Teacher Retirement System of Texas lessened its stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 52.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. acquired a new position in shares of Mr. Cooper Group in the 1st quarter valued at about $26,000. Picton Mahoney Asset Management lifted its stake in shares of Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after purchasing an additional 95 shares during the period. USA Financial Formulas acquired a new position in shares of Mr. Cooper Group in the 1st quarter valued at about $55,000. Kapitalo Investimentos Ltda acquired a new position in shares of Mr. Cooper Group in the 4th quarter valued at about $70,000. Finally, Covestor Ltd lifted its stake in shares of Mr. Cooper Group by 418.9% in the 4th quarter. Covestor Ltd now owns 742 shares of the company's stock valued at $71,000 after purchasing an additional 599 shares during the period. Institutional investors own 89.82% of the company's stock.
Analysts Set New Price Targets
A number of research firms recently weighed in on COOP. Citizens Jmp downgraded Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Barclays upped their price target on Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Piper Sandler upped their price target on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Keefe, Bruyette & Woods upped their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 8th. Finally, UBS Group upped their price target on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Three 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $134.57.
Read Our Latest Report on COOP
Mr. Cooper Group Stock Performance
Shares of Mr. Cooper Group stock traded down $1.36 on Friday, hitting $147.00. The company had a trading volume of 713,383 shares, compared to its average volume of 727,705. The stock has a market capitalization of $9.41 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 0.43 and a beta of 1.05. Mr. Cooper Group Inc has a 1 year low of $80.35 and a 1 year high of $158.00. The stock has a 50 day moving average of $137.01 and a 200-day moving average of $117.74.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 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 the consensus estimate of $620.57 million. Mr. Cooper Group had a return on equity of 15.27% and a net margin of 25.93%. The company's quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.73 earnings per share. Equities analysts anticipate that Mr. Cooper Group Inc will post 13.17 earnings per share for the current year.
Insider Activity at Mr. Cooper Group
In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $152.14, for a total value of $4,564,200.00. Following the completion of the sale, the chief executive officer directly owned 693,187 shares of the company's stock, valued at $105,461,470.18. This represents a 4.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.73% of the stock is currently owned by company insiders.
Mr. Cooper Group Company Profile
(
Free Report)
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.
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