Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Bought by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC lifted its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOPFree Report) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,750 shares of the company’s stock after acquiring an additional 956 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Mr. Cooper Group were worth $1,351,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. USA Financial Formulas purchased a new stake in shares of Mr. Cooper Group during the 4th quarter worth $25,000. GAMMA Investing LLC acquired a new position in Mr. Cooper Group during the fourth quarter worth about $61,000. Quest Partners LLC acquired a new position in Mr. Cooper Group during the fourth quarter worth about $61,000. Headlands Technologies LLC increased its holdings in Mr. Cooper Group by 637.1% in the fourth quarter. Headlands Technologies LLC now owns 1,651 shares of the company’s stock valued at $108,000 after buying an additional 1,427 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of Mr. Cooper Group by 3,552.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,753 shares of the company’s stock valued at $109,000 after acquiring an additional 1,705 shares during the period. 89.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $78.09, for a total value of $1,952,250.00. Following the transaction, the chief executive officer now owns 334,631 shares in the company, valued at approximately $26,131,334.79. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $78.09, for a total transaction of $1,952,250.00. Following the completion of the sale, the chief executive officer now directly owns 334,631 shares in the company, valued at $26,131,334.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael R. Rawls sold 27,000 shares of Mr. Cooper Group stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $82.18, for a total value of $2,218,860.00. Following the completion of the transaction, the chief executive officer now directly owns 57,623 shares in the company, valued at $4,735,458.14. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock worth $7,931,110 in the last three months. Company insiders own 2.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on COOP. Wedbush upped their price target on Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $92.00 target price (up previously from $86.00) on shares of Mr. Cooper Group in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft raised their price target on Mr. Cooper Group from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Barclays increased their price objective on shares of Mr. Cooper Group from $85.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Finally, Jefferies Financial Group lifted their target price on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $85.13.

Check Out Our Latest Stock Report on COOP

Mr. Cooper Group Stock Down 1.5 %

Shares of NASDAQ:COOP traded down $1.26 during trading on Wednesday, reaching $81.16. The stock had a trading volume of 284,354 shares, compared to its average volume of 453,279. The stock has a market cap of $5.25 billion, a P/E ratio of 8.50 and a beta of 1.41. The business has a fifty day moving average price of $79.27 and a 200-day moving average price of $70.94. Mr. Cooper Group Inc. has a fifty-two week low of $45.78 and a fifty-two week high of $85.17.

Mr. Cooper Group (NASDAQ:COOPGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.17. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. The company had revenue of $564.00 million during the quarter, compared to the consensus estimate of $498.15 million. As a group, equities analysts forecast that Mr. Cooper Group Inc. will post 9.48 EPS for the current year.

About Mr. Cooper Group

(Free Report)

Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned.

See Also

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

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