Edgestream Partners L.P. Has $4.72 Million Holdings in Mr. Cooper Group Inc (NASDAQ:COOP)

Edgestream Partners L.P. decreased its position in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 32.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,492 shares of the company's stock after selling 18,902 shares during the quarter. Edgestream Partners L.P. owned about 0.06% of Mr. Cooper Group worth $4,723,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. bought a new stake in shares of Mr. Cooper Group during the first quarter valued at about $26,000. Picton Mahoney Asset Management increased its stake in Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after purchasing an additional 95 shares in the last quarter. Allworth Financial LP increased its stake in Mr. Cooper Group by 24.5% in the 1st quarter. Allworth Financial LP now owns 442 shares of the company's stock worth $51,000 after purchasing an additional 87 shares in the last quarter. USA Financial Formulas purchased a new position in Mr. Cooper Group during the 1st quarter valued at about $55,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Mr. Cooper Group during the 4th quarter valued at about $70,000. Institutional investors and hedge funds own 89.82% of the company's stock.

Insiders Place Their Bets

In related news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 693,187 shares in the company, valued at approximately $105,461,470.18. The trade was a 4.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.73% of the company's stock.

Mr. Cooper Group Stock Performance

Shares of NASDAQ COOP traded down $0.29 during trading hours on Friday, hitting $147.91. The stock had a trading volume of 198,849 shares, compared to its average volume of 967,517. The company has a market capitalization of $9.47 billion, a P/E ratio of 16.79, a P/E/G ratio of 0.43 and a beta of 1.05. The firm's 50-day moving average price is $139.35 and its two-hundred day moving average price is $119.02. Mr. Cooper Group Inc has a 52 week low of $80.35 and a 52 week high of $158.00.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 15.27% and a net margin of 25.93%. The business had revenue of $560.00 million during the quarter, compared to analysts' expectations of $620.57 million. During the same quarter in the previous year, the business posted $2.73 EPS. The firm's quarterly revenue was down .7% compared to the same quarter last year. As a group, analysts expect that Mr. Cooper Group Inc will post 13.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. UBS Group reaffirmed a "neutral" rating and set a $156.00 target price on shares of Mr. Cooper Group in a research note on Tuesday. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Piper Sandler lifted their target price on Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Keefe, Bruyette & Woods lifted their target price 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. Finally, Barclays boosted their price target on Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $136.14.

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.