Park Avenue Securities LLC Invests $1.68 Million in Mr. Cooper Group Inc. (NASDAQ:COOP)

Park Avenue Securities LLC acquired a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 14,079 shares of the company's stock, valued at approximately $1,684,000.

Several other hedge funds also recently modified their holdings of the stock. Norges Bank bought a new stake in Mr. Cooper Group during the 4th quarter valued at $72,984,000. 140 Summer Partners LP bought a new stake in Mr. Cooper Group during the 4th quarter valued at $69,959,000. Veridan Wealth LLC bought a new stake in shares of Mr. Cooper Group in the 4th quarter worth $56,244,000. Wellington Management Group LLP grew its stake in shares of Mr. Cooper Group by 43.1% in the 4th 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. Finally, Cercano Management LLC grew its stake in shares of Mr. Cooper Group by 66.5% in the 4th quarter. Cercano Management LLC now owns 790,753 shares of the company's stock worth $75,920,000 after acquiring an additional 315,801 shares in the last quarter. Institutional investors own 89.82% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Citizens Jmp lowered shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Piper Sandler downgraded shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their price target for the stock from $125.00 to $143.00 in a report on Friday, April 4th. Keefe, Bruyette & Woods boosted their price target on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a report on Tuesday, April 8th. Finally, Barclays upped their price objective 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Mr. Cooper Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.14.

Mr. Cooper Group Price Performance

NASDAQ COOP traded down $3.44 during trading on Friday, reaching $143.08. The company's stock had a trading volume of 529,606 shares, compared to its average volume of 645,545. The stock has a market capitalization of $9.15 billion, a PE ratio of 14.06, a P/E/G ratio of 0.32 and a beta of 1.03. The firm has a fifty day moving average of $123.25 and a 200 day moving average of $110.36. Mr. Cooper Group Inc. has a one year low of $78.20 and a one year high of $147.13.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share 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 return on equity of 14.76% and a net margin of 30.07%. The company's quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.73 EPS. Research analysts expect that Mr. Cooper Group Inc. will post 13.17 earnings per share 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.