Crossmark Global Holdings Inc. trimmed its position in Mr. Cooper Group Inc. (NASDAQ:COOP – Get Rating) by 5.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,710 shares of the company's stock after selling 350 shares during the period. Crossmark Global Holdings Inc.'s holdings in Mr. Cooper Group were worth $307,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of COOP. State Street Corp boosted its holdings in Mr. Cooper Group by 7.0% in the 4th quarter. State Street Corp now owns 3,378,971 shares of the company's stock worth $140,599,000 after buying an additional 221,443 shares during the last quarter. Cobalt Capital Management Inc. boosted its holdings in Mr. Cooper Group by 82.4% in the 4th quarter. Cobalt Capital Management Inc. now owns 456,000 shares of the company's stock worth $18,974,000 after buying an additional 206,000 shares during the last quarter. Symmetry Investments LP acquired a new stake in Mr. Cooper Group in the 4th quarter worth about $7,764,000. Invesco Ltd. lifted its stake in Mr. Cooper Group by 29.5% in the 4th quarter. Invesco Ltd. now owns 806,446 shares of the company's stock worth $33,556,000 after purchasing an additional 183,810 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Mr. Cooper Group by 1,028.2% in the 4th quarter. Renaissance Technologies LLC now owns 152,299 shares of the company's stock worth $6,337,000 after purchasing an additional 138,800 shares in the last quarter. 86.68% of the stock is currently owned by institutional investors and hedge funds.
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Analysts Set New Price Targets
A number of research analysts have weighed in on COOP shares. Credit Suisse Group decreased their target price on shares of Mr. Cooper Group to $55.00 in a research note on Friday, July 22nd. Barclays reduced their price target on shares of Mr. Cooper Group from $44.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Monday, July 11th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $57.25.
Mr. Cooper Group Stock Performance
COOP stock opened at $40.96 on Friday. The firm has a market cap of $2.93 billion, a PE ratio of 2.57 and a beta of 1.49. The firm's 50 day moving average price is $41.76 and its 200-day moving average price is $43.82. Mr. Cooper Group Inc. has a one year low of $35.81 and a one year high of $52.34.
Mr. Cooper Group (NASDAQ:COOP – Get Rating) last announced its earnings results on Wednesday, July 27th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.15. The company had revenue of $599.00 million for the quarter, compared to analyst estimates of $434.70 million. Mr. Cooper Group had a return on equity of 11.01% and a net margin of 39.35%. Equities research analysts predict that Mr. Cooper Group Inc. will post 2.84 EPS for the current fiscal year.
Insider Buying and Selling at Mr. Cooper Group
In other Mr. Cooper Group news, CEO Jesse K. Bray sold 46,000 shares of the business's stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $38.32, for a total value of $1,762,720.00. Following the sale, the chief executive officer now owns 654,767 shares of the company's stock, valued at $25,090,671.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 138,000 shares of company stock valued at $5,610,160 over the last quarter. 2.59% of the stock is owned by company insiders.
Mr. Cooper Group Profile
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Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related to single-family residences in the United States. The company operates through two segments: Servicing and Originations. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.
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