Geode Capital Management LLC decreased its holdings in Mr. Cooper Group Inc (NASDAQ:COOP) by 84.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 504,852 shares of the company’s stock after selling 2,764,501 shares during the quarter. Geode Capital Management LLC owned about 0.56% of Mr. Cooper Group worth $5,891,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the business. Kohlberg Kravis Roberts & Co. L.P. purchased a new position in Mr. Cooper Group in the fourth quarter worth $172,404,000. Diamond Hill Capital Management Inc. purchased a new position in shares of Mr. Cooper Group in the fourth quarter valued at $86,150,000. BlackRock Inc. purchased a new position in shares of Mr. Cooper Group in the fourth quarter valued at $53,929,000. Serengeti Asset Management LP purchased a new position in shares of Mr. Cooper Group in the fourth quarter valued at $35,010,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of Mr. Cooper Group in the fourth quarter valued at $32,097,000. Hedge funds and other institutional investors own 89.33% of the company’s stock.
COOP has been the subject of a number of research analyst reports. ValuEngine cut Mr. Cooper Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. Piper Jaffray Companies cut Mr. Cooper Group from a “neutral” rating to an “underweight” rating in a research report on Wednesday, March 20th. Wedbush set a $13.50 price target on Mr. Cooper Group and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Zacks Investment Research cut Mr. Cooper Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 22nd. Finally, Barclays set a $18.00 price target on Mr. Cooper Group and gave the company a “hold” rating in a research report on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Mr. Cooper Group currently has an average rating of “Hold” and a consensus price target of $15.63.
Shares of COOP stock opened at $8.56 on Friday. Mr. Cooper Group Inc has a fifty-two week low of $8.48 and a fifty-two week high of $20.04. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.42 and a quick ratio of 2.42.
About Mr. Cooper Group
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.
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