iSAM Funds UK Ltd Takes $475,000 Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

iSAM Funds UK Ltd acquired a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 4,951 shares of the company's stock, valued at approximately $475,000.

Other hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management raised its holdings in shares of Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after acquiring an additional 95 shares in the last quarter. Williamson Legacy Group LLC lifted its position in Mr. Cooper Group by 1.1% during the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company's stock valued at $1,040,000 after purchasing an additional 118 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Mr. Cooper Group by 2.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock valued at $479,000 after purchasing an additional 128 shares during the last quarter. Dakota Wealth Management grew its stake in shares of Mr. Cooper Group by 0.7% in the 4th quarter. Dakota Wealth Management now owns 27,695 shares of the company's stock worth $2,659,000 after buying an additional 181 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of Mr. Cooper Group by 5.6% in the 4th quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company's stock worth $333,000 after buying an additional 184 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Stock Performance

Shares of NASDAQ COOP traded up $2.00 during mid-day trading on Monday, hitting $129.50. The stock had a trading volume of 690,692 shares, compared to its average volume of 611,994. The company has a 50 day moving average of $117.83 and a two-hundred day moving average of $106.83. Mr. Cooper Group Inc. has a twelve month low of $78.20 and a twelve month high of $138.35. The firm has a market cap of $8.29 billion, a PE ratio of 12.72, a PEG ratio of 0.32 and a beta of 1.06.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.16. The firm had revenue of $560.00 million during the quarter, compared to analysts' expectations of $620.57 million. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. The firm's revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $2.73 earnings per share. Equities research analysts predict that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Analyst Ratings Changes

COOP has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their price objective on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research report on Tuesday, April 8th. UBS Group increased their price objective on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Citizens Jmp downgraded Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Piper Sandler cut 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 report on Friday, April 4th. Finally, JMP Securities reiterated a "market outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Mr. Cooper Group presently has a consensus rating of "Moderate Buy" and an average target price of $131.14.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the sale, the chief executive officer now owns 698,821 shares in the company, valued at $78,435,669.04. This trade represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.73% of the company's stock.

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.