Mr. Cooper Group Inc. (NASDAQ:COOP) Short Interest Update

Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 2,680,000 shares, a growth of 33.3% from the March 31st total of 2,010,000 shares. Based on an average daily trading volume, of 952,100 shares, the days-to-cover ratio is presently 2.8 days. Currently, 4.4% of the company's shares are sold short.

Analyst Ratings Changes

A number of brokerages have issued reports on COOP. JMP Securities reissued 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. Barclays lifted their price objective 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. Keefe, Bruyette & Woods increased their price target on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a report on Tuesday, April 8th. UBS Group boosted their price target on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Finally, Piper Sandler cut shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $125.00 to $143.00 in a report on Friday, April 4th. Three 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 presently has an average rating of "Moderate Buy" and an average target price of $131.14.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the business's 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 transaction, the chief executive officer now owns 698,821 shares in the company, valued at $78,435,669.04. The trade was a 4.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mr. Cooper Group

Institutional investors have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB grew its position 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 valued at $472,000 after purchasing an additional 4,863 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Mr. Cooper Group in the fourth quarter worth about $1,603,000. World Investment Advisors LLC bought a new position in shares of Mr. Cooper Group during the 3rd quarter valued at approximately $2,537,000. JPMorgan Chase & Co. raised its holdings in Mr. Cooper Group by 15.5% during the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock valued at $61,846,000 after buying an additional 86,510 shares during the period. Finally, Spire Wealth Management bought a new stake in shares of Mr. Cooper Group in the 4th quarter worth about $1,480,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

Mr. Cooper Group Trading Up 0.8 %

Mr. Cooper Group stock traded up $0.98 during midday trading on Friday, hitting $120.58. The stock had a trading volume of 753,284 shares, compared to its average volume of 574,827. The company has a market capitalization of $7.72 billion, a PE ratio of 11.84, a P/E/G ratio of 0.32 and a beta of 1.17. Mr. Cooper Group has a 52-week low of $78.20 and a 52-week high of $137.60. The firm's fifty day moving average is $112.15 and its two-hundred day moving average is $103.30.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, beating analysts' consensus estimates of $2.81 by $0.16. The business had revenue of $560.00 million for 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 business's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm earned $2.73 earnings per share. As a group, equities research analysts predict that Mr. Cooper Group will post 13.17 earnings per share for the current fiscal year.

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.