Several other research firms have also recently issued reports on COOP. Piper Jaffray Companies cut shares of Mr. Cooper Group from a neutral rating to an underweight rating in a report on Wednesday, March 20th. Wedbush set a $13.50 price target on shares of Mr. Cooper Group and gave the company an outperform rating in a report on Tuesday, March 26th. Zacks Investment Research cut shares of Mr. Cooper Group from a buy rating to a hold rating in a report on Monday, May 13th. Finally, Barclays set a $18.00 price target on shares of Mr. Cooper Group and gave the company a hold rating in a report on Friday, March 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $15.63.
COOP opened at $9.23 on Thursday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 2.06 and a current ratio of 2.06. Mr. Cooper Group has a 12-month low of $8.05 and a 12-month high of $20.04.
In other Mr. Cooper Group news, CEO Jesse K. Bray bought 52,910 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were bought at an average cost of $9.36 per share, with a total value of $495,237.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Christopher G. Marshall bought 110,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were acquired at an average cost of $9.08 per share, for a total transaction of $998,800.00. The disclosure for this purchase can be found here. Corporate insiders own 0.93% of the company’s stock.
Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. acquired a new stake in shares of Mr. Cooper Group during the fourth quarter worth $28,000. Bronfman E.L. Rothschild L.P. acquired a new stake in shares of Mr. Cooper Group during the fourth quarter worth $46,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Mr. Cooper Group during the fourth quarter worth $56,000. Royce & Associates LP acquired a new stake in shares of Mr. Cooper Group during the first quarter worth $46,000. Finally, Great West Life Assurance Co. Can acquired a new stake in shares of Mr. Cooper Group during the fourth quarter worth $99,000. 87.06% of the stock is currently owned by institutional investors.
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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