3,620 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Purchased by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. bought a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP) during the fourth quarter, HoldingsChannel.com reports. The fund bought 3,620 shares of the company’s stock, valued at approximately $348,000.

Several other institutional investors have also recently bought and sold shares of COOP. 140 Summer Partners LP bought a new position in shares of Mr. Cooper Group in the 4th quarter valued at about $69,959,000. Mercer Global Advisors Inc. ADV boosted its position in Mr. Cooper Group by 13.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,462 shares of the company’s stock valued at $908,000 after purchasing an additional 1,140 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in Mr. Cooper Group in the fourth quarter valued at approximately $70,000. Lido Advisors LLC increased its position in shares of Mr. Cooper Group by 28.0% during the 4th quarter. Lido Advisors LLC now owns 3,247 shares of the company’s stock worth $312,000 after purchasing an additional 711 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Mr. Cooper Group by 6.8% during the 4th quarter. Northern Trust Corp now owns 835,369 shares of the company’s stock worth $80,204,000 after purchasing an additional 53,534 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Stock Performance

COOP stock opened at $120.58 on Friday. Mr. Cooper Group Inc. has a 52 week low of $78.20 and a 52 week high of $137.60. The company has a market capitalization of $7.72 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06. The company’s 50-day simple moving average is $112.15 and its 200 day simple moving average is $103.30.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.81 by $0.16. The company had revenue of $560.00 million for the quarter, compared to analysts’ expectations of $620.57 million. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $2.73 earnings per share. On average, analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Wall Street Analysts Forecast Growth

COOP has been the subject of several analyst reports. UBS Group raised their target price on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. Barclays boosted their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Keefe, Bruyette & Woods increased their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a “market perform” rating in a research report on Tuesday, April 8th. Finally, Citizens Jmp downgraded shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Mr. Cooper Group has an average rating of “Moderate Buy” and a consensus price target of $131.14.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were 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 in the company, valued at $78,435,669.04. This represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.73% of the company’s stock.

About Mr. Cooper Group

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.