Edgestream Partners L.P. Lowers Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Edgestream Partners L.P. trimmed its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 32.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 58,394 shares of the company’s stock after selling 27,558 shares during the quarter. Edgestream Partners L.P. owned about 0.09% of Mr. Cooper Group worth $5,606,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Mr. Cooper Group in the 4th quarter worth $4,081,000. Assetmark Inc. boosted its position in shares of Mr. Cooper Group by 4.9% during the fourth quarter. Assetmark Inc. now owns 11,668 shares of the company’s stock valued at $1,120,000 after buying an additional 541 shares during the last quarter. Sage Rhino Capital LLC bought a new stake in Mr. Cooper Group in the 4th quarter worth about $201,000. Williamson Legacy Group LLC raised its position in Mr. Cooper Group by 1.1% in the 4th quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company’s stock worth $1,040,000 after buying an additional 118 shares during the last quarter. Finally, Veridan Wealth LLC bought a new position in Mr. Cooper Group during the 4th quarter valued at about $56,244,000. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Stock Performance

NASDAQ COOP opened at $106.19 on Friday. The business’s fifty day moving average is $103.45 and its 200 day moving average is $97.22. Mr. Cooper Group Inc. has a fifty-two week low of $70.88 and a fifty-two week high of $114.05. The company has a market capitalization of $6.75 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 0.32 and a beta of 1.49.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. On average, sell-side analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Analyst Upgrades and Downgrades

COOP has been the subject of a number of research analyst reports. Piper Sandler lifted their price target on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their target price on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, February 13th. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Finally, Barclays increased 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. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.22.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the sale, the chief executive officer now directly owns 698,821 shares in the company, valued at $78,435,669.04. This trade represents a 4.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.33% of the company’s stock.

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.