GAMMA Investing LLC Purchases 309,134 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

GAMMA Investing LLC raised its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 14,148.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 311,319 shares of the company's stock after buying an additional 309,134 shares during the quarter. GAMMA Investing LLC owned about 0.49% of Mr. Cooper Group worth $37,234,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Invesco Ltd. grew its position in shares of Mr. Cooper Group by 5.2% during the 4th quarter. Invesco Ltd. now owns 1,800,369 shares of the company's stock worth $172,853,000 after buying an additional 89,544 shares during the period. Wellington Management Group LLP grew its position in shares of Mr. Cooper Group by 43.1% in the 4th quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock valued at $109,346,000 after purchasing an additional 343,243 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Mr. Cooper Group by 16.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock valued at $83,712,000 after purchasing an additional 125,897 shares during the period. Northern Trust Corp grew its position in shares of Mr. Cooper Group by 6.8% in the 4th quarter. Northern Trust Corp now owns 835,369 shares of the company's stock valued at $80,204,000 after purchasing an additional 53,534 shares during the period. Finally, Cercano Management LLC grew its position in shares of Mr. Cooper Group by 66.5% in the 4th quarter. Cercano Management LLC now owns 790,753 shares of the company's stock valued at $75,920,000 after purchasing an additional 315,801 shares during the period. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on COOP shares. JMP Securities reiterated a "market outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $125.00 to $143.00 in a research report on Friday, April 4th. UBS Group boosted their target price on Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Barclays boosted their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Finally, Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $131.14.

Mr. Cooper Group Stock Performance

COOP traded down $0.78 during trading hours on Friday, reaching $131.28. The company's stock had a trading volume of 572,501 shares, compared to its average volume of 634,182. Mr. Cooper Group Inc. has a 52 week low of $78.20 and a 52 week high of $139.23. The company's 50-day moving average is $122.18 and its 200-day moving average is $108.94. The firm has a market cap of $8.40 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06.

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

Mr. Cooper Group Company Profile

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.