Clark Capital Management Group Inc. Buys 22,367 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Clark Capital Management Group Inc. increased its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 40.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,379 shares of the company's stock after purchasing an additional 22,367 shares during the quarter. Clark Capital Management Group Inc. owned about 0.12% of Mr. Cooper Group worth $7,429,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Picton Mahoney Asset Management grew its stake in shares of Mr. Cooper Group by 41.3% during 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 last quarter. Asset Planning Inc bought a new position in Mr. Cooper Group in the fourth quarter valued at approximately $48,000. ORG Partners LLC acquired a new stake in Mr. Cooper Group during the 4th quarter worth $51,000. Kapitalo Investimentos Ltda bought a new stake in shares of Mr. Cooper Group during the 4th quarter valued at $70,000. Finally, Covestor Ltd lifted its stake in shares of 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 purchasing an additional 599 shares during the period. 89.82% of the stock is owned by institutional investors.

Mr. Cooper Group Stock Up 7.7%

Shares of COOP traded up $9.15 on Tuesday, hitting $128.35. The company's stock had a trading volume of 1,381,004 shares, compared to its average volume of 588,862. The firm's fifty day moving average price is $112.97 and its 200-day moving average price is $104.49. Mr. Cooper Group Inc. has a fifty-two week low of $78.20 and a fifty-two week high of $137.60. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 0.32 and a beta of 1.06.

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 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 company had revenue of $560.00 million during the quarter, compared to analysts' expectations of $620.57 million. During the same quarter in the prior year, the company earned $2.73 earnings per share. The business's quarterly revenue was down .7% compared to the same quarter last year. As a group, equities analysts predict that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their target price for the stock from $125.00 to $143.00 in a research report on Friday, April 4th. JMP Securities reiterated a "market outperform" rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Keefe, Bruyette & Woods lifted their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 8th. Finally, Barclays upped their target price on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Mr. Cooper Group presently has an average rating of "Moderate Buy" and a consensus target price of $131.14.

Insider Activity 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 dated 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 sale, the chief executive officer now owns 698,821 shares of the company's stock, valued at $78,435,669.04. This trade represents a 4.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.73% of the stock is currently 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.