Rhumbline Advisers Sells 6,935 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Rhumbline Advisers trimmed its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,875 shares of the company's stock after selling 6,935 shares during the quarter. Rhumbline Advisers owned 0.29% of Mr. Cooper Group worth $21,991,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Picton Mahoney Asset Management grew its position in Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after purchasing an additional 95 shares in the last quarter. Asset Planning Inc purchased a new position in shares of Mr. Cooper Group during the fourth quarter valued at approximately $48,000. Kapitalo Investimentos Ltda bought a new stake in shares of Mr. Cooper Group during the fourth quarter valued at approximately $70,000. Covestor Ltd increased its position in shares of Mr. Cooper Group by 418.9% during the fourth quarter. Covestor Ltd now owns 742 shares of the company's stock valued at $71,000 after acquiring an additional 599 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Mr. Cooper Group by 38.8% during the fourth quarter. Blue Trust Inc. now owns 794 shares of the company's stock valued at $76,000 after acquiring an additional 222 shares in the last quarter. 89.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on COOP shares. UBS Group upped 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 report on Wednesday, April 16th. Barclays raised their price target on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Citizens Jmp cut shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Piper Sandler cut shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and raised their target price for the stock from $125.00 to $143.00 in a report on Friday, April 4th. Finally, JMP Securities reissued a "market outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Mr. Cooper Group has a consensus rating of "Moderate Buy" and an average target price of $131.14.

Mr. Cooper Group Stock Up 0.7%

Shares of NASDAQ COOP traded up $0.90 during midday trading on Monday, hitting $132.18. The company had a trading volume of 796,592 shares, compared to its average volume of 634,833. Mr. Cooper Group Inc. has a twelve month low of $78.20 and a twelve month high of $139.23. The business has a 50-day simple moving average of $122.15 and a two-hundred day simple moving average of $109.33. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 0.32 and a beta of 1.03.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $620.57 million. During the same period in the previous year, the firm posted $2.73 earnings per share. The company's quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current 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.