Riverwater Partners LLC Takes Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Riverwater Partners LLC acquired a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,296 shares of the company’s stock, valued at approximately $1,181,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of 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 buying an additional 4,863 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Mr. Cooper Group in the fourth quarter worth approximately $1,603,000. World Investment Advisors LLC acquired a new stake in Mr. Cooper Group during the third quarter worth $2,537,000. Spire Wealth Management acquired a new stake in Mr. Cooper Group during the fourth quarter worth $1,480,000. Finally, FMR LLC raised its position in Mr. Cooper Group by 42.9% in the third quarter. FMR LLC now owns 485,907 shares of the company’s stock valued at $44,791,000 after purchasing an additional 145,767 shares during the period. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Mr. Cooper Group Trading Up 0.8 %

NASDAQ:COOP opened at $134.21 on Friday. Mr. Cooper Group Inc. has a 12-month low of $74.49 and a 12-month high of $137.60. The firm has a market cap of $8.54 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. The stock has a fifty day moving average price of $108.62 and a 200 day moving average price of $99.90.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. Equities analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on COOP. Barclays raised their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. UBS Group lifted their price target on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Piper Sandler lowered shares of Mr. Cooper Group from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $125.00 to $143.00 in a report on Friday. Citizens Jmp downgraded shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods upped their price target on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.78.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following 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 sale was disclosed in a document filed with the SEC, which is available at this link. 2.33% of the stock is owned by corporate insiders.

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.