Headlands Technologies LLC Acquires Shares of 7,877 Mr. Cooper Group Inc (NASDAQ:COOP)

Key Points

• Headlands Technologies LLC acquired 7,877 shares of Mr. Cooper Group Inc, valued at approximately $942,000, during the first quarter of the year.
• CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group, totaling over $5.24 million, resulting in a 4.33% decrease in his ownership.
• Financial analysts have set varying price targets for Mr. Cooper Group, with estimates ranging from $143.00 to $176.00, reflecting a mix of "neutral" and "overweight" ratings.

Headlands Technologies LLC bought a new stake in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,877 shares of the company's stock, valued at approximately $942,000.

Several other hedge funds and other institutional investors have also bought and sold shares of COOP. LPL Financial LLC lifted its stake in Mr. Cooper Group by 3.3% during the 4th quarter. LPL Financial LLC now owns 14,957 shares of the company's stock valued at $1,436,000 after acquiring an additional 472 shares during the period. National Bank of Canada FI bought a new position in Mr. Cooper Group during the 4th quarter valued at about $78,000. Wells Fargo & Company MN lifted its stake in Mr. Cooper Group by 8.7% during the 4th quarter. Wells Fargo & Company MN now owns 82,452 shares of the company's stock valued at $7,916,000 after acquiring an additional 6,588 shares during the period. Envestnet Asset Management Inc. lifted its stake in Mr. Cooper Group by 9.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 24,793 shares of the company's stock valued at $2,380,000 after acquiring an additional 2,199 shares during the period. Finally, Cerity Partners LLC bought a new position in Mr. Cooper Group during the 4th quarter valued at about $430,000. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Trading Down 4.6%

NASDAQ COOP traded down $8.53 on Friday, reaching $177.35. 593,887 shares of the stock were exchanged, compared to its average volume of 1,156,575. Mr. Cooper Group Inc has a one year low of $84.15 and a one year high of $193.86. The firm has a market capitalization of $11.35 billion, a PE ratio of 20.29 and a beta of 0.98. The company's 50-day simple moving average is $152.09 and its two-hundred day simple moving average is $127.06.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing analysts' consensus estimates of $3.28 by ($0.15). Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%. The firm had revenue of $608.00 million for the quarter, compared to the consensus estimate of $669.23 million. During the same quarter in the previous year, the business posted $3.10 EPS. Mr. Cooper Group's revenue was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal year.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $174.72, for a total transaction of $5,241,600.00. Following the completion of the sale, the chief executive officer directly owned 663,187 shares of the company's stock, valued at $115,872,032.64. This trade represents a 4.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on COOP. Jefferies Financial Group upped their target price on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a research note on Tuesday, July 22nd. Barclays increased their price objective on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. UBS Group set a $176.00 price objective on shares of Mr. Cooper Group in a research note on Tuesday. Finally, Piper Sandler increased their price objective on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $140.38.

About Mr. Cooper Group

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.