Copia Wealth Management Makes New Investment in Mr. Cooper Group Inc. (NASDAQ:COOP)

Copia Wealth Management purchased a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,045 shares of the company's stock, valued at approximately $292,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Picton Mahoney Asset Management increased its stake in Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after buying an additional 95 shares in the last quarter. Williamson Legacy Group LLC boosted its holdings in shares of Mr. Cooper Group by 1.1% during the 4th quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company's stock worth $1,040,000 after purchasing an additional 118 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Mr. Cooper Group by 2.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock worth $479,000 after purchasing an additional 128 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Mr. Cooper Group by 5.6% during the 4th quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company's stock worth $333,000 after purchasing an additional 184 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of 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 purchasing an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.

Analyst Upgrades and Downgrades

COOP has been the topic of several recent research reports. UBS Group boosted their target price on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. JMP Securities reiterated a "market outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Barclays upped their price objective on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods upped their price objective on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a report on Tuesday, April 8th. Finally, Piper Sandler cut Mr. Cooper Group from an "overweight" rating to a "neutral" rating and upped their price objective for the company from $125.00 to $143.00 in a report on Friday, April 4th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $131.14.

Mr. Cooper Group Stock Down 2.6%

NASDAQ:COOP traded down $3.39 during trading hours on Friday, reaching $129.34. 675,013 shares of the stock were exchanged, compared to its average volume of 619,800. The business has a 50-day moving average of $120.39 and a two-hundred day moving average of $107.93. Mr. Cooper Group Inc. has a twelve month low of $78.20 and a twelve month high of $138.35. The company has a market capitalization of $8.28 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 0.32 and a beta of 1.06.

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

Insider Transactions 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 value of $3,367,200.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.73% of the company's stock.

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.