Zacks Investment Management Has $1.45 Million Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Zacks Investment Management raised its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 1.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 15,108 shares of the company’s stock after purchasing an additional 234 shares during the quarter. Zacks Investment Management’s holdings in Mr. Cooper Group were worth $1,451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management raised its holdings 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 acquiring an additional 95 shares in the last quarter. Williamson Legacy Group LLC raised its stake in shares of Mr. Cooper Group by 1.1% during the 4th 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 raised its stake in shares of Mr. Cooper Group by 2.6% during the 4th 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 holdings in shares of Mr. Cooper Group by 0.7% during the 4th quarter. Dakota Wealth Management now owns 27,695 shares of the company’s stock valued at $2,659,000 after buying an additional 181 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Mr. Cooper Group by 5.6% in the 4th quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company’s stock valued at $333,000 after buying an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Stock Down 1.3 %

Shares of NASDAQ:COOP opened at $111.21 on Friday. The business has a 50 day moving average price of $110.76 and a 200 day moving average price of $101.72. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a twelve month low of $75.61 and a twelve month high of $137.60.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. Analysts anticipate that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated Monday, March 3rd. The stock was 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 of the company’s stock, valued at $78,435,669.04. This trade represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Citizens Jmp lowered shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Piper Sandler lowered shares of Mr. Cooper Group from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $125.00 to $143.00 in a research note on Friday, April 4th. Keefe, Bruyette & Woods increased their target price on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Finally, Barclays upped their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $120.89.

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.