Integrated Advisors Network LLC Takes Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Integrated Advisors Network LLC purchased a new position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,353 shares of the company's stock, valued at approximately $322,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Picton Mahoney Asset Management increased its holdings in shares of Mr. Cooper Group by 41.3% during 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 period. Asset Planning Inc acquired a new position in shares of Mr. Cooper Group in the 4th quarter valued at $48,000. Kapitalo Investimentos Ltda acquired a new stake in Mr. Cooper Group during the 4th quarter worth about $70,000. Covestor Ltd boosted its position in Mr. Cooper Group by 418.9% during the 4th quarter. Covestor Ltd now owns 742 shares of the company's stock worth $71,000 after acquiring an additional 599 shares during the period. Finally, Blue Trust Inc. boosted its position in Mr. Cooper Group by 38.8% during the 4th quarter. Blue Trust Inc. now owns 794 shares of the company's stock worth $76,000 after acquiring an additional 222 shares during the period. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on COOP. Keefe, Bruyette & Woods raised their price objective on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research note on Tuesday, April 8th. UBS Group lifted their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Barclays lifted their price objective on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their price target for the company from $125.00 to $143.00 in a research note on Friday, April 4th. Finally, Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $131.14.

Mr. Cooper Group Trading Down 2.6%

NASDAQ COOP traded down $3.39 during midday trading on Friday, hitting $129.34. The company had a trading volume of 675,013 shares, compared to its average volume of 618,993. Mr. Cooper Group Inc. has a twelve month low of $78.20 and a twelve month high of $138.35. The firm has a 50-day moving average price of $120.39 and a 200-day moving average price of $107.78. The company has a market capitalization of $8.28 billion, a PE ratio of 12.71, a P/E/G ratio of 0.32 and a beta of 1.06.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data 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%. Mr. Cooper Group's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.73 EPS. On average, equities analysts anticipate that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Insider Activity

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. The trade was a 4.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.73% of the stock is owned by company insiders.

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.