iSAM Funds UK Ltd Acquires New Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

iSAM Funds UK Ltd purchased a new position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,951 shares of the company's stock, valued at approximately $475,000.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on COOP shares. Citizens Jmp cut shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. 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 cut shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their target price for the stock from $125.00 to $143.00 in a report on Friday, April 4th. JMP Securities reiterated a "market outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th. Finally, Barclays increased their target price on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Mr. Cooper Group presently has an average rating of "Moderate Buy" and an average target price of $131.14.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the sale, the chief executive officer now directly owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. This represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.73% of the company's stock.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock traded up $2.00 during midday trading on Friday, hitting $129.50. 690,692 shares of the company's stock were exchanged, compared to its average volume of 611,994. Mr. Cooper Group Inc. has a 12 month low of $78.20 and a 12 month high of $138.35. The firm has a 50-day moving average of $117.83 and a two-hundred day moving average of $106.77. The company has a market cap of $8.29 billion, a PE ratio of 12.72, a P/E/G ratio of 0.32 and a beta of 1.06.

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. The business 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 30.07% and a return on equity of 14.76%. The company's quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.73 earnings per share. As a group, equities analysts expect that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

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.