Public Employees Retirement System of Ohio Reduces Stock Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Public Employees Retirement System of Ohio lessened its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 88.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,458 shares of the company's stock after selling 18,848 shares during the period. Public Employees Retirement System of Ohio's holdings in Mr. Cooper Group were worth $236,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Mr. Cooper Group during the fourth quarter valued at approximately $72,984,000. 140 Summer Partners LP bought a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $69,959,000. Veridan Wealth LLC purchased a new position in Mr. Cooper Group during the 4th quarter valued at $56,244,000. Wellington Management Group LLP boosted its holdings in Mr. Cooper Group by 43.1% during the 4th quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock valued at $109,346,000 after acquiring an additional 343,243 shares during the period. Finally, Cercano Management LLC grew its position in Mr. Cooper Group by 66.5% in the 4th quarter. Cercano Management LLC now owns 790,753 shares of the company's stock valued at $75,920,000 after acquiring an additional 315,801 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.

Wall Street Analyst Weigh In

COOP has been the subject of several research analyst reports. Barclays lifted their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Piper Sandler downgraded shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their price target for the company from $125.00 to $143.00 in a research note on Friday, April 4th. UBS Group lifted their target price on Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods increased their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. Finally, JMP Securities restated a "market outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Three 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, Mr. Cooper Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.14.

Mr. Cooper Group Trading Up 1.5%

COOP opened at $132.06 on Friday. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 0.32 and a beta of 1.06. Mr. Cooper Group Inc. has a 12 month low of $78.20 and a 12 month high of $139.23. The stock has a fifty day moving average price of $122.05 and a 200-day moving average price of $108.71.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.81 by $0.16. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. 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 firm posted $2.73 earnings per share. The company's quarterly revenue was down .7% on a year-over-year basis. On average, equities research analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

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.

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