Louisiana State Employees Retirement System Takes Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Louisiana State Employees Retirement System acquired a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 33,000 shares of the company's stock, valued at approximately $2,149,000. Louisiana State Employees Retirement System owned approximately 0.05% of Mr. Cooper Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COOP. Federated Hermes Inc. increased its holdings in Mr. Cooper Group by 55.1% during the 3rd quarter. Federated Hermes Inc. now owns 752 shares of the company's stock worth $30,000 after purchasing an additional 267 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Mr. Cooper Group by 95.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the company's stock valued at $32,000 after buying an additional 380 shares during the period. Point72 Middle East FZE bought a new stake in shares of Mr. Cooper Group in the fourth quarter valued at about $38,000. Public Employees Retirement System of Ohio lifted its stake in 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 worth $40,000 after acquiring an additional 349 shares during the period. Finally, Global Retirement Partners LLC grew its holdings in Mr. Cooper Group by 3,552.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,753 shares of the company's stock worth $109,000 after acquiring an additional 1,705 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Stock Up 0.1 %

Shares of Mr. Cooper Group stock traded up $0.06 during mid-day trading on Thursday, reaching $75.77. 271,844 shares of the stock traded hands, compared to its average volume of 474,907. The stock has a market capitalization of $4.94 billion, a PE ratio of 10.32 and a beta of 1.38. The business has a 50-day moving average of $74.37 and a 200 day moving average of $65.61. Mr. Cooper Group Inc. has a fifty-two week low of $41.74 and a fifty-two week high of $78.54.

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

Wall Street Analyst Weigh In

COOP has been the subject of several recent research reports. Barclays boosted their price target on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, April 9th. Wedbush upped their target price on Mr. Cooper Group from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft assumed coverage on Mr. Cooper Group in a research report on Wednesday, January 10th. They set a "buy" rating and a $88.00 target price on the stock. Finally, Keefe, Bruyette & Woods boosted their price target on Mr. Cooper Group from $83.00 to $86.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 9th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $78.50.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $78.09, for a total transaction of $1,952,250.00. Following the transaction, the chief executive officer now directly owns 334,631 shares in the company, valued at approximately $26,131,334.79. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Jesse K. Bray sold 25,000 shares of the business's stock in a transaction dated 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 transaction, 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 filing with the SEC, which is available at this hyperlink. Also, President Michael S. Weinbach acquired 17,000 shares of the company's stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average cost of $71.16 per share, with a total value of $1,209,720.00. Following the acquisition, the president now directly owns 17,000 shares of the company's stock, valued at approximately $1,209,720. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 75,000 shares of company stock valued at $5,431,500. Corporate insiders own 3.11% of the company's stock.

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.