No Street GP LP Acquires 125,000 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

No Street GP LP increased its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 29.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 550,000 shares of the company's stock after purchasing an additional 125,000 shares during the period. Mr. Cooper Group accounts for approximately 3.5% of No Street GP LP's holdings, making the stock its 13th largest position. No Street GP LP owned about 0.86% of Mr. Cooper Group worth $52,806,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of COOP. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Mr. Cooper Group by 9,175.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company's stock worth $472,000 after acquiring an additional 4,863 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Mr. Cooper Group during the fourth quarter worth approximately $1,603,000. JPMorgan Chase & Co. boosted its holdings in shares of Mr. Cooper Group by 15.5% during the fourth quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock worth $61,846,000 after acquiring an additional 86,510 shares during the period. Spire Wealth Management bought a new stake in shares of Mr. Cooper Group in the fourth quarter valued at approximately $1,480,000. Finally, F M Investments LLC bought a new stake in shares of Mr. Cooper Group in the fourth quarter valued at approximately $313,000. Institutional investors own 89.82% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on COOP. UBS Group boosted their price target on 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 Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their price target for the company from $125.00 to $143.00 in a research note on Friday, April 4th. Barclays boosted their price target 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. JMP Securities reaffirmed a "market outperform" rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods upped 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 report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $131.14.

Insider Transactions at Mr. Cooper Group

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 completion of the transaction, the chief executive officer now owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. This represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.33% of the company's stock.

Mr. Cooper Group Price Performance

COOP traded up $2.10 on Friday, hitting $131.81. 1,377,648 shares of the stock were exchanged, compared to its average volume of 598,761. Mr. Cooper Group Inc. has a 12 month low of $78.20 and a 12 month high of $138.35. The business has a 50-day moving average of $115.07 and a two-hundred day moving average of $105.36. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 0.32 and a beta of 1.06.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, topping analysts' consensus estimates of $2.81 by $0.16. The firm 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 revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.73 earnings per share. Equities research analysts expect 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.