Shares of Mr. Cooper Group Inc (NASDAQ:COOP) have been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $17.00.
Several equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BTIG Research reissued a “buy” rating and set a $21.00 price objective on shares of Mr. Cooper Group in a research note on Sunday, August 4th. Finally, Wedbush upped their price objective on shares of Mr. Cooper Group from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd.
Shares of NASDAQ COOP traded up $0.01 on Friday, hitting $10.78. The company’s stock had a trading volume of 14,306 shares, compared to its average volume of 855,069. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 3.57. The stock has a 50 day moving average of $9.94 and a 200-day moving average of $8.83. Mr. Cooper Group has a 12-month low of $6.57 and a 12-month high of $16.53.
Several institutional investors and hedge funds have recently made changes to their positions in COOP. Dimensional Fund Advisors LP purchased a new position in shares of Mr. Cooper Group during the fourth quarter valued at approximately $12,531,000. Citadel Advisors LLC purchased a new position in Mr. Cooper Group during the second quarter worth approximately $5,690,000. Nomura Holdings Inc. raised its stake in Mr. Cooper Group by 285.3% during the second quarter. Nomura Holdings Inc. now owns 681,521 shares of the company’s stock worth $5,474,000 after purchasing an additional 504,655 shares during the period. Diamond Hill Capital Management Inc. raised its stake in Mr. Cooper Group by 6.1% during the second quarter. Diamond Hill Capital Management Inc. now owns 8,604,829 shares of the company’s stock worth $68,925,000 after purchasing an additional 498,309 shares during the period. Finally, Nuveen Asset Management LLC purchased a new position in Mr. Cooper Group during the second quarter worth approximately $2,657,000. 83.25% of the stock is currently owned by institutional investors and hedge funds.
Mr. Cooper Group Company Profile
Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. The company operates through three segments: Servicing, Originations, and Xome. The Servicing segment performs activities for originated and purchased loans, as well as operates as a subservicer for various clients that own the underlying servicing rights.
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