Fedenia Advisers LLC Invests $459,000 in Mr. Cooper Group Inc (NASDAQ:COOP)

Fedenia Advisers LLC bought a new position in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 3,840 shares of the company's stock, valued at approximately $459,000.

A number of other institutional investors also recently bought and sold shares of COOP. QRG Capital Management Inc. boosted its position in shares of Mr. Cooper Group by 3.6% during the 4th quarter. QRG Capital Management Inc. now owns 7,644 shares of the company's stock worth $734,000 after purchasing an additional 263 shares during the period. Sage Rhino Capital LLC purchased a new stake in shares of Mr. Cooper Group in the 4th quarter valued at approximately $201,000. Assetmark Inc. increased its stake in Mr. Cooper Group by 4.9% in the fourth quarter. Assetmark Inc. now owns 11,668 shares of the company's stock valued at $1,120,000 after purchasing an additional 541 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Mr. Cooper Group during the 4th quarter worth $4,081,000. Finally, Amundi boosted its position in shares of Mr. Cooper Group by 507.7% in the 4th quarter. Amundi now owns 69,974 shares of the company's stock valued at $6,545,000 after purchasing an additional 58,459 shares during the period. 89.82% of the stock is owned by hedge funds and other institutional investors.

Mr. Cooper Group Trading Up 0.9%

Shares of NASDAQ:COOP traded up $1.33 during midday trading on Wednesday, hitting $153.51. 1,674,484 shares of the stock were exchanged, compared to its average volume of 708,507. The company has a 50 day moving average price of $131.96 and a 200-day moving average price of $114.77. Mr. Cooper Group Inc has a twelve month low of $78.20 and a twelve month high of $157.76. The stock has a market cap of $9.82 billion, a P/E ratio of 17.44, a PEG ratio of 0.43 and a beta of 1.05.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released 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 net margin of 25.93% and a return on equity of 15.27%. The business had revenue of $560.00 million for the quarter, compared to analyst estimates of $620.57 million. During the same period in the prior year, the business earned $2.73 earnings per share. The company's quarterly revenue was down .7% on a year-over-year basis. On average, equities research analysts expect that Mr. Cooper Group Inc will post 13.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

COOP has been the subject of several recent research reports. UBS Group increased their target price on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Piper Sandler increased their price objective on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research report on Tuesday. Barclays boosted their target price on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods increased their price target on shares of 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, Citizens Jmp downgraded shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $133.29.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $152.14, for a total value of $4,564,200.00. Following the transaction, the chief executive officer directly owned 693,187 shares in the company, valued at approximately $105,461,470.18. This represents a 4.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.