Mr. Cooper Group Inc $COOP Shares Sold by FJ Capital Management LLC

Key Points

• FJ Capital Management LLC reduced its stake in Mr. Cooper Group Inc by 23.7%, dropping to 30,490 shares valued at $3.65 million as of its latest SEC filing.
• CEO Jesse K. Bray sold 30,000 shares for over $5.2 million, resulting in a 4.33% decrease in his ownership of the company.
• Research analysts have raised target prices for Mr. Cooper Group, with Piper Sandler increasing it from $143.00 to $158.00, indicating a generally positive outlook on the stock.

FJ Capital Management LLC reduced its stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 23.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,490 shares of the company's stock after selling 9,455 shares during the period. FJ Capital Management LLC's holdings in Mr. Cooper Group were worth $3,647,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in COOP. Cercano Management LLC lifted its holdings 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 worth $75,920,000 after acquiring an additional 315,801 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Mr. Cooper Group by 14,148.0% in the 1st quarter. GAMMA Investing LLC now owns 311,319 shares of the company's stock worth $37,234,000 after acquiring an additional 309,134 shares during the last quarter. Invesco Ltd. grew its position in Mr. Cooper Group by 11.8% in the 1st quarter. Invesco Ltd. now owns 2,013,536 shares of the company's stock valued at $240,819,000 after acquiring an additional 213,167 shares in the last quarter. Nuveen LLC acquired a new position in Mr. Cooper Group in the 1st quarter valued at about $24,037,000. Finally, Assenagon Asset Management S.A. grew its position in Mr. Cooper Group by 13.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company's stock valued at $126,438,000 after acquiring an additional 129,414 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock traded up $10.50 on Friday, reaching $213.11. 1,008,778 shares of the company were exchanged, compared to its average volume of 738,189. Mr. Cooper Group Inc has a 1-year low of $84.15 and a 1-year high of $216.79. The company has a market cap of $13.64 billion, a P/E ratio of 24.38 and a beta of 0.98. The stock's 50 day moving average price is $172.07 and its 200-day moving average price is $138.75.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 earnings per share for the quarter, missing analysts' consensus estimates of $3.28 by ($0.15). Mr. Cooper Group had a net margin of 25.38% and a return on equity of 15.66%. The firm had revenue of $608.00 million during the quarter, compared to analyst estimates of $669.23 million. During the same quarter in the previous year, the business posted $3.10 earnings per share. Mr. Cooper Group's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts predict that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on COOP shares. UBS Group set a $176.00 target price on Mr. Cooper Group in a research report on Tuesday, August 5th. Jefferies Financial Group lifted their target price on Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a research report on Tuesday, July 22nd. Piper Sandler lifted their target price on Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Finally, Barclays lifted their target price on Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $140.38.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $182.43, for a total value of $5,472,900.00. Following the sale, the chief executive officer directly owned 633,187 shares in the company, valued at approximately $115,512,304.41. This trade represents a 4.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 90,000 shares of company stock valued at $15,278,700. 1.73% of the stock is currently owned by company insiders.

Mr. Cooper Group 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.