MorganRosel Wealth Management LLC Sells 104 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

MorganRosel Wealth Management LLC lowered its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,390 shares of the company’s stock after selling 104 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in Mr. Cooper Group were worth $1,286,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dakota Wealth Management raised its position in Mr. Cooper Group by 0.7% during the fourth quarter. Dakota Wealth Management now owns 27,695 shares of the company’s stock valued at $2,659,000 after purchasing an additional 181 shares during the period. First Trust Direct Indexing L.P. lifted its position in shares of Mr. Cooper Group by 7.6% during the third quarter. First Trust Direct Indexing L.P. now owns 3,021 shares of the company’s stock worth $278,000 after purchasing an additional 213 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Mr. Cooper Group by 38.8% during the fourth quarter. Blue Trust Inc. now owns 794 shares of the company’s stock valued at $76,000 after purchasing an additional 222 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Mr. Cooper Group by 3.8% in the fourth quarter. CIBC Asset Management Inc now owns 6,366 shares of the company’s stock worth $611,000 after purchasing an additional 232 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its stake in Mr. Cooper Group by 152.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock worth $41,000 after buying an additional 270 shares during the period. 89.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total value of $2,834,700.00. Following the sale, the chief executive officer now directly owns 758,821 shares of the company’s stock, valued at $71,700,996.29. This represents a 3.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.33% of the company’s stock.

Mr. Cooper Group Price Performance

Shares of COOP stock opened at $109.74 on Tuesday. The stock’s fifty day moving average price is $101.01 and its 200 day moving average price is $96.08. Mr. Cooper Group Inc. has a 1-year low of $70.01 and a 1-year high of $111.39. The company has a market cap of $6.98 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 0.32 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts anticipate that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Wall Street Analyst Weigh In

COOP has been the subject of several research reports. Piper Sandler boosted their price objective on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. UBS Group lifted their price target on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods increased their price objective on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, February 13th. Barclays raised their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mr. Cooper Group has a consensus rating of “Moderate Buy” and a consensus price target of $112.22.

Mr. Cooper Group Profile

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.