Sei Investments Co. Sells 6,086 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Sei Investments Co. cut its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 12.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,807 shares of the company’s stock after selling 6,086 shares during the quarter. Sei Investments Co. owned 0.07% of Mr. Cooper Group worth $4,302,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Picton Mahoney Asset Management raised its stake in Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock worth $31,000 after buying an additional 95 shares during the period. Asset Planning Inc bought a new position in shares of Mr. Cooper Group during the 4th quarter valued at about $48,000. ORG Partners LLC acquired a new position in shares of Mr. Cooper Group in the 4th quarter valued at approximately $51,000. Blue Trust Inc. grew its position in shares of Mr. Cooper Group by 38.8% in the 4th quarter. Blue Trust Inc. now owns 794 shares of the company’s stock valued at $76,000 after purchasing an additional 222 shares during the period. Finally, Verition Fund Management LLC bought a new stake in Mr. Cooper Group during the 3rd quarter worth approximately $201,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Mr. Cooper Group Stock Up 6.8 %

Shares of NASDAQ:COOP opened at $133.56 on Thursday. Mr. Cooper Group Inc. has a 12-month low of $74.49 and a 12-month high of $137.60. The company’s 50 day moving average price is $107.42 and its two-hundred day moving average price is $99.39. The firm has a market cap of $8.49 billion, a PE ratio of 13.12, a PEG 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, topping 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%. On average, research analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Wall Street Analyst Weigh In

COOP has been the topic of several research reports. UBS Group boosted their price objective on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Piper Sandler boosted their price target on Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. JMP Securities reiterated a “market outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods upped their price target on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $112.22.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the completion of the transaction, the chief executive officer now 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.