Teachers Retirement System of The State of Kentucky Has $4.41 Million Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)

Teachers Retirement System of The State of Kentucky raised its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 97.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,896 shares of the company's stock after buying an additional 22,659 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.07% of Mr. Cooper Group worth $4,406,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in 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 acquired a new stake in Mr. Cooper Group during the 4th quarter worth about $48,000. ORG Partners LLC purchased a new stake in Mr. Cooper Group during the fourth quarter valued at about $51,000. Covestor Ltd boosted its holdings in shares of Mr. Cooper Group by 418.9% in the fourth quarter. Covestor Ltd now owns 742 shares of the company's stock worth $71,000 after buying an additional 599 shares during the period. Finally, Blue Trust Inc. increased its position 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 acquiring an additional 222 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company's stock.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of the company'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 completion of the sale, the chief executive officer now owns 698,821 shares in the company, valued at approximately $78,435,669.04. This represents a 4.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.33% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group upped their price target on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. JMP Securities reiterated a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, February 13th. Barclays increased their price objective on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods raised their price objective on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Mr. Cooper Group presently has an average rating of "Moderate Buy" and an average price target of $131.14.

Mr. Cooper Group Stock Performance

Shares of Mr. Cooper Group stock traded up $0.48 during trading on Monday, hitting $117.20. 144,040 shares of the stock traded hands, compared to its average volume of 568,684. The company has a fifty day moving average price of $111.25 and a two-hundred day moving average price of $102.56. Mr. Cooper Group Inc. has a twelve month low of $76.85 and a twelve month high of $137.60. The stock has a market cap of $7.50 billion, a P/E ratio of 11.52, a PEG ratio of 0.32 and a beta of 1.17.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.81 by $0.16. The company had revenue of $560.00 million during the quarter, compared to the consensus estimate of $620.57 million. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. On average, equities research analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal 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.