MR. COOPER GROUP INC (NASDAQ:COOP) Position Reduced by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. lessened its position in shares of MR. COOPER GROUP INC (NASDAQ:COOP - Free Report) by 25.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,449,227 shares of the company's stock after selling 492,949 shares during the period. Diamond Hill Capital Management Inc. owned about 2.26% of MR. COOPER GROUP worth $173,328,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of COOP. First Horizon Advisors Inc. acquired a new position in shares of MR. COOPER GROUP during the first quarter worth $26,000. Allworth Financial LP raised its stake in MR. COOPER GROUP by 24.5% in the first quarter. Allworth Financial LP now owns 442 shares of the company's stock valued at $51,000 after buying an additional 87 shares in the last quarter. USA Financial Formulas acquired a new stake in MR. COOPER GROUP in the first quarter valued at $55,000. Kapitalo Investimentos Ltda acquired a new stake in MR. COOPER GROUP in the fourth quarter valued at $70,000. Finally, Covestor Ltd raised its stake in MR. COOPER GROUP by 418.9% in the fourth quarter. Covestor Ltd now owns 742 shares of the company's stock valued at $71,000 after buying an additional 599 shares in the last quarter. 89.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on COOP. Keefe, Bruyette & Woods raised their price target 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. Jefferies Financial Group raised their price target on MR. COOPER GROUP from $110.00 to $150.00 and gave the company a "hold" rating in a research note on Tuesday. UBS Group restated a "neutral" rating and issued a $156.00 price target on shares of MR. COOPER GROUP in a research note on Tuesday, July 15th. Citizens Jmp downgraded shares of MR. COOPER GROUP from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Finally, Barclays increased their target price on shares of MR. COOPER GROUP from $147.00 to $156.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $137.88.

MR. COOPER GROUP Price Performance

NASDAQ:COOP traded up $0.75 during trading hours on Friday, reaching $157.13. 517,300 shares of the company were exchanged, compared to its average volume of 1,607,850. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 0.47 and a beta of 1.05. The stock has a 50 day simple moving average of $143.57 and a 200 day simple moving average of $121.74. MR. COOPER GROUP INC has a 52-week low of $80.35 and a 52-week high of $178.89.

MR. COOPER GROUP (NASDAQ:COOP - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.15). MR. COOPER GROUP had a return on equity of 15.66% and a net margin of 25.38%. The firm had revenue of $608.00 million during the quarter, compared to analysts' expectations of $669.23 million. During the same period last year, the business posted $3.10 earnings per share. The company's quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that MR. COOPER GROUP INC will post 13.17 EPS for the current fiscal year.

Insider Buying and Selling at MR. COOPER GROUP

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

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.