New York State Teachers Retirement System Has $10.31 Million Stock Position in Mr. Cooper Group Inc (NASDAQ:COOP)

New York State Teachers Retirement System lessened its holdings in Mr. Cooper Group Inc (NASDAQ:COOP) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,191 shares of the company’s stock after selling 4,500 shares during the quarter. New York State Teachers Retirement System owned 0.13% of Mr. Cooper Group worth $10,308,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Picton Mahoney Asset Management raised its position in Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock valued at $31,000 after purchasing an additional 95 shares during the last quarter. Penbrook Management LLC increased its stake in shares of Mr. Cooper Group by 0.6% in the first quarter. Penbrook Management LLC now owns 15,825 shares of the company’s stock valued at $1,893,000 after buying an additional 100 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Mr. Cooper Group by 2.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company’s stock valued at $479,000 after buying an additional 128 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Mr. Cooper Group by 5.6% during the 4th quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company’s stock worth $333,000 after buying an additional 184 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Mr. Cooper Group by 20.0% during the 1st quarter. Farther Finance Advisors LLC now owns 1,134 shares of the company’s stock worth $142,000 after buying an additional 189 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $152.14, for a total value of $4,564,200.00. Following the sale, the chief executive officer directly owned 693,187 shares of the company’s stock, valued at approximately $105,461,470.18. The trade was a 4.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

COOP has been the subject of several research reports. Keefe, Bruyette & Woods raised their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a “market perform” rating in a research report on Tuesday, April 8th. Piper Sandler raised their price target on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a “neutral” rating in a report on Tuesday. Barclays boosted their price objective on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. UBS Group increased their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, April 16th. Finally, Citizens Jmp cut Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.29.

Mr. Cooper Group Stock Performance

Shares of COOP stock opened at $150.95 on Friday. The firm’s 50 day moving average price is $133.50 and its two-hundred day moving average price is $115.40. Mr. Cooper Group Inc has a 52-week low of $78.20 and a 52-week high of $158.00. The stock has a market cap of $9.66 billion, a PE ratio of 17.15, a PEG ratio of 0.45 and a beta of 1.05.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.16. The business had revenue of $560.00 million for the quarter, compared to the consensus estimate of $620.57 million. Mr. Cooper Group had a net margin of 25.93% and a return on equity of 15.27%. Mr. Cooper Group’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the company posted $2.73 EPS. As a group, sell-side analysts predict that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal year.

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.