Vestcor Inc purchased a new stake in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,628 shares of the company's stock, valued at approximately $195,000.
Other hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. purchased a new stake in shares of Mr. Cooper Group in the first quarter valued at $26,000. Allworth Financial LP grew its holdings in Mr. Cooper Group by 24.5% during the 1st quarter. Allworth Financial LP now owns 442 shares of the company's stock worth $51,000 after acquiring an additional 87 shares in the last quarter. USA Financial Formulas bought a new position in Mr. Cooper Group during the 1st quarter worth about $55,000. Kapitalo Investimentos Ltda purchased a new position in shares of Mr. Cooper Group in the 4th quarter worth approximately $70,000. Finally, Covestor Ltd grew its position in shares of Mr. Cooper Group by 418.9% in the 4th quarter. Covestor Ltd now owns 742 shares of the company's stock worth $71,000 after buying an additional 599 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.
Insider Transactions at Mr. Cooper Group
In other news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $174.72, for a total transaction of $5,241,600.00. Following the completion of the transaction, the chief executive officer directly owned 663,187 shares of the company's stock, valued at approximately $115,872,032.64. The trade was a 4.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.73% of the stock is owned by company insiders.
Analyst Ratings Changes
COOP has been the subject of several research analyst reports. Barclays increased their price objective on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Piper Sandler raised 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. UBS Group set a $176.00 price objective on shares of Mr. Cooper Group in a research note on Tuesday. Finally, Jefferies Financial Group lifted their price target 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. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $140.38.
Get Our Latest Stock Report on COOP
Mr. Cooper Group Stock Performance
Shares of NASDAQ COOP traded down $8.28 during trading on Friday, hitting $177.60. 313,614 shares of the company were exchanged, compared to its average volume of 1,000,619. Mr. Cooper Group Inc has a 12-month low of $84.15 and a 12-month high of $193.86. The company has a fifty day moving average price of $151.13 and a 200-day moving average price of $126.38. The firm has a market capitalization of $11.36 billion, a PE ratio of 20.35 and a beta of 0.98.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.15). The company had revenue of $608.00 million during the quarter, compared to analysts' expectations of $669.23 million. Mr. Cooper Group had a net margin of 25.38% and a return on equity of 15.66%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.10 earnings per share. Research analysts anticipate that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal 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.
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