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

Edgestream Partners L.P. reduced its holdings 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 disclosure with the Securities & Exchange Commission. The firm owned 39,492 shares of the company's stock after selling 18,902 shares during the quarter. Edgestream Partners L.P. owned 0.06% of Mr. Cooper Group worth $4,723,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. acquired a new stake in Mr. Cooper Group in the first quarter valued at $26,000. Picton Mahoney Asset Management raised its holdings in Mr. Cooper Group by 41.3% in the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after acquiring an additional 95 shares in the last quarter. Allworth Financial LP raised its holdings 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 acquiring 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. Finally, Kapitalo Investimentos Ltda acquired a new stake in Mr. Cooper Group in the fourth quarter valued at $70,000. 89.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Jesse K. Bray sold 30,000 shares of the 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 transaction, the chief executive officer owned 693,187 shares in the company, valued at approximately $105,461,470.18. This represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.73% of the stock is owned by company insiders.

Mr. Cooper Group Trading Up 1.5%

COOP stock traded up $2.23 during mid-day trading on Friday, reaching $150.43. 769,884 shares of the stock traded hands, compared to its average volume of 731,887. Mr. Cooper Group Inc has a 52-week low of $80.35 and a 52-week high of $158.00. The company has a market cap of $9.63 billion, a P/E ratio of 17.09, a P/E/G ratio of 0.43 and a beta of 1.05. The stock's fifty day moving average is $140.07 and its 200-day moving average is $119.40.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 25.93% and a return on equity of 15.27%. The business's quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.73 earnings per share. Equities research analysts expect that Mr. Cooper Group Inc will post 13.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

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