Livforsakringsbolaget Skandia Omsesidigt Makes New $1.88 Million Investment in Mr. Cooper Group Inc. (NASDAQ:COOP)

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,700 shares of the company's stock, valued at approximately $1,877,000.

A number of other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in Mr. Cooper Group by 19.1% in the first quarter. GAMMA Investing LLC now owns 2,603 shares of the company's stock worth $311,000 after purchasing an additional 418 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Mr. Cooper Group by 20.0% during the first quarter. Farther Finance Advisors LLC now owns 1,134 shares of the company's stock valued at $142,000 after buying an additional 189 shares during the last quarter. Range Financial Group LLC grew its holdings in shares of Mr. Cooper Group by 4.4% during the first quarter. Range Financial Group LLC now owns 11,862 shares of the company's stock valued at $1,419,000 after buying an additional 501 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in Mr. Cooper Group in the first quarter valued at $1,684,000. Finally, Penbrook Management LLC raised its position in shares of Mr. Cooper Group by 0.6% in the first quarter. Penbrook Management LLC now owns 15,825 shares of the company's stock worth $1,893,000 after acquiring an additional 100 shares during the period. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Stock Up 5.4%

Mr. Cooper Group stock traded up $7.33 during mid-day trading on Wednesday, hitting $142.78. The company's stock had a trading volume of 1,437,524 shares, compared to its average volume of 640,424. The stock has a market capitalization of $9.14 billion, a P/E ratio of 14.03, a P/E/G ratio of 0.32 and a beta of 1.03. Mr. Cooper Group Inc. has a twelve month low of $78.20 and a twelve month high of $142.94. The stock's fifty day moving average price is $122.20 and its two-hundred day moving average price is $109.51.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.16. The firm had revenue of $560.00 million for the quarter, compared to analyst estimates of $620.57 million. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. The firm's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.73 earnings per share. Equities analysts expect that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. JMP Securities reissued a "market outperform" rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. UBS Group lifted their price objective on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Citizens Jmp downgraded shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, Piper Sandler downgraded shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price target for the stock from $125.00 to $143.00 in a research note on Friday, April 4th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Mr. Cooper Group has a consensus rating of "Moderate Buy" and an average price target of $131.14.

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.