Bailard Inc. Sells 2,000 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Bailard Inc. decreased its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 24.7% during the 4th quarter, HoldingsChannel reports. The firm 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 reporting period.

A number of other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC bought a new stake in shares of Mr. Cooper Group during the fourth quarter worth $61,000. Federated Hermes Inc. boosted its holdings in shares of Mr. Cooper Group by 106.7% during the 4th quarter. Federated Hermes Inc. now owns 20,223 shares of the company’s stock valued at $1,317,000 after acquiring an additional 10,437 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Mr. Cooper Group by 38.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,331 shares of the company’s stock valued at $933,000 after acquiring an additional 3,951 shares in the last quarter. VELA Investment Management LLC increased its holdings 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 purchasing an additional 403 shares in the last quarter. Finally, Strs Ohio increased its holdings in Mr. Cooper Group by 23.9% in the 4th quarter. Strs Ohio now owns 5,700 shares of the company’s stock worth $371,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Stock Performance

Shares of COOP stock opened at $78.73 on Friday. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 8.24 and a beta of 1.38. Mr. Cooper Group Inc. has a 52-week low of $41.74 and a 52-week high of $81.98. The company has a 50-day simple moving average of $75.09 and a two-hundred day simple moving average of $66.73.

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

Analysts Set New Price Targets

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

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 25,000 shares of the 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 owns 334,631 shares in the company, valued at $26,131,334.79. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, President Michael S. Weinbach purchased 17,000 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the transaction, the president now directly owns 17,000 shares of the company’s stock, valued at $1,209,720. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 334,631 shares of the company’s stock, valued at approximately $26,131,334.79. The disclosure for this sale can be found here. Insiders have sold 75,000 shares of company stock worth $5,431,500 in the last ninety days. Company insiders own 2.33% of the company’s stock.

Mr. Cooper Group Profile

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.