EAM Global Investors LLC Cuts Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

EAM Global Investors LLC reduced its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 30.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,561 shares of the company's stock after selling 15,792 shares during the quarter. EAM Global Investors LLC owned about 0.06% of Mr. Cooper Group worth $3,414,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management lifted its position in shares of Mr. Cooper Group by 41.3% in the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after buying an additional 95 shares during the last quarter. Williamson Legacy Group LLC raised its stake in Mr. Cooper Group by 1.1% during the 4th 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 grew its position in Mr. Cooper Group by 2.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock worth $479,000 after buying an additional 128 shares in the last quarter. Dakota Wealth Management raised its stake in shares of 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 in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Mr. Cooper Group by 5.6% in the 4th quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company's stock valued at $333,000 after buying an additional 184 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. JMP Securities reiterated a "market outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. UBS Group increased their target price on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Barclays raised their price target on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods increased 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 note on Tuesday, April 8th. Finally, 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. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $126.00.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the 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 sale, 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 filing with the SEC, which is available at the SEC website. 2.33% of the stock is owned by corporate insiders.

Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock traded down $3.36 during trading hours on Monday, hitting $107.85. 233,988 shares of the company's stock traded hands, compared to its average volume of 566,467. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 0.32 and a beta of 1.17. The company has a fifty day simple moving average of $110.76 and a 200-day simple moving average of $101.86. Mr. Cooper Group Inc. has a 12-month low of $76.85 and a 12-month high of $137.60.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. On average, analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

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.