Range Financial Group LLC Makes New $1.09 Million Investment in Mr. Cooper Group Inc. (NASDAQ:COOP)

Range Financial Group LLC bought a new position in Mr. Cooper Group Inc. (NASDAQ:COOP) in the 4th quarter, HoldingsChannel.com reports. The firm bought 11,361 shares of the company’s stock, valued at approximately $1,091,000.

Several other institutional investors and hedge funds also recently made changes to their positions in COOP. Aristeia Capital L.L.C. grew its position in Mr. Cooper Group by 4.2% in the 2nd quarter. Aristeia Capital L.L.C. now owns 4,197 shares of the company’s stock worth $341,000 after purchasing an additional 169 shares in the last quarter. Truist Financial Corp grew its holdings in shares of Mr. Cooper Group by 1.6% in the second quarter. Truist Financial Corp now owns 11,840 shares of the company’s stock valued at $962,000 after acquiring an additional 187 shares in the last quarter. Evergreen Capital Management LLC increased its position in shares of Mr. Cooper Group by 4.2% during the second quarter. Evergreen Capital Management LLC now owns 5,236 shares of the company’s stock valued at $425,000 after acquiring an additional 211 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in Mr. Cooper Group by 7.6% during the third quarter. First Trust Direct Indexing L.P. now owns 3,021 shares of the company’s stock worth $278,000 after acquiring an additional 213 shares during the period. Finally, Blue Trust Inc. boosted its position in Mr. Cooper Group by 71.8% in the third quarter. Blue Trust Inc. now owns 572 shares of the company’s stock worth $53,000 after purchasing an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Analyst Upgrades and Downgrades

COOP has been the topic of a number of research analyst reports. Wedbush reissued an “outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, October 24th. Compass Point increased their target price on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays upped their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $100.57.

Mr. Cooper Group Stock Down 1.7 %

COOP traded down $1.62 on Tuesday, hitting $92.81. The company’s stock had a trading volume of 444,712 shares, compared to its average volume of 494,612. The company’s 50 day simple moving average is $96.03 and its 200-day simple moving average is $91.48. Mr. Cooper Group Inc. has a 12 month low of $61.38 and a 12 month high of $103.05. The firm has a market cap of $5.94 billion, a P/E ratio of 11.99 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.30. The company had revenue of $616.00 million during the quarter, compared to analysts’ expectations of $548.09 million. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The firm’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.79 earnings per share. Equities analysts predict that Mr. Cooper Group Inc. will post 10.16 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the completion of the sale, the chief executive officer now owns 788,821 shares in the company, valued at approximately $76,973,153.18. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 90,000 shares of company stock worth $8,414,400 over the last ninety days. Company insiders own 2.33% of the company’s stock.

Mr. Cooper Group Profile

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.