Choreo LLC Has $253,000 Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)

Choreo LLC reduced its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,673 shares of the company’s stock after selling 239 shares during the period. Choreo LLC’s holdings in Mr. Cooper Group were worth $253,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. acquired a new stake in shares of Mr. Cooper Group in the third quarter valued at about $30,000. Harvest Fund Management Co. Ltd grew its stake in Mr. Cooper Group by 152.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after purchasing an additional 270 shares in the last quarter. ORG Partners LLC acquired a new position in shares of Mr. Cooper Group during the 4th quarter worth approximately $51,000. Harbor Capital Advisors Inc. bought a new stake in shares of Mr. Cooper Group during the 3rd quarter worth approximately $52,000. Finally, Blue Trust Inc. boosted its holdings in shares of Mr. Cooper Group by 71.8% in the 3rd quarter. Blue Trust Inc. now owns 572 shares of the company’s stock valued at $53,000 after buying an additional 239 shares during the last quarter. 89.82% of the stock is owned by institutional investors.

Insider Activity at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 758,821 shares in the company, valued at approximately $71,700,996.29. The trade was a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.33% of the stock is currently owned by corporate insiders.

Mr. Cooper Group Trading Down 0.7 %

Mr. Cooper Group stock opened at $107.86 on Friday. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 0.31 and a beta of 1.43. Mr. Cooper Group Inc. has a 12 month low of $70.01 and a 12 month high of $109.72. The stock’s 50 day moving average is $99.48 and its 200-day moving average is $94.99.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. As a group, equities research analysts predict that Mr. Cooper Group Inc. will post 10.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on COOP shares. Keefe, Bruyette & Woods boosted their target price on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday. Barclays upped their target price on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday. Piper Sandler lifted 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. Wedbush reissued an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Mr. Cooper Group presently has an average rating of “Moderate Buy” and an average price target of $109.38.

Mr. Cooper Group Company 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.