Sig Brokerage LP Purchases Shares of 2,215 Mr. Cooper Group Inc. (NASDAQ:COOP)

Sig Brokerage LP purchased a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,215 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COOP. Picton Mahoney Asset Management lifted its position in shares of Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock worth $31,000 after purchasing an additional 95 shares in the last quarter. Williamson Legacy Group LLC lifted its position in shares of Mr. Cooper Group by 1.1% during the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company’s stock worth $1,040,000 after purchasing an additional 118 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Mr. Cooper Group by 2.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company’s stock worth $479,000 after purchasing an additional 128 shares in the last quarter. Dakota Wealth Management lifted its position in shares of Mr. Cooper Group by 0.7% during the fourth quarter. Dakota Wealth Management now owns 27,695 shares of the company’s stock worth $2,659,000 after purchasing an additional 181 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Mr. Cooper Group by 5.6% during the fourth quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company’s stock worth $333,000 after purchasing an additional 184 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 value of $3,367,200.00. Following the transaction, the chief executive officer now directly owns 698,821 shares of the company’s stock, valued at $78,435,669.04. This represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on COOP. Piper Sandler downgraded shares of Mr. Cooper Group from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $125.00 to $143.00 in a research note on Friday, April 4th. JMP Securities reissued a “market outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Keefe, Bruyette & Woods boosted their price target on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 8th. Citizens Jmp downgraded shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 1st. Finally, Barclays boosted their price target 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.14.

Mr. Cooper Group Stock Performance

Shares of NASDAQ:COOP opened at $129.71 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 $8.30 billion, a PE ratio of 12.74, a PEG ratio of 0.32 and a beta of 1.06. The company has a 50 day moving average price of $114.42 and a two-hundred day moving average price of $105.08.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.16. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. The company had revenue of $560.00 million during the quarter, compared to the consensus estimate of $620.57 million. During the same quarter in the prior year, the firm earned $2.73 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. On average, sell-side analysts forecast 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.