2,602,412 Shares in Mr. Cooper Group Inc (NASDAQ:COOP) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new stake in Mr. Cooper Group Inc (NASDAQ:COOP) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,602,412 shares of the company’s stock, valued at approximately $30,370,000. Teacher Retirement System of Texas owned approximately 2.87% of Mr. Cooper Group at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP purchased a new position in Mr. Cooper Group during the fourth quarter valued at approximately $12,531,000. Oaktree Capital Management LP bought a new stake in Mr. Cooper Group during the fourth quarter valued at approximately $22,495,000. Millennium Management LLC bought a new stake in Mr. Cooper Group during the fourth quarter valued at approximately $164,000. Canyon Capital Advisors LLC bought a new stake in Mr. Cooper Group during the fourth quarter valued at approximately $3,473,000. Finally, Legal & General Group Plc bought a new stake in Mr. Cooper Group during the fourth quarter valued at approximately $155,000. 89.33% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:COOP traded down $0.19 during midday trading on Friday, reaching $8.56. 837,276 shares of the stock traded hands, compared to its average volume of 1,175,274. Mr. Cooper Group Inc has a 12 month low of $8.48 and a 12 month high of $20.04. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 3.49. The firm has a market capitalization of $779.32 million, a P/E ratio of 71.33 and a beta of 0.46.

Several brokerages have issued reports on COOP. Wedbush set a $13.50 target price on shares of Mr. Cooper Group and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Zacks Investment Research upgraded shares of Mr. Cooper Group from a “strong sell” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Thursday, April 4th. ValuEngine upgraded shares of Mr. Cooper Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Barclays set a $18.00 price objective on shares of Mr. Cooper Group and gave the stock a “hold” rating in a report on Friday, March 8th. Finally, Piper Jaffray Companies lowered shares of Mr. Cooper Group from a “neutral” rating to an “underweight” rating in a report on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.63.

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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.

See Also: Return on Equity (ROE)

Institutional Ownership by Quarter for Mr. Cooper Group (NASDAQ:COOP)

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