Sanctuary Advisors LLC Decreases Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Sanctuary Advisors LLC trimmed its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 22.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,651 shares of the company’s stock after selling 4,192 shares during the quarter. Sanctuary Advisors LLC’s holdings in Mr. Cooper Group were worth $1,407,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp raised its position in Mr. Cooper Group by 1.9% in the 3rd quarter. State Street Corp now owns 2,726,946 shares of the company’s stock worth $251,370,000 after purchasing an additional 51,667 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Mr. Cooper Group by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock worth $84,471,000 after acquiring an additional 52,001 shares during the period. Basswood Capital Management L.L.C. increased its position in shares of Mr. Cooper Group by 36.6% during the third quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company’s stock worth $45,744,000 after acquiring an additional 132,970 shares during the period. FMR LLC increased its position in shares of Mr. Cooper Group by 42.9% during the third quarter. FMR LLC now owns 485,907 shares of the company’s stock worth $44,791,000 after acquiring an additional 145,767 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Mr. Cooper Group by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 363,752 shares of the company’s stock worth $34,924,000 after acquiring an additional 13,173 shares during the period. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the completion of the transaction, the chief executive officer now owns 788,821 shares in the company, valued at approximately $76,973,153.18. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on COOP shares. UBS Group raised their target price on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. JMP Securities reaffirmed a “market outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Keefe, Bruyette & Woods increased their price objective 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. Piper Sandler increased 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 note on Wednesday, January 22nd. Finally, Citizens Jmp upgraded shares of Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.22.

Mr. Cooper Group Trading Up 1.2 %

Shares of COOP opened at $111.06 on Wednesday. Mr. Cooper Group Inc. has a twelve month low of $70.01 and a twelve month high of $112.51. The firm’s fifty day simple moving average is $101.26 and its 200-day simple moving average is $96.25. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 0.32 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results 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 net margin of 30.07% and a return on equity of 14.76%. On average, analysts predict that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

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.