Bailard Inc. Sells 500 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Bailard Inc. lowered its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 5.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,200 shares of the company’s stock after selling 500 shares during the quarter. Bailard Inc.’s holdings in Mr. Cooper Group were worth $787,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in COOP. Harvest Fund Management Co. Ltd lifted its holdings 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 purchasing an additional 270 shares during the last quarter. Asset Planning Inc bought a new position in shares of Mr. Cooper Group in the fourth quarter valued at approximately $48,000. ORG Partners LLC bought a new position in shares of Mr. Cooper Group in the fourth quarter valued at approximately $51,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Mr. Cooper Group in the third quarter worth $52,000. Finally, Blue Trust Inc. boosted its holdings in shares of Mr. Cooper Group by 38.8% during the 4th quarter. Blue Trust Inc. now owns 794 shares of the company’s stock worth $76,000 after buying an additional 222 shares during the period. Institutional investors own 89.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on COOP. Citizens Jmp upgraded shares of Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods lifted 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. JMP Securities reissued a “market outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Barclays raised their target price on Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, Piper Sandler upped their price target on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $112.22.

Mr. Cooper Group Trading Down 1.2 %

COOP opened at $110.98 on Tuesday. The stock’s 50 day simple moving average is $102.64 and its 200-day simple moving average is $96.93. The stock has a market cap of $7.06 billion, a PE ratio of 10.90, a P/E/G ratio of 0.32 and a beta of 1.43. Mr. Cooper Group Inc. has a 1 year low of $70.01 and a 1 year high of $114.05.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings results 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%. Equities analysts forecast that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the completion of the sale, the chief executive officer now owns 758,821 shares in the company, valued at $71,700,996.29. This trade represents a 3.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.33% of the company’s stock.

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.