Nisa Investment Advisors LLC Has $355,000 Stock Holdings in Mr. Cooper Group Inc (NASDAQ:COOP)

Nisa Investment Advisors LLC decreased its stake in Mr. Cooper Group Inc (NASDAQ:COOP) by 4.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,972 shares of the company’s stock after selling 125 shares during the period. Nisa Investment Advisors LLC’s holdings in Mr. Cooper Group were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Penbrook Management LLC grew its stake in Mr. Cooper Group by 0.6% during the first quarter. Penbrook Management LLC now owns 15,825 shares of the company’s stock worth $1,893,000 after purchasing an additional 100 shares during the period. Commonwealth Equity Services LLC grew its stake in Mr. Cooper Group by 2.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company’s stock worth $479,000 after purchasing an additional 128 shares during the period. MorganRosel Wealth Management LLC grew its stake in Mr. Cooper Group by 1.2% in the first quarter. MorganRosel Wealth Management LLC now owns 13,544 shares of the company’s stock valued at $1,620,000 after acquiring an additional 154 shares during the period. Quadrant Capital Group LLC grew its stake in Mr. Cooper Group by 5.6% in the fourth quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company’s stock valued at $333,000 after acquiring an additional 184 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Mr. Cooper Group by 20.0% in the first quarter. Farther Finance Advisors LLC now owns 1,134 shares of the company’s stock valued at $142,000 after acquiring an additional 189 shares during the period. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Trading Up 2.3%

COOP opened at $146.64 on Thursday. The stock has a 50-day moving average price of $138.77 and a 200-day moving average price of $118.65. Mr. Cooper Group Inc has a 12-month low of $80.35 and a 12-month high of $158.00. The stock has a market capitalization of $9.38 billion, a P/E ratio of 16.66, a PEG ratio of 0.42 and a beta of 1.05.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 15.27% and a net margin of 25.93%. The company had revenue of $560.00 million during the quarter, compared to analyst estimates of $620.57 million. During the same quarter in the previous year, the company posted $2.73 EPS. Mr. Cooper Group’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities research analysts predict that Mr. Cooper Group Inc will post 13.17 EPS for the current year.

Analyst Ratings Changes

COOP has been the topic of a number of recent research reports. Citizens Jmp lowered Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. UBS Group restated a “neutral” rating and issued a $156.00 target price on shares of Mr. Cooper Group in a report on Tuesday. Keefe, Bruyette & Woods raised their target price 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. Piper Sandler raised their target price on Mr. Cooper Group from $143.00 to $158.00 and gave the company a “neutral” rating in a report on Tuesday, July 1st. Finally, Barclays raised their target price on Mr. Cooper Group from $147.00 to $156.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Mr. Cooper Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.14.

Insider Buying and Selling

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $152.14, for a total value of $4,564,200.00. Following the completion of the transaction, the chief executive officer owned 693,187 shares of the company’s stock, valued at approximately $105,461,470.18. This represents a 4.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.73% of the stock is owned by 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.