SG Americas Securities LLC Increases Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

SG Americas Securities LLC raised its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 711.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,551 shares of the company's stock after purchasing an additional 9,251 shares during the quarter. SG Americas Securities LLC's holdings in Mr. Cooper Group were worth $1,262,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management raised its position in Mr. Cooper Group by 41.3% in the fourth 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. Kapitalo Investimentos Ltda purchased a new stake in Mr. Cooper Group in the fourth quarter valued at approximately $70,000. Covestor Ltd raised its position in Mr. Cooper Group by 418.9% in the fourth 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. Blue Trust Inc. raised its position in Mr. Cooper Group by 38.8% in the fourth quarter. Blue Trust Inc. now owns 794 shares of the company's stock valued at $76,000 after purchasing an additional 222 shares during the period. Finally, National Bank of Canada FI purchased a new stake in Mr. Cooper Group in the fourth quarter valued at approximately $78,000. Hedge funds and other institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Trading Up 0.9%

Shares of COOP stock opened at $144.36 on Tuesday. The firm has a fifty day moving average price of $123.80 and a 200 day moving average price of $110.85. The company has a market cap of $9.24 billion, a P/E ratio of 14.18, a PEG ratio of 0.32 and a beta of 1.03. Mr. Cooper Group Inc. has a 12 month low of $78.20 and a 12 month high of $147.23.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its 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. 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 net margin of 30.07% and a return on equity of 14.76%. The company's revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.73 earnings per share. On average, equities analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their target price on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research report on Tuesday, April 8th. UBS Group boosted 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. Piper Sandler downgraded shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their price target for the stock from $125.00 to $143.00 in a research note on Friday, April 4th. Barclays boosted 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. Finally, Citizens Jmp downgraded shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Mr. Cooper Group currently has an average rating of "Moderate Buy" and an average price target of $131.14.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.