1,963 Shares in Mr. Cooper Group Inc (NASDAQ:COOP) Acquired by Longboard Asset Management LP

Longboard Asset Management LP acquired a new position in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,963 shares of the company's stock, valued at approximately $235,000.

Other hedge funds have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $1,603,000. Park Avenue Securities LLC acquired a new position in shares of Mr. Cooper Group during the 1st quarter worth $1,684,000. Assenagon Asset Management S.A. raised its holdings in shares of Mr. Cooper Group by 13.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company's stock worth $126,438,000 after buying an additional 129,414 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Mr. Cooper Group during the 4th quarter worth $394,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Mr. Cooper Group by 15.5% during the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock worth $61,846,000 after buying an additional 86,510 shares during the last quarter. 89.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

COOP has been the topic of a number of recent analyst reports. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Piper Sandler lowered shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their price target for the company from $125.00 to $143.00 in a report on Friday, April 4th. UBS Group upped 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. Keefe, Bruyette & Woods raised their target price on shares of 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. Finally, 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 note on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Mr. Cooper Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.14.

Mr. Cooper Group Price Performance

NASDAQ COOP traded up $1.44 during trading hours on Thursday, reaching $151.49. The company's stock had a trading volume of 1,357,126 shares, compared to its average volume of 664,929. The firm has a fifty day simple moving average of $129.56 and a 200-day simple moving average of $113.51. Mr. Cooper Group Inc has a 52 week low of $78.20 and a 52 week high of $156.35. The stock has a market cap of $9.69 billion, a P/E ratio of 17.21, a P/E/G ratio of 0.44 and a beta of 1.03.

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