ProShare Advisors LLC Has $1.83 Million Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

ProShare Advisors LLC raised its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 42.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,033 shares of the company's stock after buying an additional 5,703 shares during the quarter. ProShare Advisors LLC's holdings in Mr. Cooper Group were worth $1,827,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management lifted its holdings 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 buying an additional 95 shares during the period. Williamson Legacy Group LLC raised its position in Mr. Cooper Group by 1.1% in the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company's stock worth $1,040,000 after acquiring an additional 118 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Mr. Cooper Group by 2.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock worth $479,000 after acquiring an additional 128 shares in the last quarter. Dakota Wealth Management lifted its holdings in Mr. Cooper Group by 0.7% in the fourth quarter. Dakota Wealth Management now owns 27,695 shares of the company's stock valued at $2,659,000 after acquiring an additional 181 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in Mr. Cooper Group by 5.6% in the fourth quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company's stock valued at $333,000 after acquiring an additional 184 shares during the period. 89.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the sale, the chief executive officer now directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. The trade was a 4.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on COOP. Barclays upped their price target 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. Piper Sandler lowered shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their price objective for the company from $125.00 to $143.00 in a research note on Friday, April 4th. UBS Group lifted their price target on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. JMP Securities restated a "market outperform" rating and set a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Finally, Citizens Jmp lowered shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $131.14.

Mr. Cooper Group Trading Down 0.6%

COOP traded down $0.75 during trading on Tuesday, reaching $128.76. 178,881 shares of the company were exchanged, compared to its average volume of 610,425. The stock has a market cap of $8.24 billion, a P/E ratio of 12.67, a PEG ratio of 0.32 and a beta of 1.06. Mr. Cooper Group Inc. has a 52 week low of $78.20 and a 52 week high of $138.35. The firm has a 50 day moving average of $118.35 and a 200 day moving average of $107.03.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The business had revenue of $560.00 million during the quarter, compared to analyst estimates of $620.57 million. During the same period in the prior year, the company posted $2.73 EPS. The business's revenue for the quarter was down .7% compared to the same quarter last year. As a group, analysts forecast that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

About Mr. Cooper Group

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.