COOP has been the topic of a number of other reports. Piper Sandler raised Mr. Cooper Group from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $10.00 to $12.00 in a research note on Wednesday, March 18th. BidaskClub downgraded Mr. Cooper Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 19th. Zacks Investment Research raised Mr. Cooper Group from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective on the stock in a research note on Friday, February 28th. Finally, TheStreet lowered Mr. Cooper Group from a “c-” rating to a “d+” rating in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $14.80.
Shares of NASDAQ:COOP traded up $0.85 during midday trading on Wednesday, reaching $6.95. The company’s stock had a trading volume of 1,342,000 shares, compared to its average volume of 647,921. The firm has a market capitalization of $501.15 million, a price-to-earnings ratio of -5.74 and a beta of 0.39. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a 50 day moving average price of $11.35 and a two-hundred day moving average price of $11.95. Mr. Cooper Group has a fifty-two week low of $5.25 and a fifty-two week high of $14.68.
In other news, CFO Christopher G. Marshall bought 2,749 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average cost of $9.50 per share, with a total value of $26,115.50. Following the transaction, the chief financial officer now directly owns 665,975 shares of the company’s stock, valued at approximately $6,326,762.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.93% of the company’s stock.
A number of institutional investors have recently modified their holdings of COOP. Tower Research Capital LLC TRC bought a new stake in Mr. Cooper Group in the 3rd quarter valued at about $53,000. Great West Life Assurance Co. Can bought a new stake in Mr. Cooper Group during the 4th quarter worth approximately $58,000. Virtu Financial LLC bought a new stake in Mr. Cooper Group during the 3rd quarter worth approximately $111,000. ProShare Advisors LLC bought a new stake in Mr. Cooper Group during the 4th quarter worth approximately $129,000. Finally, SG Americas Securities LLC bought a new stake in Mr. Cooper Group during the 4th quarter worth approximately $147,000. 82.85% of the stock is owned by institutional investors and hedge funds.
About Mr. Cooper Group
Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. The company operates through three segments: Servicing, Originations, and Xome. The Servicing segment performs activities for originated and purchased loans, as well as operates as a subservicer for various clients that own the underlying servicing rights.
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