Mr. Cooper Group Inc. (NASDAQ:COOP) Position Trimmed by Metavasi Capital LP

Metavasi Capital LP lowered its stake in shares of 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 makes up about 2.2% of Metavasi Capital LP's investment portfolio, making the stock its 11th largest holding. Metavasi Capital LP owned approximately 0.10% of Mr. Cooper Group worth $6,298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mercer Global Advisors Inc. ADV lifted its holdings in Mr. Cooper Group by 13.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,462 shares of the company's stock worth $908,000 after buying an additional 1,140 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in Mr. Cooper Group during the fourth quarter worth $70,000. Lido Advisors LLC boosted its holdings in Mr. Cooper Group by 28.0% in the fourth quarter. Lido Advisors LLC now owns 3,247 shares of the company's stock worth $312,000 after purchasing an additional 711 shares during the period. Northern Trust Corp increased its stake in Mr. Cooper Group by 6.8% during the fourth quarter. Northern Trust Corp now owns 835,369 shares of the company's stock valued at $80,204,000 after purchasing an additional 53,534 shares during the last quarter. Finally, Boothbay Fund Management LLC raised its holdings in shares of Mr. Cooper Group by 333.5% during the fourth quarter. Boothbay Fund Management LLC now owns 50,538 shares of the company's stock worth $4,852,000 after purchasing an additional 38,881 shares during the period. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Trading Up 0.8 %

COOP traded up $0.98 during trading hours on Friday, hitting $120.58. The company's stock had a trading volume of 753,284 shares, compared to its average volume of 574,827. The company has a 50-day simple moving average of $112.15 and a 200 day simple moving average of $103.30. The firm has a market capitalization of $7.72 billion, a PE ratio of 11.84, a PEG ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a fifty-two week low of $78.20 and a fifty-two week high of $137.60.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, beating 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 company's quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $2.73 earnings per share. Research analysts expect that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of the company's 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 sale, the chief executive officer now owns 698,821 shares in the company, 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 SEC, which is available through this link. 2.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price objective on shares of 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 increased 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. 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 report on Tuesday, April 8th. Citizens Jmp downgraded Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Finally, JMP Securities reiterated 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $131.14.

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.