Mr. Cooper Group Inc (NASDAQ:COOP) Shares Bought by Morgan Stanley

Morgan Stanley boosted its holdings in shares of Mr. Cooper Group Inc (NASDAQ:COOP) by 3.9% in the first quarter, HoldingsChannel.com reports. The fund owned 2,664,977 shares of the company’s stock after buying an additional 99,848 shares during the quarter. Morgan Stanley’s holdings in Mr. Cooper Group were worth $19,533,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in Mr. Cooper Group by 927.8% during the first quarter. Nisa Investment Advisors LLC now owns 4,697 shares of the company’s stock worth $34,000 after acquiring an additional 4,240 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in shares of Mr. Cooper Group by 69.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 4,775 shares of the company’s stock valued at $35,000 after buying an additional 1,950 shares during the last quarter. Great West Life Assurance Co. Can acquired a new position in shares of Mr. Cooper Group in the fourth quarter valued at approximately $58,000. Synovus Financial Corp acquired a new position in shares of Mr. Cooper Group in the first quarter valued at approximately $81,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Mr. Cooper Group in the first quarter valued at approximately $90,000. Institutional investors own 82.94% of the company’s stock.

COOP opened at $12.33 on Wednesday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.39. Mr. Cooper Group Inc has a 52-week low of $4.31 and a 52-week high of $14.68. The company has a 50 day moving average of $11.36 and a two-hundred day moving average of $11.02. The company has a market cap of $1.13 billion, a P/E ratio of 2.58 and a beta of 1.25.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.03. Mr. Cooper Group had a negative net margin of 4.65% and a positive return on equity of 22.68%. The company had revenue of $278.00 million during the quarter, compared to the consensus estimate of $418.35 million. Research analysts anticipate that Mr. Cooper Group Inc will post 4.21 earnings per share for the current year.

COOP has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on shares of Mr. Cooper Group from $12.00 to $15.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Wedbush raised shares of Mr. Cooper Group from a “neutral” rating to an “outperform” rating and set a $13.00 price objective for the company in a research report on Friday, May 15th. Zacks Investment Research lowered shares of Mr. Cooper Group from a “hold” rating to a “sell” rating in a research report on Thursday, May 7th. BidaskClub upgraded shares of Mr. Cooper Group from a “hold” rating to a “buy” rating in a report on Thursday, June 18th. Finally, ValuEngine downgraded shares of Mr. Cooper Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.33.

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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Institutional Ownership by Quarter for Mr. Cooper Group (NASDAQ:COOP)

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