Aristeia Capital L.L.C. Purchases Shares of 3,620 Mr. Cooper Group Inc. (NASDAQ:COOP)

Aristeia Capital L.L.C. acquired a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,620 shares of the company’s stock, valued at approximately $348,000.

A number of other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its position in Mr. Cooper Group by 9,175.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company’s stock valued at $472,000 after acquiring an additional 4,863 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Mr. Cooper Group during the fourth quarter valued at approximately $1,603,000. JPMorgan Chase & Co. increased its holdings in shares of Mr. Cooper Group by 15.5% in the fourth quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company’s stock valued at $61,846,000 after purchasing an additional 86,510 shares in the last quarter. Spire Wealth Management bought a new position in Mr. Cooper Group in the 4th quarter worth approximately $1,480,000. Finally, Range Financial Group LLC acquired a new position in Mr. Cooper Group during the 4th quarter worth $1,091,000. Institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Stock Performance

Shares of NASDAQ:COOP opened at $120.58 on Friday. The company has a 50 day moving average price of $112.15 and a two-hundred day moving average price of $103.30. The company has a market capitalization of $7.72 billion, a PE ratio of 11.84, a PEG ratio of 0.32 and a beta of 1.06. Mr. Cooper Group Inc. has a 52 week low of $78.20 and a 52 week high of $137.60.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.16. The business had revenue of $560.00 million during the quarter, compared to analysts’ expectations of $620.57 million. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.73 EPS. On average, sell-side analysts forecast that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the sale, the chief executive officer now directly owns 698,821 shares of the company’s stock, valued at approximately $78,435,669.04. This represents a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.73% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on COOP shares. Piper Sandler downgraded Mr. Cooper Group from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $125.00 to $143.00 in a research report on Friday, April 4th. Citizens Jmp downgraded shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Barclays boosted their price target on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. Finally, UBS Group raised their price objective on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.14.

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.