Mr. Cooper Group Inc. (NASDAQ:COOP) Stake Trimmed by Bailard Inc.

Bailard Inc. cut its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 24.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,100 shares of the company’s stock after selling 2,000 shares during the quarter. Bailard Inc.’s holdings in Mr. Cooper Group were worth $397,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC grew its stake in Mr. Cooper Group by 1.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 12,642 shares of the company’s stock valued at $823,000 after acquiring an additional 180 shares in the last quarter. Arizona State Retirement System grew its position in Mr. Cooper Group by 1.5% during the fourth quarter. Arizona State Retirement System now owns 18,688 shares of the company’s stock valued at $1,217,000 after purchasing an additional 279 shares in the last quarter. Oliver Luxxe Assets LLC increased its stake in Mr. Cooper Group by 1.6% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 19,794 shares of the company’s stock valued at $1,060,000 after buying an additional 313 shares during the period. VELA Investment Management LLC lifted its position in Mr. Cooper Group by 7.0% in the 4th quarter. VELA Investment Management LLC now owns 6,146 shares of the company’s stock worth $400,000 after buying an additional 403 shares in the last quarter. Finally, Natixis Advisors L.P. boosted its stake in shares of Mr. Cooper Group by 2.5% during the 3rd quarter. Natixis Advisors L.P. now owns 18,616 shares of the company’s stock valued at $997,000 after buying an additional 458 shares during the period. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $78.09, for a total transaction of $1,952,250.00. Following the completion of the transaction, the chief executive officer now directly owns 334,631 shares of the company’s stock, valued at approximately $26,131,334.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mr. Cooper Group news, President Michael S. Weinbach acquired 17,000 shares of Mr. Cooper Group stock in a transaction on Tuesday, February 13th. The shares were bought at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the purchase, the president now owns 17,000 shares in the company, valued at $1,209,720. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $78.09, for a total value of $1,952,250.00. Following the sale, the chief executive officer now owns 334,631 shares in the company, valued at approximately $26,131,334.79. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,000 shares of company stock valued at $5,431,500. 2.33% of the stock is owned by insiders.

Mr. Cooper Group Stock Down 0.0 %

Mr. Cooper Group stock opened at $78.73 on Friday. Mr. Cooper Group Inc. has a 12 month low of $41.74 and a 12 month high of $81.98. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 8.24 and a beta of 1.38. The business has a 50 day moving average price of $75.09 and a two-hundred day moving average price of $66.73.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, April 24th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.17. The company had revenue of $564.00 million during the quarter, compared to the consensus estimate of $498.15 million. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%. On average, analysts expect that Mr. Cooper Group Inc. will post 9.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

COOP has been the topic of several research reports. Barclays upped their target price on Mr. Cooper Group from $85.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday. Wedbush raised their price objective on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday. Jefferies Financial Group lifted their target price on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Mr. Cooper Group from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $92.00 price objective (up previously from $86.00) on shares of Mr. Cooper Group in a research note on Thursday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.22.

About Mr. Cooper Group

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.