Smartleaf Asset Management LLC Decreases Stock Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Smartleaf Asset Management LLC reduced its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 34.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,233 shares of the company’s stock after selling 636 shares during the period. Smartleaf Asset Management LLC’s holdings in Mr. Cooper Group were worth $117,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd raised its stake in Mr. Cooper Group by 152.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after buying an additional 270 shares during the last quarter. Asset Planning Inc purchased a new stake in Mr. Cooper Group in the fourth quarter valued at about $48,000. ORG Partners LLC purchased a new stake in Mr. Cooper Group in the fourth quarter valued at about $51,000. Harbor Capital Advisors Inc. purchased a new stake in Mr. Cooper Group in the third quarter valued at about $52,000. Finally, Blue Trust Inc. raised its stake in Mr. Cooper Group by 38.8% in the fourth quarter. Blue Trust Inc. now owns 794 shares of the company’s stock valued at $76,000 after buying an additional 222 shares during the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on COOP. Piper Sandler increased their price target on Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. UBS Group increased their price target on Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. JMP Securities restated a “market outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Finally, Barclays raised their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Two equities research 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $112.22.

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm’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 sale, the chief executive officer now directly owns 698,821 shares of the company’s stock, valued at $78,435,669.04. This trade represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.33% of the stock is owned by corporate insiders.

Mr. Cooper Group Stock Down 1.3 %

Mr. Cooper Group stock opened at $106.19 on Friday. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 0.32 and a beta of 1.49. Mr. Cooper Group Inc. has a 52 week low of $70.88 and a 52 week high of $114.05. The business’s 50-day moving average price is $103.45 and its 200 day moving average price is $97.22.

Mr. Cooper Group (NASDAQ:COOP) last posted its 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 return on equity of 14.76% and a net margin of 30.07%. Equities analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

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.