FJ Capital Management LLC Sells 6,738 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

FJ Capital Management LLC lowered its stake in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,945 shares of the company's stock after selling 6,738 shares during the period. FJ Capital Management LLC owned approximately 0.06% of Mr. Cooper Group worth $3,835,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of COOP. Picton Mahoney Asset Management increased its position in shares of Mr. Cooper Group by 41.3% in the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after purchasing an additional 95 shares during the period. Asset Planning Inc bought a new position in shares of Mr. Cooper Group in the fourth quarter worth $48,000. ORG Partners LLC bought a new position in shares of Mr. Cooper Group in the fourth quarter worth $51,000. Kapitalo Investimentos Ltda bought a new position in shares of Mr. Cooper Group in the fourth quarter worth $70,000. Finally, Covestor Ltd increased its position in shares of Mr. Cooper Group by 418.9% in the fourth quarter. Covestor Ltd now owns 742 shares of the company's stock worth $71,000 after purchasing an additional 599 shares during the period. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Stock Up 4.1%

Shares of COOP stock traded up $4.70 during mid-day trading on Monday, reaching $119.20. 961,309 shares of the stock traded hands, compared to its average volume of 585,694. The stock's fifty day simple moving average is $112.97 and its two-hundred day simple moving average is $104.49. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06. Mr. Cooper Group Inc. has a 1-year low of $78.20 and a 1-year high of $137.60.

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

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the transaction, the chief executive officer now directly owns 698,821 shares of the company's stock, valued at $78,435,669.04. This represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on COOP shares. JMP Securities reiterated a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Barclays lifted their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. 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. Piper Sandler cut Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their target price for the company from $125.00 to $143.00 in a research report on Friday, April 4th. Finally, Keefe, Bruyette & Woods lifted 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Mr. Cooper Group currently has an average rating of "Moderate Buy" and a consensus price target of $131.14.

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.