Mr. Cooper Group (NASDAQ:COOP) Upgraded at Citizens Jmp

Citizens Jmp upgraded shares of Mr. Cooper Group (NASDAQ:COOP) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

COOP has been the topic of several other research reports. JMP Securities began coverage on shares of Mr. Cooper Group in a research report on Tuesday. They issued an “outperform” rating and a $115.00 price target on the stock. Compass Point increased their price target on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Barclays boosted their price objective on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Wedbush reiterated an “outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $102.38.

Mr. Cooper Group Trading Up 4.7 %

NASDAQ COOP opened at $96.54 on Tuesday. The company has a 50-day moving average price of $96.33 and a two-hundred day moving average price of $91.88. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 12.47 and a beta of 1.43. Mr. Cooper Group has a 52 week low of $61.38 and a 52 week high of $103.05.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.30. The company had revenue of $616.00 million for the quarter, compared to the consensus estimate of $548.09 million. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. Mr. Cooper Group’s revenue was up 32.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.79 EPS. As a group, equities research analysts expect that Mr. Cooper Group will post 10.16 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total value of $2,927,400.00. Following the completion of the sale, the chief executive officer now directly owns 788,821 shares in the company, valued at approximately $76,973,153.18. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 90,000 shares of company stock valued at $8,414,400. Insiders own 2.33% of the company’s stock.

Hedge Funds Weigh In On Mr. Cooper Group

A number of institutional investors have recently modified their holdings of COOP. Quarry LP acquired a new stake in shares of Mr. Cooper Group in the second quarter worth $29,000. Financial Management Professionals Inc. acquired a new position in Mr. Cooper Group during the 3rd quarter worth $30,000. Harvest Fund Management Co. Ltd lifted its position in Mr. Cooper Group by 152.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock worth $41,000 after acquiring an additional 270 shares during the last quarter. ORG Partners LLC bought a new stake in Mr. Cooper Group during the fourth quarter valued at about $51,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Mr. Cooper Group in the third quarter valued at about $52,000. Institutional investors own 89.82% of the company’s stock.

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.