Quinn Opportunity Partners LLC decreased its position in shares of Mr. Cooper Group Inc (NASDAQ:COOP) by 6.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,827 shares of the company’s stock after selling 4,000 shares during the period. Quinn Opportunity Partners LLC’s holdings in Mr. Cooper Group were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. acquired a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $28,000. Bronfman E.L. Rothschild L.P. acquired a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $46,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $56,000. Great West Life Assurance Co. Can acquired a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $99,000. Finally, Virtu Financial LLC acquired a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $124,000. Institutional investors and hedge funds own 86.27% of the company’s stock.
COOP has been the subject of several research reports. Zacks Investment Research raised shares of Mr. Cooper Group from a “strong sell” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Thursday, April 4th. Barclays set a $18.00 price objective on shares of Mr. Cooper Group and gave the company a “hold” rating in a research note on Friday, March 8th. Wedbush set a $13.50 price objective on shares of Mr. Cooper Group and gave the company an “outperform” rating in a research note on Tuesday, March 26th. ValuEngine downgraded shares of Mr. Cooper Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. Finally, Piper Jaffray Companies downgraded shares of Mr. Cooper Group from a “neutral” rating to an “underweight” rating in a research note on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Mr. Cooper Group has an average rating of “Hold” and an average target price of $15.63.
In other Mr. Cooper Group news, Vice Chairman Christopher G. Marshall purchased 110,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was purchased at an average price of $9.08 per share, with a total value of $998,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jesse K. Bray purchased 52,910 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were acquired at an average cost of $9.36 per share, with a total value of $495,237.60. The disclosure for this purchase can be found here. 0.93% of the stock is currently owned by company insiders.
Shares of NASDAQ:COOP opened at $9.10 on Friday. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 3.63. Mr. Cooper Group Inc has a one year low of $8.05 and a one year high of $20.04.
Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.33. The business had revenue of $250.00 million during the quarter, compared to the consensus estimate of $455.10 million. Mr. Cooper Group had a net margin of 47.66% and a return on equity of 62.93%. On average, research analysts anticipate that Mr. Cooper Group Inc will post 1.45 EPS for the current fiscal year.
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Mr. Cooper Group 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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