Blueshift Asset Management LLC Sells 27,817 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Blueshift Asset Management LLC reduced its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOPGet Rating) by 75.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,152 shares of the company’s stock after selling 27,817 shares during the quarter. Blueshift Asset Management LLC’s holdings in Mr. Cooper Group were worth $418,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of COOP. American Century Companies Inc. grew its stake in shares of Mr. Cooper Group by 30.2% in the first quarter. American Century Companies Inc. now owns 337,741 shares of the company’s stock worth $15,425,000 after acquiring an additional 78,400 shares during the period. Intersect Capital LLC grew its stake in shares of Mr. Cooper Group by 34.3% in the first quarter. Intersect Capital LLC now owns 12,708 shares of the company’s stock worth $580,000 after acquiring an additional 3,246 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Mr. Cooper Group by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 814,778 shares of the company’s stock worth $37,210,000 after acquiring an additional 19,733 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Mr. Cooper Group in the first quarter worth approximately $642,000. Finally, NN Investment Partners Holdings N.V. bought a new stake in shares of Mr. Cooper Group in the first quarter worth approximately $699,000. 86.68% of the stock is currently owned by institutional investors.

Mr. Cooper Group Price Performance

Shares of NASDAQ:COOP opened at $42.54 on Wednesday. Mr. Cooper Group Inc. has a 1-year low of $35.81 and a 1-year high of $52.34. The company has a market capitalization of $3.05 billion, a P/E ratio of 2.67 and a beta of 1.49. The firm’s 50 day simple moving average is $41.59 and its two-hundred day simple moving average is $43.90.

Mr. Cooper Group (NASDAQ:COOPGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.15. Mr. Cooper Group had a net margin of 39.35% and a return on equity of 11.01%. The business had revenue of $599.00 million for the quarter, compared to the consensus estimate of $434.70 million. On average, sell-side analysts anticipate that Mr. Cooper Group Inc. will post 2.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 46,000 shares of Mr. Cooper Group stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $38.32, for a total transaction of $1,762,720.00. Following the transaction, the chief executive officer now owns 654,767 shares of the company’s stock, valued at $25,090,671.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 138,000 shares of company stock valued at $5,610,160 over the last 90 days. 2.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on COOP shares. Credit Suisse Group reduced their price target on shares of Mr. Cooper Group to $55.00 in a research note on Friday, July 22nd. TheStreet raised shares of Mr. Cooper Group from a “c+” rating to a “b” rating in a report on Wednesday, May 4th. Finally, Barclays dropped their price objective on shares of Mr. Cooper Group from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, July 11th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.25.

About Mr. Cooper Group

(Get Rating)

Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related to single-family residences in 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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Institutional Ownership by Quarter for Mr. Cooper Group (NASDAQ:COOP)

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