Bailard Inc. Sells 1,900 Shares of Mr. Cooper Group Inc (NASDAQ:COOP)

Bailard Inc. trimmed its holdings in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 23.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,300 shares of the company's stock after selling 1,900 shares during the period. Bailard Inc.'s holdings in Mr. Cooper Group were worth $753,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COOP. KLP Kapitalforvaltning AS bought a new stake in shares of Mr. Cooper Group in the fourth quarter worth $1,603,000. Park Avenue Securities LLC bought a new stake in Mr. Cooper Group during the first quarter valued at $1,684,000. Assenagon Asset Management S.A. increased its stake in Mr. Cooper Group by 13.9% during the first quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company's stock valued at $126,438,000 after purchasing an additional 129,414 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in Mr. Cooper Group during the fourth quarter valued at $394,000. Finally, Arcus Capital Partners LLC bought a new stake in Mr. Cooper Group during the first quarter valued at $221,000. 89.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Barclays upped their price objective on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Piper Sandler upped their price objective on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Citizens Jmp downgraded shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods upped 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 report on Tuesday, April 8th. Finally, UBS Group reissued a "neutral" rating and issued a $156.00 price target on shares of Mr. Cooper Group in a report on Tuesday, July 15th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $136.14.

Mr. Cooper Group Price Performance

Shares of NASDAQ:COOP traded up $2.23 during midday trading on Friday, reaching $150.43. The company's stock had a trading volume of 769,884 shares, compared to its average volume of 733,461. Mr. Cooper Group Inc has a fifty-two week low of $80.35 and a fifty-two week high of $158.00. The company has a market capitalization of $9.63 billion, a P/E ratio of 17.09, a P/E/G ratio of 0.44 and a beta of 1.05. The business's fifty day simple moving average is $140.07 and its 200-day simple moving average is $119.56.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.16. The company had revenue of $560.00 million during the quarter, compared to analyst estimates of $620.57 million. Mr. Cooper Group had a return on equity of 15.27% and a net margin of 25.93%. The company's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.73 EPS. On average, analysts forecast that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $152.14, for a total value of $4,564,200.00. Following the sale, the chief executive officer directly owned 693,187 shares of the company's stock, valued at $105,461,470.18. This trade represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.73% of the stock is currently owned by corporate 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.