Mr. Cooper Group Inc. (NASDAQ:COOP) Stock Holdings Increased by Boothbay Fund Management LLC

Boothbay Fund Management LLC increased its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 333.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,538 shares of the company's stock after acquiring an additional 38,881 shares during the quarter. Boothbay Fund Management LLC owned about 0.08% of Mr. Cooper Group worth $4,852,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management raised its stake in Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after acquiring an additional 95 shares in the last quarter. Asset Planning Inc acquired a new position in shares of Mr. Cooper Group during the fourth quarter worth about $48,000. ORG Partners LLC acquired a new position in shares of Mr. Cooper Group during the fourth quarter worth about $51,000. Covestor Ltd increased its stake in shares of Mr. Cooper Group by 418.9% during the fourth quarter. Covestor Ltd now owns 742 shares of the company's stock worth $71,000 after acquiring an additional 599 shares during the period. Finally, Blue Trust Inc. grew its position in Mr. Cooper Group by 38.8% during the fourth quarter. Blue Trust Inc. now owns 794 shares of the company's stock worth $76,000 after buying an additional 222 shares during the period. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mr. Cooper Group

In other 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 transaction of $3,367,200.00. Following the sale, the chief executive officer now directly owns 698,821 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Citizens Jmp lowered shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. UBS Group increased their target price on Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Barclays increased their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price objective 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. Finally, Piper Sandler cut Mr. Cooper Group from an "overweight" rating to a "neutral" rating and raised their price objective for the stock from $125.00 to $143.00 in a report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Mr. Cooper Group currently has a consensus rating of "Moderate Buy" and an average target price of $131.14.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock traded down $0.62 during midday trading on Wednesday, reaching $119.01. The stock had a trading volume of 530,123 shares, compared to its average volume of 571,868. Mr. Cooper Group Inc. has a twelve month low of $76.85 and a twelve month high of $137.60. The stock has a market capitalization of $7.61 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. The stock's 50-day simple moving average is $111.59 and its 200 day simple moving average is $102.82.

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

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.