UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 125,577 shares of the company's stock after acquiring an additional 21,173 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.20% of Mr. Cooper Group worth $12,057,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Mr. Cooper Group during the fourth quarter valued at $72,984,000. 140 Summer Partners LP purchased a new position in shares of Mr. Cooper Group during the 4th quarter valued at about $69,959,000. Veridan Wealth LLC purchased a new position in shares of Mr. Cooper Group during the 4th quarter valued at about $56,244,000. Wellington Management Group LLP grew its stake in shares of 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 increased its holdings in Mr. Cooper Group by 66.5% in the 4th quarter. Cercano Management LLC now owns 790,753 shares of the company's stock worth $75,920,000 after acquiring an additional 315,801 shares in the last quarter. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Stock Down 1.2%

COOP stock traded down $1.52 during mid-day trading on Wednesday, hitting $130.07. The company had a trading volume of 1,047,686 shares, compared to its average volume of 625,972. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 12.78, a P/E/G 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 $138.35. The company has a 50-day moving average price of $121.80 and a 200 day moving average price of $108.47.

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

Analyst Ratings Changes

Several equities analysts have weighed in on COOP shares. UBS Group lifted their price target 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. Keefe, Bruyette & Woods lifted 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 research note on Tuesday, April 8th. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. JMP Securities restated a "market outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Finally, Barclays upped their price objective on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.