Short Interest in Mr. Cooper Group Inc. (NASDAQ:COOP) Expands By 12.1%
Mr. Cooper Group Inc. (NASDAQ:COOP – Get Free Report) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 1,390,000 shares, a growth of 12.1% from the November 15th total of 1,240,000 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily volume of 569,000 shares, the short-interest ratio is currently 2.4 days.
Insider Activity at Mr. Cooper Group
In related news, Director Shveta Mujumdar sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $56.88, for a total value of $102,384.00. Following the completion of the transaction, the director now directly owns 22,244 shares of the company’s stock, valued at approximately $1,265,238.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction on Monday, October 30th. The stock was sold at an average price of $56.34, for a total value of $1,408,500.00. Following the transaction, the chief executive officer now owns 466,051 shares in the company, valued at $26,257,313.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shveta Mujumdar sold 1,800 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $56.88, for a total value of $102,384.00. Following the completion of the sale, the director now directly owns 22,244 shares of the company’s stock, valued at $1,265,238.72. The disclosure for this sale can be found here. Insiders sold 76,800 shares of company stock valued at $4,373,134 in the last ninety days. Corporate insiders own 3.11% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of COOP. Raymond James Financial Services Advisors Inc. bought a new position in shares of Mr. Cooper Group in the first quarter valued at $642,000. Cetera Advisor Networks LLC raised its stake in Mr. Cooper Group by 10.9% during the 1st quarter. Cetera Advisor Networks LLC now owns 5,435 shares of the company’s stock valued at $248,000 after purchasing an additional 533 shares during the period. Citigroup Inc. raised its stake in Mr. Cooper Group by 37.5% during the 1st quarter. Citigroup Inc. now owns 93,768 shares of the company’s stock valued at $4,283,000 after purchasing an additional 25,580 shares during the period. Natixis Advisors L.P. raised its stake in Mr. Cooper Group by 26.7% during the 1st quarter. Natixis Advisors L.P. now owns 15,355 shares of the company’s stock valued at $701,000 after purchasing an additional 3,239 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Mr. Cooper Group by 4.3% in the first quarter. Bank of Montreal Can now owns 20,963 shares of the company’s stock worth $978,000 after purchasing an additional 869 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have commented on the company. Keefe, Bruyette & Woods lifted their target price on Mr. Cooper Group from $74.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday. Compass Point lifted their target price on Mr. Cooper Group from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. Piper Sandler lifted their target price on Mr. Cooper Group from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Barclays began coverage on Mr. Cooper Group in a research report on Wednesday, November 15th. They set an “overweight” rating and a $74.00 price objective for the company. Finally, UBS Group began coverage on Mr. Cooper Group in a research report on Wednesday, December 6th. They set a “buy” rating and a $80.00 price objective for the company. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $72.71.
View Our Latest Stock Report on Mr. Cooper Group
Mr. Cooper Group Stock Down 2.5 %
COOP traded down $1.70 during trading on Friday, reaching $65.50. The stock had a trading volume of 1,971,803 shares, compared to its average volume of 606,893. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 9.84 and a beta of 1.50. Mr. Cooper Group has a 1-year low of $37.54 and a 1-year high of $67.96. The stock has a 50 day moving average of $58.22 and a two-hundred day moving average of $54.94.
Mr. Cooper Group (NASDAQ:COOP – Get Free Report) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $2.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $1.06. The company had revenue of $574.00 million for the quarter, compared to analysts’ expectations of $428.03 million. Mr. Cooper Group had a return on equity of 10.91% and a net margin of 26.88%. On average, research analysts forecast that Mr. Cooper Group will post 7.31 EPS for the current fiscal year.
About Mr. Cooper Group (Get Free Report)
Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through two segments: Servicing and Originations. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Mr. Cooper Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Mr. Cooper Group wasn’t on the list.
While Mr. Cooper Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Original: MarketBeat News Feed: Short Interest in Mr. Cooper Group Inc. (NASDAQ:COOP) Expands By 12.1%