No Street GP LP Increases Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

No Street GP LP lifted its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 29.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 550,000 shares of the company’s stock after buying an additional 125,000 shares during the quarter. Mr. Cooper Group makes up 3.5% of No Street GP LP’s holdings, making the stock its 13th largest holding. No Street GP LP owned 0.86% of Mr. Cooper Group worth $52,806,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Picton Mahoney Asset Management boosted its holdings in shares of Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock valued at $31,000 after purchasing an additional 95 shares during the last quarter. Asset Planning Inc bought a new stake in Mr. Cooper Group in the 4th quarter worth approximately $48,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $70,000. Covestor Ltd boosted its position in shares of Mr. Cooper Group by 418.9% during the 4th quarter. Covestor Ltd now owns 742 shares of the company’s stock valued at $71,000 after acquiring an additional 599 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Mr. Cooper Group by 38.8% in the fourth quarter. Blue Trust Inc. now owns 794 shares of the company’s stock worth $76,000 after purchasing an additional 222 shares during the last quarter. Institutional investors own 89.82% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on COOP shares. JMP Securities restated a “market outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. UBS Group increased their price target on Mr. Cooper Group from $135.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. Barclays lifted their price objective on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. Citizens Jmp cut shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Finally, Piper Sandler lowered shares of Mr. Cooper Group from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $125.00 to $143.00 in a report on Friday, April 4th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.14.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. This trade represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.33% of the company’s stock.

Mr. Cooper Group Price Performance

Mr. Cooper Group stock opened at $128.35 on Wednesday. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06. The firm has a 50-day moving average of $113.39 and a two-hundred day moving average of $104.65. Mr. Cooper Group Inc. has a 1 year low of $78.20 and a 1 year high of $137.60.

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

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.