Triasima Portfolio Management inc. Makes New Investment in Mr. Cooper Group Inc. (NASDAQ:COOP)

Triasima Portfolio Management inc. acquired a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,790 shares of the company's stock, valued at approximately $1,354,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Federated Hermes Inc. raised its position in Mr. Cooper Group by 55.1% during the third quarter. Federated Hermes Inc. now owns 752 shares of the company's stock worth $30,000 after acquiring an additional 267 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Mr. Cooper Group by 95.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the company's stock valued at $32,000 after purchasing an additional 380 shares during the last quarter. Point72 Middle East FZE acquired a new position in shares of Mr. Cooper Group in the fourth quarter valued at $38,000. Public Employees Retirement System of Ohio grew its stake in shares of Mr. Cooper Group by 54.8% in the third quarter. Public Employees Retirement System of Ohio now owns 986 shares of the company's stock valued at $40,000 after acquiring an additional 349 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Mr. Cooper Group by 3,552.1% in the fourth 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 in the last quarter. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Trading Down 1.7 %

Mr. Cooper Group stock traded down $1.35 during trading hours on Friday, reaching $75.87. 273,090 shares of the stock were exchanged, compared to its average volume of 456,476. The company has a market cap of $4.90 billion, a P/E ratio of 10.34 and a beta of 1.38. Mr. Cooper Group Inc. has a twelve month low of $41.74 and a twelve month high of $78.54. The stock has a 50 day moving average of $73.72 and a two-hundred day moving average of $65.16.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.34. Mr. Cooper Group had a net margin of 27.87% and a return on equity of 12.01%. The business had revenue of $404.00 million during the quarter, compared to analyst estimates of $398.31 million. On average, analysts expect that Mr. Cooper Group Inc. will post 9.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, March 28th. The shares were 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 owns 334,631 shares of the company's stock, valued at approximately $26,131,334.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Jesse K. Bray sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, March 28th. The shares were 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 owns 334,631 shares of the company's stock, valued at approximately $26,131,334.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Michael S. Weinbach purchased 17,000 shares of Mr. Cooper Group stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average cost of $71.16 per share, with a total value of $1,209,720.00. Following the transaction, the president now owns 17,000 shares in the company, valued at approximately $1,209,720. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 75,000 shares of company stock worth $5,431,500. 3.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wedbush upped their price target on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Monday, February 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mr. Cooper Group in a research note on Wednesday, January 10th. They issued a "buy" rating and a $88.00 price target on the stock. Keefe, Bruyette & Woods upped their price target on shares of Mr. Cooper Group from $83.00 to $86.00 and gave the company an "outperform" rating in a research note on Tuesday, April 9th. Finally, Barclays increased their price objective on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 9th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $78.50.

Mr. Cooper Group Profile

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.