Jacobs Levy Equity Management Inc. Sells 30,948 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Jacobs Levy Equity Management Inc. trimmed its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 46.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,056 shares of the company's stock after selling 30,948 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.05% of Mr. Cooper Group worth $3,366,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Picton Mahoney Asset Management raised its stake in Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after acquiring an additional 95 shares during the period. Asset Planning Inc bought a new stake in Mr. Cooper Group in the 4th quarter valued at about $48,000. Kapitalo Investimentos Ltda bought a new stake in Mr. Cooper Group in the 4th quarter valued at about $70,000. Covestor Ltd raised its stake in Mr. Cooper Group by 418.9% in the 4th quarter. Covestor Ltd now owns 742 shares of the company's stock valued at $71,000 after acquiring an additional 599 shares during the period. Finally, Blue Trust Inc. raised its stake in Mr. Cooper Group by 38.8% in the 4th quarter. Blue Trust Inc. now owns 794 shares of the company's stock valued at $76,000 after acquiring an additional 222 shares during the period. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Trading Up 0.7%

Shares of NASDAQ COOP traded up $0.88 during midday trading on Tuesday, hitting $130.25. 155,589 shares of the company's stock were exchanged, compared to its average volume of 598,975. Mr. Cooper Group Inc. has a 12-month low of $78.20 and a 12-month high of $138.35. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 0.32 and a beta of 1.06. The business's fifty day moving average price is $115.65 and its two-hundred day moving average price is $105.87.

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

Analyst Upgrades and Downgrades

COOP has been the topic of several analyst reports. Barclays upped their price target 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 upped their price target 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 upped their price target for the company from $125.00 to $143.00 in a research report on Friday, April 4th. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Finally, JMP Securities reiterated a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $131.14.

Insiders Place Their Bets

In other Mr. Cooper Group 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 value of $3,367,200.00. Following the completion of the sale, the chief executive officer now 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 1.73% of the stock is owned by insiders.

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.