Teacher Retirement System of Texas Sells 6,476 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Teacher Retirement System of Texas decreased its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 13.7% in the fourth quarter, Holdings Channel reports. The fund owned 40,725 shares of the company’s stock after selling 6,476 shares during the quarter. Teacher Retirement System of Texas’ holdings in Mr. Cooper Group were worth $3,910,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Mr. Cooper Group by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock worth $84,471,000 after purchasing an additional 52,001 shares during the period. Citigroup Inc. boosted its stake in Mr. Cooper Group by 37.5% during the third quarter. Citigroup Inc. now owns 88,249 shares of the company’s stock worth $8,135,000 after buying an additional 24,087 shares during the period. Harvest Fund Management Co. Ltd boosted its stake in Mr. Cooper Group by 152.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock worth $41,000 after buying an additional 270 shares during the period. FMR LLC increased its position in Mr. Cooper Group by 42.9% during the third quarter. FMR LLC now owns 485,907 shares of the company’s stock valued at $44,791,000 after acquiring an additional 145,767 shares during the last quarter. Finally, Cynosure Group LLC purchased a new stake in shares of Mr. Cooper Group in the third quarter valued at $730,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock opened at $107.30 on Tuesday. Mr. Cooper Group Inc. has a 1 year low of $74.49 and a 1 year high of $114.05. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 0.32 and a beta of 1.49. The firm’s 50-day moving average is $105.52 and its two-hundred day moving average is $98.20.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. On average, equities analysts expect that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the completion of the transaction, the chief executive officer now directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citizens Jmp upgraded shares of Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. Piper Sandler upped their target price on Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. JMP Securities reissued a “market outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Barclays upped their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $112.22.

Mr. Cooper Group Company 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.