Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC trimmed its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 150,207 shares of the company's stock after selling 8,516 shares during the period. Kennedy Capital Management LLC owned 0.23% of Mr. Cooper Group worth $14,421,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COOP. Picton Mahoney Asset Management grew its holdings 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. Asset Planning Inc acquired a new stake in shares of Mr. Cooper Group during the 4th quarter worth $48,000. ORG Partners LLC purchased a new position in shares of Mr. Cooper Group in the 4th quarter worth $51,000. Blue Trust Inc. boosted its holdings 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 acquiring an additional 222 shares during the last quarter. Finally, National Bank of Canada FI purchased a new stake in Mr. Cooper Group during the fourth quarter valued at about $78,000. Hedge funds and other institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Price Performance

COOP traded down $0.42 on Tuesday, reaching $115.47. The company's stock had a trading volume of 289,055 shares, compared to its average volume of 560,099. Mr. Cooper Group Inc. has a 1 year low of $74.49 and a 1 year high of $137.60. The business's 50 day moving average is $110.28 and its 200 day moving average is $101.28. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. As a group, research analysts forecast that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the completion of the transaction, the chief executive officer now owns 698,821 shares of the company's stock, valued at $78,435,669.04. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.33% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on COOP shares. JMP Securities reaffirmed a "market outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Piper Sandler downgraded shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their price objective for the stock from $125.00 to $143.00 in a research note on Friday, April 4th. Keefe, Bruyette & Woods raised 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. UBS Group upped their price target on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $119.78.

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.