Yousif Capital Management LLC cut its stake in Mr. Cooper Group Inc. (NASDAQ:COOP – Free Report) by 12.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,637 shares of the company’s stock after selling 5,865 shares during the quarter. Yousif Capital Management LLC owned approximately 0.06% of Mr. Cooper Group worth $1,706,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC boosted its holdings in Mr. Cooper Group by 3.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 16,838 shares of the company’s stock worth $676,000 after buying an additional 560 shares in the last quarter. Gratus Capital LLC acquired a new stake in shares of Mr. Cooper Group during the 4th quarter valued at about $287,000. Citigroup Inc. raised its holdings in Mr. Cooper Group by 33.9% in the 4th quarter. Citigroup Inc. now owns 57,534 shares of the company’s stock worth $2,309,000 after purchasing an additional 14,567 shares during the period. South Dakota Investment Council boosted its position in Mr. Cooper Group by 79.6% during the fourth quarter. South Dakota Investment Council now owns 330,843 shares of the company’s stock worth $13,277,000 after purchasing an additional 146,611 shares in the last quarter. Finally, AlphaCentric Advisors LLC grew its holdings in Mr. Cooper Group by 7.7% in the fourth quarter. AlphaCentric Advisors LLC now owns 56,790 shares of the company’s stock valued at $2,279,000 after purchasing an additional 4,050 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.
Mr. Cooper Group Stock Down 2.4 %
Shares of NASDAQ COOP opened at $57.97 on Tuesday. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 13.97 and a beta of 1.56. Mr. Cooper Group Inc. has a 52 week low of $37.54 and a 52 week high of $60.68. The firm has a 50-day simple moving average of $50.07 and a 200-day simple moving average of $46.16.
Wall Street Analysts Forecast Growth
Insider Buying and Selling at Mr. Cooper Group
In other news, CEO Jesse K. Bray sold 21,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $58.72, for a total value of $1,233,120.00. Following the completion of the sale, the chief executive officer now directly owns 538,821 shares in the company, valued at $31,639,569.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.11% of the stock is owned by insiders.
Mr. Cooper Group Profile
Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through two segments: Servicing and Originations. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.
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