Teacher Retirement System of Texas reduced its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP – Get Rating) by 26.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,770 shares of the company’s stock after selling 7,642 shares during the period. Teacher Retirement System of Texas’ holdings in Mr. Cooper Group were worth $834,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. lifted its position in shares of Mr. Cooper Group by 55.1% during the third quarter. Federated Hermes Inc. now owns 752 shares of the company’s stock worth $30,000 after purchasing an additional 267 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Mr. Cooper Group by 54.8% during the third quarter. Public Employees Retirement System of Ohio now owns 986 shares of the company’s stock worth $40,000 after buying an additional 349 shares during the last quarter. Quadrant Capital Group LLC increased its holdings 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. Advisor Group Holdings Inc. lifted its position in shares of Mr. Cooper Group by 28.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 4,907 shares of the company’s stock worth $197,000 after buying an additional 1,091 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new stake in shares of Mr. Cooper Group in the 1st quarter valued at about $201,000. Institutional investors and hedge funds own 83.91% of the company’s stock.
Mr. Cooper Group Stock Down 0.7 %
Shares of Mr. Cooper Group stock opened at $48.78 on Monday. Mr. Cooper Group Inc. has a 12-month low of $35.81 and a 12-month high of $49.39. The firm has a market cap of $3.32 billion, a PE ratio of 11.87 and a beta of 1.57. The company’s fifty day simple moving average is $44.78 and its two-hundred day simple moving average is $43.87.
Insider Transactions at Mr. Cooper Group
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Barclays raised their price target on 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. Credit Suisse Group upped their price objective on shares of Mr. Cooper Group from $57.00 to $59.00 in a report on Friday, May 12th. Finally, Wedbush reaffirmed an “outperform” rating on shares of Mr. Cooper Group in a report on Monday, February 13th.
About Mr. Cooper Group
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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