Triasima Portfolio Management inc. Sells 395 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Triasima Portfolio Management inc. reduced its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,450 shares of the company’s stock after selling 395 shares during the period. Triasima Portfolio Management inc.’s holdings in Mr. Cooper Group were worth $1,963,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in COOP. FMR LLC lifted its holdings in shares of Mr. Cooper Group by 42.9% during the 3rd quarter. FMR LLC now owns 485,907 shares of the company’s stock worth $44,791,000 after acquiring an additional 145,767 shares during the last quarter. Basswood Capital Management L.L.C. lifted its holdings in shares of Mr. Cooper Group by 36.6% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company’s stock worth $45,744,000 after acquiring an additional 132,970 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Mr. Cooper Group by 11.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company’s stock worth $114,988,000 after acquiring an additional 125,055 shares during the last quarter. Barclays PLC lifted its holdings in shares of Mr. Cooper Group by 198.0% during the 3rd quarter. Barclays PLC now owns 132,017 shares of the company’s stock worth $12,170,000 after acquiring an additional 87,712 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Mr. Cooper Group by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock worth $84,471,000 after acquiring an additional 52,001 shares during the last quarter. 89.82% of the stock is owned by institutional investors.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.33% of the stock is owned by corporate insiders.

Mr. Cooper Group Trading Up 0.8 %

Shares of NASDAQ:COOP opened at $105.56 on Friday. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 0.30 and a beta of 1.43. The company has a 50-day moving average price of $98.26 and a 200-day moving average price of $94.28. Mr. Cooper Group Inc. has a 12 month low of $65.80 and a 12 month high of $107.85.

Analyst Upgrades and Downgrades

Several research firms have weighed in on COOP. Wedbush reissued an “outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. JMP Securities began 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 target for the company. Compass Point boosted their price target on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Piper Sandler boosted their price target on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $104.13.

Mr. Cooper Group 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.