Long Focus Capital Management LLC Cuts Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Long Focus Capital Management LLC lowered its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 53.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,000 shares of the company's stock after selling 35,000 shares during the quarter. Long Focus Capital Management LLC's holdings in Mr. Cooper Group were worth $2,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Mr. Cooper Group by 9,175.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company's stock valued at $472,000 after purchasing an additional 4,863 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Mr. Cooper Group during the fourth quarter valued at about $1,603,000. World Investment Advisors LLC bought a new position in shares of Mr. Cooper Group during the third quarter valued at about $2,537,000. Spire Wealth Management purchased a new position in shares of Mr. Cooper Group in the fourth quarter worth about $1,480,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Mr. Cooper Group by 15.5% in the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock valued at $61,846,000 after acquiring an additional 86,510 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. UBS Group raised their price target on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. JMP Securities reaffirmed a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Citizens Jmp lowered shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Barclays raised their price target on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods upped their price objective 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Mr. Cooper Group presently has an average rating of "Moderate Buy" and a consensus target price of $131.14.

Mr. Cooper Group Trading Down 0.7 %

NASDAQ COOP traded down $0.79 during trading on Monday, hitting $115.93. The company had a trading volume of 196,886 shares, compared to its average volume of 568,921. The company's fifty day moving average is $111.25 and its 200-day moving average is $102.56. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a one year low of $76.85 and a one year high of $137.60.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.81 by $0.16. The company 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%. Mr. Cooper Group's revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.73 earnings per share. As a group, equities analysts anticipate that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Insider Activity

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 698,821 shares in the company, valued at approximately $78,435,669.04. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.33% of the stock is currently owned by company insiders.

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.