Mr. Cooper Group Inc. (NASDAQ:COOP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Mr. Cooper Group Inc. (NASDAQ:COOP) has been given an average recommendation of “Moderate Buy” by the ten research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $112.22.

A number of equities analysts have recently issued reports on the company. UBS Group upped their price objective on Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday. Barclays upped their target price on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Wedbush reissued an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Keefe, Bruyette & Woods boosted their price objective on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, February 13th. Finally, Compass Point increased their target price on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 24th.

Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock opened at $108.69 on Thursday. Mr. Cooper Group has a 1 year low of $70.01 and a 1 year high of $109.72. The firm has a market cap of $6.95 billion, a PE ratio of 10.68, a PEG ratio of 0.31 and a beta of 1.43. The company has a 50 day simple moving average of $100.23 and a two-hundred day simple moving average of $95.46.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. As a group, research analysts anticipate that Mr. Cooper Group will post 13.24 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the completion of the transaction, the chief executive officer now owns 758,821 shares in the company, valued at approximately $71,700,996.29. This represents a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.33% of the company’s stock.

Institutional Trading of Mr. Cooper Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management grew its holdings in shares of Mr. Cooper Group by 41.3% in the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock worth $31,000 after purchasing an additional 95 shares during the last quarter. Financial Management Professionals Inc. bought a new position in shares of Mr. Cooper Group during the 3rd quarter worth $30,000. Harvest Fund Management Co. Ltd raised its holdings in shares of Mr. Cooper Group by 152.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after acquiring an additional 270 shares in the last quarter. Asset Planning Inc purchased a new stake in Mr. Cooper Group in the fourth quarter worth about $48,000. Finally, ORG Partners LLC bought a new position in Mr. Cooper Group during the 4th quarter worth about $51,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

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.