Mr. Cooper Group Inc. (NASDAQ:COOP) Stock Holdings Lowered by Bailard Inc.

Bailard Inc. cut its position in Mr. Cooper Group Inc. (NASDAQ:COOP) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,200 shares of the company’s stock after selling 500 shares during the quarter. Bailard Inc.’s holdings in Mr. Cooper Group were worth $787,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Veridan Wealth LLC bought a new position in shares of Mr. Cooper Group during the 4th quarter valued at about $56,244,000. FMR LLC lifted its stake in Mr. Cooper Group by 42.9% during the third quarter. FMR LLC now owns 485,907 shares of the company’s stock valued at $44,791,000 after purchasing an additional 145,767 shares during the last quarter. Basswood Capital Management L.L.C. boosted its holdings in Mr. Cooper Group by 36.6% during the third quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company’s stock worth $45,744,000 after buying an additional 132,970 shares in the last quarter. Barclays PLC grew its position in Mr. Cooper Group by 198.0% in the third quarter. Barclays PLC now owns 132,017 shares of the company’s stock worth $12,170,000 after buying an additional 87,712 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Mr. Cooper Group by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock valued at $84,471,000 after buying an additional 52,001 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Stock Down 1.2 %

COOP stock opened at $110.98 on Tuesday. The company has a 50 day moving average of $102.64 and a two-hundred day moving average of $96.93. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 0.32 and a beta of 1.43. Mr. Cooper Group Inc. has a 12-month low of $70.01 and a 12-month high of $114.05.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 anticipate that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on COOP. Piper Sandler lifted their target price on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. JMP Securities reiterated a “market outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Barclays boosted their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, UBS Group lifted 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 investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.22.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the business’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 value of $2,834,700.00. Following the completion of the sale, the chief executive officer now owns 758,821 shares of the company’s stock, valued at approximately $71,700,996.29. The trade was a 3.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.33% of the company’s stock.

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.