Park Avenue Securities LLC Purchases Shares of 14,079 Mr. Cooper Group Inc. (NASDAQ:COOP)

Park Avenue Securities LLC purchased a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) in the first quarter, HoldingsChannel.com reports. The firm purchased 14,079 shares of the company’s stock, valued at approximately $1,684,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management boosted its position 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 buying an additional 95 shares during the period. Penbrook Management LLC boosted its position in shares of Mr. Cooper Group by 0.6% in the first quarter. Penbrook Management LLC now owns 15,825 shares of the company’s stock worth $1,893,000 after buying an additional 100 shares during the period. Williamson Legacy Group LLC boosted its position in shares of Mr. Cooper Group by 1.1% in the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company’s stock worth $1,040,000 after buying an additional 118 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Mr. Cooper Group by 2.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company’s stock worth $479,000 after buying an additional 128 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in shares of Mr. Cooper Group by 5.6% in the fourth quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company’s stock worth $333,000 after buying an additional 184 shares during the period. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Stock Performance

Shares of NASDAQ COOP opened at $135.45 on Wednesday. The stock has a fifty day moving average price of $122.20 and a two-hundred day moving average price of $109.51. The firm has a market cap of $8.67 billion, a P/E ratio of 13.31, a PEG ratio of 0.32 and a beta of 1.03. Mr. Cooper Group Inc. has a 1 year low of $78.20 and a 1 year high of $139.23.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.16. The business had revenue of $560.00 million during the quarter, compared to analyst estimates of $620.57 million. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The company’s revenue was down .7% compared to the same quarter last year. During the same period last year, the company posted $2.73 EPS. On average, research analysts predict that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several 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 upped their target price for the stock from $125.00 to $143.00 in a research report on Friday, April 4th. Keefe, Bruyette & Woods increased their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the company a “market perform” rating in a report on Tuesday, April 8th. UBS Group increased their price target on Mr. Cooper Group from $135.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. Barclays increased their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. Finally, JMP Securities reissued a “market outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.14.

Mr. Cooper Group Profile

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.