Schonfeld Strategic Advisors LLC Has $3.70 Million Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Schonfeld Strategic Advisors LLC cut its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 31.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 38,578 shares of the company's stock after selling 17,423 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.06% of Mr. Cooper Group worth $3,704,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Picton Mahoney Asset Management raised its position 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 worth $31,000 after purchasing an additional 95 shares during the period. Asset Planning Inc purchased a new position in Mr. Cooper Group in the 4th quarter worth about $48,000. ORG Partners LLC acquired a new stake in Mr. Cooper Group during the 4th quarter worth about $51,000. Covestor Ltd lifted its stake in Mr. Cooper Group by 418.9% during the fourth quarter. Covestor Ltd now owns 742 shares of the company's stock valued at $71,000 after buying an additional 599 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Mr. Cooper Group by 38.8% in 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. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Price Performance

COOP traded up $0.95 during trading on Wednesday, reaching $118.02. 961,486 shares of the stock traded hands, compared to its average volume of 577,018. The stock's 50-day simple moving average is $112.39 and its two-hundred day simple moving average is $103.60. Mr. Cooper Group Inc. has a fifty-two week low of $78.20 and a fifty-two week high of $137.60. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on COOP shares. Barclays boosted their price target on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Piper Sandler downgraded Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their price target for the company from $125.00 to $143.00 in a report on Friday, April 4th. 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 report on Tuesday, April 8th. Finally, JMP Securities restated 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $131.14.

Insider Activity

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. This trade represents a 4.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.73% of the stock is owned by insiders.

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.