Teacher Retirement System of Texas Has $2.34 Million Stock Holdings in Mr. Cooper Group Inc (NASDAQ:COOP)

Teacher Retirement System of Texas lessened its stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 52.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,542 shares of the company's stock after selling 21,183 shares during the period. Teacher Retirement System of Texas' holdings in Mr. Cooper Group were worth $2,337,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in COOP. First Horizon Advisors Inc. bought a new position in Mr. Cooper Group during the first quarter worth about $26,000. Picton Mahoney Asset Management lifted its stake in Mr. Cooper Group by 41.3% during 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 period. USA Financial Formulas bought a new position in Mr. Cooper Group during the first quarter worth about $55,000. Kapitalo Investimentos Ltda bought a new position in Mr. Cooper Group during the fourth quarter worth about $70,000. Finally, Covestor Ltd lifted its stake in Mr. Cooper Group by 418.9% during the fourth quarter. Covestor Ltd now owns 742 shares of the company's stock worth $71,000 after purchasing an additional 599 shares during the period. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Stock Down 0.5%

COOP stock traded down $0.69 during trading on Thursday, hitting $148.36. The company had a trading volume of 1,220,752 shares, compared to its average volume of 723,931. The firm has a 50-day moving average price of $135.91 and a 200-day moving average price of $116.85. Mr. Cooper Group Inc has a 12 month low of $79.24 and a 12 month high of $158.00. The stock has a market cap of $9.49 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 0.43 and a beta of 1.05.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.16. Mr. Cooper Group had a net margin of 25.93% and a return on equity of 15.27%. The firm had revenue of $560.00 million during the quarter, compared to analysts' expectations of $620.57 million. During the same quarter in the previous year, the company posted $2.73 EPS. Mr. Cooper Group's revenue was down .7% on a year-over-year basis. Equities analysts expect that Mr. Cooper Group Inc will post 13.17 EPS for the current year.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $152.14, for a total transaction of $4,564,200.00. Following the completion of the sale, the chief executive officer owned 693,187 shares of the company's stock, valued at approximately $105,461,470.18. The trade was a 4.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.73% of the company's stock.

Analyst Upgrades and Downgrades

COOP has been the subject of a number of analyst reports. Citizens Jmp cut shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Barclays lifted their target price on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research note on Tuesday. Piper Sandler lifted their target price on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Keefe, Bruyette & Woods lifted 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 note on Tuesday, April 8th. Finally, UBS Group lifted their target price on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Mr. Cooper Group currently has an average rating of "Moderate Buy" and a consensus price target of $134.57.

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.