Renaissance Technologies LLC Sells 51,099 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Renaissance Technologies LLC reduced its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP – Get Rating) by 29.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 125,400 shares of the company’s stock after selling 51,099 shares during the period. Renaissance Technologies LLC’s holdings in Mr. Cooper Group were worth $5,079,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Mr. Cooper Group by 25.0% during the 1st quarter. Vanguard Group Inc. now owns 8,125,291 shares of the company’s stock valued at $371,082,000 after purchasing an additional 1,622,582 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Mr. Cooper Group by 12,377.0% during the 1st quarter. Wellington Management Group LLP now owns 1,841,226 shares of the company’s stock valued at $84,089,000 after purchasing an additional 1,826,469 shares during the last quarter. Millennium Management LLC lifted its holdings in Mr. Cooper Group by 639.1% during the 2nd quarter. Millennium Management LLC now owns 1,127,666 shares of the company’s stock valued at $41,430,000 after purchasing an additional 975,097 shares during the last quarter. Rubric Capital Management LP lifted its holdings in Mr. Cooper Group by 70.1% during the 3rd quarter. Rubric Capital Management LP now owns 1,095,972 shares of the company’s stock valued at $44,387,000 after purchasing an additional 451,675 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in Mr. Cooper Group by 9.5% during the 3rd quarter. Hsbc Holdings PLC now owns 979,079 shares of the company’s stock valued at $39,829,000 after purchasing an additional 85,002 shares during the last quarter. 83.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wedbush restated an “outperform” rating on shares of Mr. Cooper Group in a research report on Monday, February 13th. Credit Suisse Group restated an “outperform” rating and issued a $57.00 price objective on shares of Mr. Cooper Group in a research report on Monday, February 13th. Finally, Barclays raised their price objective on shares of Mr. Cooper Group from $41.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, February 13th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.60.

Mr. Cooper Group Price Performance

Shares of NASDAQ:COOP opened at $41.80 on Friday. Mr. Cooper Group Inc. has a one year low of $35.81 and a one year high of $49.00. The company has a 50 day moving average of $45.11 and a 200-day moving average of $43.28. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 3.43 and a beta of 1.57.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 21,000 shares of Mr. Cooper Group stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $45.11, for a total transaction of $947,310.00. Following the completion of the sale, the chief executive officer now owns 673,371 shares in the company, valued at approximately $30,375,765.81. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 63,000 shares of company stock worth $2,771,370 in the last quarter. 2.59% of the stock is owned by company insiders.

Mr. Cooper Group Company Profile

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Mr. Cooper Group, Inc engages in the provision of residential loan services. It operated through the following segments: Servicing, and Originations. The Servicing segment consists of collecting loan payments, remitting principal and interest payments to investors, managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance, performing loss mitigation activities on behalf of investors and otherwise administering mortgage loan servicing portfolio.