62 hedge funds buy Mr. Cooper Group Inc. (COOP) for the first time

Mr. Cooper Group Inc. (NASDAQ:COOP) has made a 79.13% comeback from a 12-month low price of $7.82. It was seen -5.66% lower, changing the price to $14, when the closing bell rang on 12/04/2018. At recent session, the prices were hovering between $13.81 and $14.85. This company shares are 41.14% off its target price of $19.76 and the current market capitalization stands at $1.22B. The recent change has given its price a -7.31% deficit over SMA 50 and -30.14% deficit over its 52-week high. The stock witnessed -1.48% declines, -21.7% declines and -12.94% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found COOP’s volatility during a week at 4.47% and during a month it has been found around 4.34%.

Mr. Cooper Group Inc. (COOP) Top Holders

Institutional investors currently hold around $1.1 billion or 77.3% in COOP stock. Look at its top three institutional owners. Kohlberg Kravis Roberts & Co. L.P. owns $219.23 million in Mr. Cooper Group Inc., which represents roughly 17.97% of the company’s market cap and approximately 19.93% of the institutional ownership. Similar statistics are true for the second largest owner, Diamond Hill Capital Management Inc, which owns 6,753,158 shares of the stock are valued at $100.22 million. The third largest holder is Greywolf Capital Management Lp, which currently holds $80.19 million worth of this stock and that ownership represents nearly 6.57% of its market capitalization.

Mr. Cooper Group Inc. 13F Filings

At the end of September reporting period, 128 institutional holders increased their position in Mr. Cooper Group Inc. (NASDAQ:COOP) by some 63,020,343 shares, 68 decreased positions by 4,240,756 and 38 held positions by 6,887,673. That puts total institutional holdings at 74,148,772 shares, according to SEC filings. The stock grabbed 62 new institutional investments totaling 31,521,708 shares while 45 institutional investors sold out their entire positions totaling 599,178 shares.

Mr. Cooper Group Inc. (COOP) Analyst Guide

Several analysts have released their opinion on Mr. Cooper Group Inc. (NASDAQ:COOP), with 1 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.2 average brokerage recommendation.