Metavasi Capital LP Has $6.30 Million Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Metavasi Capital LP trimmed its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 27.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,600 shares of the company's stock after selling 25,000 shares during the quarter. Mr. Cooper Group accounts for 2.2% of Metavasi Capital LP's portfolio, making the stock its 11th largest position. Metavasi Capital LP owned about 0.10% of Mr. Cooper Group worth $6,298,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $72,984,000. Veridan Wealth LLC acquired a new stake in Mr. Cooper Group during the 4th quarter worth $56,244,000. Wellington Management Group LLP raised its position 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 last quarter. Lodge Hill Capital LLC lifted its stake in shares of Mr. Cooper Group by 315.6% in the 4th quarter. Lodge Hill Capital LLC now owns 166,640 shares of the company's stock valued at $15,999,000 after purchasing an additional 126,540 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Mr. Cooper Group by 16.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock worth $83,712,000 after purchasing an additional 125,897 shares during the last quarter. 89.82% of the stock is owned by institutional investors.

Mr. Cooper Group Trading Down 0.1 %

Shares of NASDAQ COOP traded down $0.09 during mid-day trading on Tuesday, hitting $117.45. The company had a trading volume of 256,920 shares, compared to its average volume of 573,656. The firm has a 50-day simple moving average of $112.28 and a two-hundred day simple moving average of $103.51. Mr. Cooper Group Inc. has a one year low of $78.20 and a one year high of $137.60. The company has a market capitalization of $7.52 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on COOP shares. Barclays raised their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. UBS Group upped their target price on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Piper Sandler cut shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their price target for the stock from $125.00 to $143.00 in a research report on Friday, April 4th. Keefe, Bruyette & Woods raised their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. Finally, JMP Securities reissued a "market outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $131.14.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated 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 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 can be accessed through this link. Insiders own 1.73% of the company's stock.

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.