Boothbay Fund Management LLC Acquires 38,881 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Boothbay Fund Management LLC grew its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 333.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,538 shares of the company's stock after purchasing an additional 38,881 shares during the quarter. Boothbay Fund Management LLC owned about 0.08% of Mr. Cooper Group worth $4,852,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in COOP. Barclays PLC increased its position in Mr. Cooper Group by 198.0% in the 3rd quarter. Barclays PLC now owns 132,017 shares of the company's stock valued at $12,170,000 after acquiring an additional 87,712 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Mr. Cooper Group in the third quarter valued at approximately $2,537,000. Tidal Investments LLC bought a new position in Mr. Cooper Group in the 3rd quarter worth approximately $2,459,000. Oliver Luxxe Assets LLC lifted its holdings in Mr. Cooper Group by 5.8% during the 4th quarter. Oliver Luxxe Assets LLC now owns 41,535 shares of the company's stock worth $3,988,000 after buying an additional 2,259 shares in the last quarter. Finally, Range Financial Group LLC bought a new position in Mr. Cooper Group in the 4th quarter valued at $1,091,000. Institutional investors own 89.82% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on COOP shares. UBS Group raised 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. JMP Securities reaffirmed a "market outperform" rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Barclays increased their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Citizens Jmp cut shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods increased their target price on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $131.14.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the transaction, the chief executive officer now directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.33% of the company's stock.

Mr. Cooper Group Stock Up 0.3 %

COOP traded up $0.36 during trading on Friday, hitting $119.96. The company had a trading volume of 427,059 shares, compared to its average volume of 572,215. The firm's 50-day moving average price is $111.96 and its 200 day moving average price is $103.09. Mr. Cooper Group Inc. has a one year low of $77.54 and a one year high of $137.60. The company has a market capitalization of $7.68 billion, a PE ratio of 11.78, a PEG 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, April 23rd. The company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.16. The company had revenue of $560.00 million during the quarter, compared to analysts' expectations of $620.57 million. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. The business's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $2.73 EPS. Sell-side analysts forecast that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

About Mr. Cooper Group

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.