net margin of 30.07%. The company had revenue of $560.00 million during the quarter, compared to the consensus estimate of $620.57 million. During the same quarter in the prior year, the business earned $2.73 earnings per share. The company's revenue was down .7% compared to the same quarter last year. Equities analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on COOP shares. JMP Securities reiterated 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 target price 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. 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 note on Friday, April 4th. Barclays upped their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods boosted their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $131.14.

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.

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