Mr. Cooper Group Inc (NASDAQ:COOP) has earned an average recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $15.63.

COOP has been the subject of several recent research reports. Barclays set a $18.00 price target on Mr. Cooper Group and gave the stock a “hold” rating in a research report on Friday, March 8th. ValuEngine lowered Mr. Cooper Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. Piper Jaffray Companies lowered Mr. Cooper Group from a “neutral” rating to an “underweight” rating in a research report on Wednesday, March 20th. Zacks Investment Research lowered Mr. Cooper Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 22nd. Finally, Wedbush set a $13.50 price target on Mr. Cooper Group and gave the stock an “outperform” rating in a research report on Tuesday, March 26th.

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 stock was acquired at an average price of $9.36 per share, for a total transaction of $495,237.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 price of $9.08 per share, with a total value of $998,800.00. The disclosure for this purchase can be found here. 0.93% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. purchased a new position in shares of Mr. Cooper Group during the 4th quarter worth approximately $28,000. Bronfman E.L. Rothschild L.P. purchased a new position in shares of Mr. Cooper Group during the 4th quarter worth approximately $46,000. Royce & Associates LP purchased a new position in shares of Mr. Cooper Group during the 1st quarter worth approximately $46,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Mr. Cooper Group during the 4th quarter worth approximately $56,000. Finally, American National Bank purchased a new position in Mr. Cooper Group in the 4th quarter valued at approximately $96,000. Institutional investors and hedge funds own 89.95% of the company’s stock.

Shares of COOP stock traded down $0.71 during trading hours on Wednesday, hitting $8.87. The stock had a trading volume of 53,883 shares, compared to its average volume of 1,010,871. Mr. Cooper Group has a one year low of $8.05 and a one year high of $20.04. The company has a quick ratio of 2.42, a current ratio of 2.06 and a debt-to-equity ratio of 3.63.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, May 1st. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.33. Mr. Cooper Group had a return on equity of 62.93% and a net margin of 47.66%. The firm had revenue of $250.00 million for the quarter, compared to analysts’ expectations of $455.10 million. Equities research analysts predict that Mr. Cooper Group will post 1.45 earnings per share for the current year.

Mr. Cooper Group Company Profile

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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