Mr. Cooper Group Inc. (NASDAQ:COOP) Short Interest Up 5.3% in November

Mr. Cooper Group Inc. (NASDAQ:COOP) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 1,800,000 shares, a growth of 5.3% from the November 15th total of 1,710,000 shares. Based on an average daily volume of 472,600 shares, the short-interest ratio is presently 3.8 days. Approximately 2.9% of the shares of the company are sold short.

Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock opened at $96.84 on Monday. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 12.51 and a beta of 1.41. The business has a 50-day moving average of $95.31 and a 200 day moving average of $90.01. Mr. Cooper Group has a 12 month low of $61.38 and a 12 month high of $103.05.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The business had revenue of $616.00 million for the quarter, compared to analysts’ expectations of $548.09 million. During the same quarter in the previous year, the firm earned $2.79 earnings per share. The business’s revenue was up 32.8% compared to the same quarter last year. Equities research analysts anticipate that Mr. Cooper Group will post 10.16 earnings per share for the current year.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the completion of the sale, the chief executive officer now directly owns 788,821 shares in the company, valued at $76,973,153.18. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.33% of the company’s stock.

Institutional Investors Weigh In On Mr. Cooper Group

A number of large investors have recently modified their holdings of the stock. LSV Asset Management raised its stake in Mr. Cooper Group by 249.2% during the 2nd quarter. LSV Asset Management now owns 633,260 shares of the company’s stock valued at $51,440,000 after acquiring an additional 451,926 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Mr. Cooper Group in the 2nd quarter worth $21,609,000. FMR LLC raised its position in Mr. Cooper Group by 42.9% in the third quarter. FMR LLC now owns 485,907 shares of the company’s stock worth $44,791,000 after acquiring an additional 145,767 shares in the last quarter. Basswood Capital Management L.L.C. lifted its holdings in Mr. Cooper Group by 36.6% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company’s stock valued at $45,744,000 after acquiring an additional 132,970 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Mr. Cooper Group by 11.1% in the third quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company’s stock worth $114,988,000 after buying an additional 125,055 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Barclays increased their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Compass Point upped their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Wedbush reissued an “outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $100.57.

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.