EMC Capital Management Has $578,000 Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

EMC Capital Management cut its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 79.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,015 shares of the company’s stock after selling 23,590 shares during the period. Mr. Cooper Group comprises approximately 0.3% of EMC Capital Management’s investment portfolio, making the stock its 26th biggest position. EMC Capital Management’s holdings in Mr. Cooper Group were worth $578,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of COOP. Quarry LP bought a new position in Mr. Cooper Group in the second quarter valued at about $29,000. Financial Management Professionals Inc. bought a new stake in Mr. Cooper Group during the 3rd quarter worth approximately $30,000. Harvest Fund Management Co. Ltd increased its position in Mr. Cooper Group by 152.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after acquiring an additional 270 shares during the period. ORG Partners LLC acquired a new position in Mr. Cooper Group in the 4th quarter valued at approximately $51,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Mr. Cooper Group during the third quarter valued at $52,000. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Trading Up 1.3 %

NASDAQ:COOP opened at $107.19 on Thursday. Mr. Cooper Group Inc. has a 12 month low of $65.54 and a 12 month high of $107.66. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 0.30 and a beta of 1.43. The firm has a fifty day simple moving average of $97.57 and a two-hundred day simple moving average of $93.63.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total value of $2,927,400.00. Following the transaction, the chief executive officer now directly owns 788,821 shares in the company, valued at $76,973,153.18. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 90,000 shares of company stock valued at $8,414,400 in the last 90 days. 2.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wedbush restated an “outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, October 24th. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. Barclays raised their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. JMP Securities started coverage on shares of Mr. Cooper Group in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $115.00 price objective on the stock. Finally, Compass Point boosted their target price on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Mr. Cooper Group currently has a consensus rating of “Moderate Buy” and an average price target of $104.13.

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.