Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have earned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $34.13.
A number of equities analysts have commented on the stock. Wedbush upped their target price on shares of Mr. Cooper Group from $34.00 to $43.00 in a research note on Thursday, March 4th. Piper Sandler upped their price target on shares of Mr. Cooper Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, February 26th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $38.00 price target (down previously from $39.00) on shares of Mr. Cooper Group in a research report on Tuesday, April 13th. Barclays reaffirmed an “equal weight” rating and issued a $38.00 price target (down previously from $44.00) on shares of Mr. Cooper Group in a research report on Tuesday, April 27th. Finally, Zacks Investment Research cut shares of Mr. Cooper Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 5th.
COOP stock traded down $0.63 during mid-day trading on Thursday, reaching $33.62. The company had a trading volume of 640,561 shares, compared to its average volume of 838,521. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market cap of $2.90 billion, a P/E ratio of 3.15 and a beta of 1.65. The business has a 50 day moving average of $33.38. Mr. Cooper Group has a 12 month low of $11.06 and a 12 month high of $37.90.
In related news, Director Robert H. Gidel sold 6,905 shares of the stock in a transaction that occurred on Thursday, May 20th. The shares were sold at an average price of $33.13, for a total transaction of $228,762.65. Following the completion of the sale, the director now owns 3,451 shares of the company’s stock, valued at $114,331.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Wand Investors Corp Kkr sold 3,700,000 shares of the firm’s stock in a transaction on Friday, March 26th. The stock was sold at an average price of $32.25, for a total transaction of $119,325,000.00. The disclosure for this sale can be found here. Corporate insiders own 2.17% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Vestor Capital LLC purchased a new position in shares of Mr. Cooper Group in the first quarter worth $43,000. Toronto Dominion Bank acquired a new stake in shares of Mr. Cooper Group in the first quarter worth $82,000. KBC Group NV acquired a new stake in shares of Mr. Cooper Group in the fourth quarter worth $111,000. Pinz Capital Management LP acquired a new stake in shares of Mr. Cooper Group in the first quarter worth $146,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Mr. Cooper Group in the first quarter worth $166,000. 83.23% of the stock is owned by institutional investors and hedge funds.
Mr. Cooper Group Company Profile
Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related to single-family residences in the United States. The company operates through three segments: Servicing, Originations, and Xome. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.
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