Mr. Cooper Group (COOP) Downgraded by ValuEngine to Sell

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ValuEngine lowered shares of Mr. Cooper Group (NASDAQ:COOP) from a hold rating to a sell rating in a research note published on Tuesday morning.

Several other research firms have also weighed in on COOP. BTIG Research assumed coverage on shares of Mr. Cooper Group in a research note on Thursday, November 29th. They issued a buy rating and a $21.00 price objective on the stock. Barclays set a $18.00 price objective on shares of Mr. Cooper Group and gave the company a hold rating in a research note on Friday, March 8th. Finally, Zacks Investment Research downgraded shares of Mr. Cooper Group from a hold rating to a strong sell rating in a research report on Monday, December 31st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $20.67.

Mr. Cooper Group stock opened at $12.27 on Tuesday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 3.49. Mr. Cooper Group has a twelve month low of $10.61 and a twelve month high of $20.04.

A number of hedge funds have recently bought and sold shares of COOP. Kohlberg Kravis Roberts & Co. L.P. bought a new stake in Mr. Cooper Group in the fourth quarter worth approximately $172,404,000. Diamond Hill Capital Management Inc. bought a new stake in Mr. Cooper Group in the fourth quarter worth approximately $86,150,000. BlackRock Inc. bought a new stake in Mr. Cooper Group in the fourth quarter worth approximately $53,929,000. Serengeti Asset Management LP bought a new stake in Mr. Cooper Group in the fourth quarter worth approximately $35,010,000. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Mr. Cooper Group in the fourth quarter worth approximately $32,097,000. 86.43% of the stock is owned by institutional investors.

Mr. Cooper Group Company Profile

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.

See Also: Cost of Capital

To view ValuEngine’s full report, visit ValuEngine’s official website.

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