Diamond Hill Capital Management Inc. Sells 112,580 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Diamond Hill Capital Management Inc. decreased its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 5.5% in the fourth quarter, HoldingsChannel reports. The firm owned 1,942,176 shares of the company’s stock after selling 112,580 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Mr. Cooper Group were worth $186,468,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its position in Mr. Cooper Group by 9,175.5% during the 4th 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 during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Mr. Cooper Group by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock worth $84,471,000 after acquiring an additional 52,001 shares in the last quarter. Cynosure Group LLC bought a new position in shares of Mr. Cooper Group in the 3rd quarter worth approximately $730,000. World Investment Advisors LLC bought a new position in shares of Mr. Cooper Group in the 3rd quarter worth approximately $2,537,000. Finally, Spire Wealth Management bought a new position in shares of Mr. Cooper Group in the 4th quarter worth approximately $1,480,000. Institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Stock Down 1.8 %

COOP stock opened at $98.86 on Friday. Mr. Cooper Group Inc. has a twelve month low of $72.00 and a twelve month high of $114.05. The firm has a market cap of $6.29 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 0.32 and a beta of 1.49. The business has a 50 day moving average of $103.96 and a 200 day moving average of $97.55.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. On average, research analysts expect that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the sale, the chief executive officer now directly owns 758,821 shares in the company, valued at approximately $71,700,996.29. This trade represents a 3.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.33% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on COOP shares. JMP Securities reissued a “market outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. UBS Group increased their target price on Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Piper Sandler increased their target price on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Barclays increased their target price on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mr. Cooper Group currently has an average rating of “Moderate Buy” and an average target price of $112.22.

Mr. Cooper Group 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.