Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,660 shares of the company’s stock after selling 123 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Mr. Cooper Group were worth $1,311,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of COOP. Picton Mahoney Asset Management grew its holdings in shares of Mr. Cooper Group by 41.3% during the 4th 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. Williamson Legacy Group LLC grew its stake in Mr. Cooper Group by 1.1% during the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company’s stock worth $1,040,000 after buying an additional 118 shares during the period. Commonwealth Equity Services LLC increased its position in shares of Mr. Cooper Group by 2.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company’s stock worth $479,000 after acquiring an additional 128 shares in the last quarter. Dakota Wealth Management raised its stake in shares of Mr. Cooper Group by 0.7% in the 4th quarter. Dakota Wealth Management now owns 27,695 shares of the company’s stock valued at $2,659,000 after acquiring an additional 181 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Mr. Cooper Group by 38.8% during the 4th quarter. Blue Trust Inc. now owns 794 shares of the company’s stock valued at $76,000 after acquiring an additional 222 shares in the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $71,700,996.29. This represents a 3.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.33% of the company’s stock.

Mr. Cooper Group Price Performance

NASDAQ COOP opened at $107.63 on Wednesday. The company’s fifty day moving average price is $105.75 and its two-hundred day moving average price is $98.33. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 0.32 and a beta of 1.49. Mr. Cooper Group Inc. has a 12 month low of $74.49 and a 12 month high of $114.05.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. As a group, analysts anticipate that Mr. Cooper Group Inc. will post 13.17 EPS for the current 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.