Teacher Retirement System of Texas Cuts Stake in Mr. Cooper Group Inc (NASDAQ:COOP)

Teacher Retirement System of Texas cut its holdings in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 52.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,542 shares of the company's stock after selling 21,183 shares during the quarter. Teacher Retirement System of Texas' holdings in Mr. Cooper Group were worth $2,337,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. First Horizon Advisors Inc. acquired a new position in Mr. Cooper Group during the first quarter worth about $26,000. Pinnacle Financial Partners Inc acquired a new position in Mr. Cooper Group in the 1st quarter valued at about $244,000. Fedenia Advisers LLC acquired a new position in Mr. Cooper Group in the 1st quarter valued at about $459,000. MorganRosel Wealth Management LLC boosted its holdings in Mr. Cooper Group by 1.2% in the 1st quarter. MorganRosel Wealth Management LLC now owns 13,544 shares of the company's stock valued at $1,620,000 after purchasing an additional 154 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its holdings in Mr. Cooper Group by 1.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 35,779 shares of the company's stock valued at $4,279,000 after purchasing an additional 480 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction that occurred 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.73% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on COOP. Keefe, Bruyette & Woods boosted 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 report on Tuesday, April 8th. Citizens Jmp lowered shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Piper Sandler boosted their target price on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. UBS Group boosted their target price on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Finally, Barclays boosted their price target 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $134.57.

Mr. Cooper Group Stock Performance

Shares of Mr. Cooper Group stock traded down $1.36 on Friday, reaching $147.00. The company had a trading volume of 713,383 shares, compared to its average volume of 726,291. The firm's 50 day moving average price is $137.01 and its two-hundred day moving average price is $117.58. The firm has a market cap of $9.41 billion, a PE ratio of 16.70, a PEG ratio of 0.43 and a beta of 1.05. Mr. Cooper Group Inc has a 52-week low of $80.35 and a 52-week high of $158.00.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.81 by $0.16. The business had revenue of $560.00 million for the quarter, compared to the consensus estimate of $620.57 million. Mr. Cooper Group had a net margin of 25.93% and a return on equity of 15.27%. The business's revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.73 EPS. As a group, sell-side analysts predict that Mr. Cooper Group Inc will post 13.17 EPS 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.