Texas Permanent School Fund lowered its stake in Mr. Cooper Group Inc. (NASDAQ:COOP – Get Rating) by 7.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,440 shares of the company’s stock after selling 4,090 shares during the quarter. Texas Permanent School Fund owned 0.07% of Mr. Cooper Group worth $1,904,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its holdings in Mr. Cooper Group by 55.1% in the third quarter. Federated Hermes Inc. now owns 752 shares of the company’s stock worth $30,000 after purchasing an additional 267 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Mr. Cooper Group by 54.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 986 shares of the company’s stock worth $40,000 after acquiring an additional 349 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Mr. Cooper Group by 843.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,368 shares of the company’s stock worth $55,000 after acquiring an additional 1,223 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Mr. Cooper Group by 430.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock worth $85,000 after acquiring an additional 1,702 shares during the last quarter. Finally, Evergreen Capital Management LLC purchased a new position in shares of Mr. Cooper Group during the 1st quarter worth $201,000. Hedge funds and other institutional investors own 83.91% of the company’s stock.
Insider Buying and Selling at Mr. Cooper Group
In other news, CEO Jesse K. Bray sold 21,000 shares of the business’s stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of $38.88, for a total value of $816,480.00. Following the sale, the chief executive officer now directly owns 624,871 shares in the company, valued at approximately $24,294,984.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 63,000 shares of company stock worth $2,783,550. Insiders own 3.11% of the company’s stock.
Mr. Cooper Group Stock Performance
Mr. Cooper Group (NASDAQ:COOP – Get Rating) last announced its quarterly earnings results on Friday, February 10th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The company had revenue of $303.00 million for the quarter, compared to the consensus estimate of $360.00 million. Mr. Cooper Group had a net margin of 17.34% and a return on equity of 4.94%. As a group, analysts forecast that Mr. Cooper Group Inc. will post 5.33 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on COOP. Barclays lifted their price target on shares of Mr. Cooper Group from $41.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, February 13th. Wedbush restated an “outperform” rating on shares of Mr. Cooper Group in a research report on Monday, February 13th. Finally, Credit Suisse Group restated an “outperform” rating and set a $57.00 price objective on shares of Mr. Cooper Group in a research report on Monday, February 13th.
Mr. Cooper Group Profile
Mr. Cooper Group, Inc engages in the provision of residential loan services. It operated through the following segments: Servicing, and Originations. The Servicing segment consists of collecting loan payments, remitting principal and interest payments to investors, managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance, performing loss mitigation activities on behalf of investors and otherwise administering mortgage loan servicing portfolio.
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