PointState Capital LP Takes $9.79 Million Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

PointState Capital LP purchased a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 101,948 shares of the company's stock, valued at approximately $9,788,000. PointState Capital LP owned 0.16% of Mr. Cooper Group at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Invesco Ltd. increased its holdings in shares of Mr. Cooper Group by 5.2% during the 4th quarter. Invesco Ltd. now owns 1,800,369 shares of the company's stock valued at $172,853,000 after acquiring an additional 89,544 shares during the last quarter. Wellington Management Group LLP boosted its stake in Mr. Cooper Group by 43.1% in the 4th quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock valued at $109,346,000 after buying an additional 343,243 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Mr. Cooper Group by 16.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock worth $83,712,000 after purchasing an additional 125,897 shares in the last quarter. Northern Trust Corp lifted its stake in shares of 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 acquiring an additional 53,534 shares during the period. Finally, Cercano Management LLC lifted its stake in shares of Mr. Cooper Group by 66.5% during the fourth quarter. Cercano Management LLC now owns 790,753 shares of the company's stock valued at $75,920,000 after acquiring an additional 315,801 shares during the period. 89.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 698,821 shares in the company, valued at $78,435,669.04. This trade represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.73% of the company's stock.

Analyst Upgrades and Downgrades

COOP has been the topic of several research reports. JMP Securities reaffirmed a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Keefe, Bruyette & Woods upped their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research note on Tuesday, April 8th. Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and upped their price target for the company from $125.00 to $143.00 in a research note on Friday, April 4th. Barclays upped 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. Finally, UBS Group upped their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $131.14.

Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock traded up $1.54 during trading hours on Tuesday, hitting $130.91. The company's stock had a trading volume of 364,959 shares, compared to its average volume of 599,796. Mr. Cooper Group Inc. has a 12 month low of $78.20 and a 12 month high of $138.35. The stock has a 50 day moving average of $115.65 and a 200 day moving average of $105.87. The company has a market capitalization of $8.38 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06.

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

Mr. Cooper Group Company 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.