Mr. Cooper Group Inc (NASDAQ:COOP) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 4,340,000 shares, a drop of 8.8% from the December 31st total of 4,760,000 shares. Based on an average daily volume of 531,600 shares, the short-interest ratio is currently 8.2 days. Approximately 6.0% of the shares of the stock are short sold.
COOP opened at $12.79 on Wednesday. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.85 and a quick ratio of 1.85. The company’s 50 day simple moving average is $12.85 and its 200-day simple moving average is $11.11. Mr. Cooper Group has a one year low of $6.57 and a one year high of $15.68.
Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.44. Mr. Cooper Group had a positive return on equity of 8.81% and a negative net margin of 21.46%. The firm had revenue of $618.00 million for the quarter, compared to the consensus estimate of $594.15 million. On average, equities analysts anticipate that Mr. Cooper Group will post 3.45 EPS for the current fiscal year.
Several equities analysts have issued reports on COOP shares. ValuEngine downgraded Mr. Cooper Group from a “hold” rating to a “sell” rating in a research report on Friday, December 27th. TheStreet upgraded Mr. Cooper Group from an “e+” rating to a “c-” rating in a report on Wednesday, December 11th. Barclays set a $14.00 target price on Mr. Cooper Group and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Zacks Investment Research cut Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $14.75.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Mr. Cooper Group in the 4th quarter valued at about $147,000. California Public Employees Retirement System increased its stake in Mr. Cooper Group by 409.0% in the fourth quarter. California Public Employees Retirement System now owns 199,205 shares of the company’s stock valued at $2,492,000 after acquiring an additional 160,072 shares during the last quarter. JS Capital Management LLC bought a new position in Mr. Cooper Group in the third quarter valued at approximately $393,000. Metropolitan Life Insurance Co NY raised its position in Mr. Cooper Group by 5.5% during the third quarter. Metropolitan Life Insurance Co NY now owns 24,565 shares of the company’s stock valued at $261,000 after purchasing an additional 1,280 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in Mr. Cooper Group during the third quarter worth $1,572,000. 81.64% of the stock is owned by institutional investors.
Mr. Cooper Group Company Profile
Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. The company operates through three segments: Servicing, Originations, and Xome. The Servicing segment performs activities for originated and purchased loans, as well as operates as a subservicer for various clients that own the underlying servicing rights.
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