Mr. Cooper Group (NASDAQ:COOP) Trading Up 13.8%

Mr. Cooper Group Inc (NASDAQ:COOP)’s share price was up 13.8% during mid-day trading on Wednesday . The company traded as high as $6.10 and last traded at $6.94, approximately 39,330 shares traded hands during mid-day trading. A decline of 96% from the average daily volume of 947,360 shares. The stock had previously closed at $6.10.

A number of equities research analysts have recently issued reports on COOP shares. BidaskClub downgraded shares of Mr. Cooper Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 19th. Zacks Investment Research raised shares of Mr. Cooper Group from a “hold” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a research note on Friday, February 28th. ValuEngine downgraded shares of Mr. Cooper Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Piper Sandler raised shares of Mr. Cooper Group from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $10.00 to $12.00 in a research note on Wednesday, March 18th. Finally, TheStreet downgraded shares of Mr. Cooper Group from a “c-” rating to a “d+” rating in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mr. Cooper Group presently has an average rating of “Hold” and a consensus price target of $14.80.

The firm’s 50 day moving average is $11.26 and its two-hundred day moving average is $11.94. The stock has a market capitalization of $555.82 million, a PE ratio of -6.64 and a beta of 0.39. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.80 and a current ratio of 1.80.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Tuesday, February 25th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.36. Mr. Cooper Group had a negative net margin of 5.68% and a positive return on equity of 20.89%. The firm had revenue of $618.00 million for the quarter, compared to the consensus estimate of $543.95 million. On average, analysts anticipate that Mr. Cooper Group Inc will post 4.35 EPS for the current year.

In other news, CFO Christopher G. Marshall acquired 2,749 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were bought at an average cost of $9.50 per share, with a total value of $26,115.50. Following the transaction, the chief financial officer now owns 665,975 shares in the company, valued at approximately $6,326,762.50. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.93% of the company’s stock.

Large investors have recently made changes to their positions in the business. State Street Corp increased its position in shares of Mr. Cooper Group by 2.1% in the 3rd quarter. State Street Corp now owns 1,488,976 shares of the company’s stock valued at $15,813,000 after purchasing an additional 30,220 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Mr. Cooper Group in the 3rd quarter valued at approximately $1,572,000. Tower Research Capital LLC TRC purchased a new stake in shares of Mr. Cooper Group in the 3rd quarter valued at approximately $53,000. California State Teachers Retirement System increased its position in shares of Mr. Cooper Group by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 118,606 shares of the company’s stock valued at $1,260,000 after purchasing an additional 1,416 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Mr. Cooper Group in the 3rd quarter valued at approximately $111,000. 82.85% of the stock is currently owned by institutional investors.

About Mr. Cooper Group (NASDAQ:COOP)

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.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

Receive News & Ratings for Mr. Cooper Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mr. Cooper Group and related companies with MarketBeat.com's FREE daily email newsletter.