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

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

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the sale, the chief executive officer now owns 698,821 shares in the company, valued at $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 is available at this hyperlink. Insiders own 1.73% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in Mr. Cooper Group during the fourth quarter valued at about $72,984,000. 140 Summer Partners LP bought a new stake in Mr. Cooper Group during the 4th quarter valued at approximately $69,959,000. Veridan Wealth LLC purchased a new position in Mr. Cooper Group in the 4th quarter worth approximately $56,244,000. 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 worth $109,346,000 after purchasing an additional 343,243 shares during the period. Finally, Cercano Management LLC grew its holdings in Mr. Cooper Group by 66.5% during the 4th quarter. Cercano Management LLC now owns 790,753 shares of the company's stock valued at $75,920,000 after buying an additional 315,801 shares in the last quarter. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Stock Down 0.7 %

Shares of NASDAQ COOP traded down $0.86 during midday trading on Tuesday, hitting $116.69. The stock had a trading volume of 201,014 shares, compared to its average volume of 573,375. Mr. Cooper Group has a 52 week low of $78.20 and a 52 week high of $137.60. The business's 50 day moving average is $112.28 and its 200-day moving average is $103.51. The company has a market cap of $7.47 billion, a P/E ratio of 11.47, a PEG ratio of 0.32 and a beta of 1.06.

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

Wall Street Analysts Forecast Growth

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

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.