Schonfeld Strategic Advisors LLC Sells 17,423 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Schonfeld Strategic Advisors LLC cut its stake in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 31.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,578 shares of the company's stock after selling 17,423 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 0.06% of Mr. Cooper Group worth $3,704,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of 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 during the last quarter. Tidal Investments LLC purchased a new stake in Mr. Cooper Group during the 3rd quarter worth approximately $2,459,000. Oliver Luxxe Assets LLC lifted its holdings in Mr. Cooper Group by 5.8% in the 4th quarter. Oliver Luxxe Assets LLC now owns 41,535 shares of the company's stock valued at $3,988,000 after purchasing an additional 2,259 shares in the last quarter. Range Financial Group LLC purchased a new position in shares of Mr. Cooper Group in the fourth quarter worth about $1,091,000. Finally, ORG Partners LLC acquired a new position in shares of Mr. Cooper Group during the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 89.82% of the company's stock.

Wall Street Analysts Forecast Growth

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

Mr. Cooper Group Price Performance

Mr. Cooper Group stock traded down $2.32 during midday trading on Friday, hitting $116.67. 634,187 shares of the stock were exchanged, compared to its average volume of 580,227. The company has a 50 day moving average price of $112.67 and a two-hundred day moving average price of $103.89. The firm has a market cap of $7.47 billion, a P/E ratio of 11.46, a P/E/G ratio of 0.32 and a beta of 1.06. Mr. Cooper Group Inc. has a 1 year low of $78.20 and a 1 year high of $137.60.

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

Insider Buying and Selling

In related 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 value of $3,367,200.00. Following the transaction, the chief executive officer now owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. This trade represents a 4.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.73% of the stock is owned by corporate insiders.

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.