361,286 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Bought by Cercano Management LLC

Cercano Management LLC acquired a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 361,286 shares of the company's stock, valued at approximately $23,527,000. Cercano Management LLC owned approximately 0.55% of Mr. Cooper Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COOP. Assenagon Asset Management S.A. raised its stake in Mr. Cooper Group by 94.9% in the third quarter. Assenagon Asset Management S.A. now owns 1,411,766 shares of the company's stock valued at $75,614,000 after buying an additional 687,321 shares during the last quarter. Invesco Ltd. raised its stake in Mr. Cooper Group by 42.4% in the third quarter. Invesco Ltd. now owns 593,380 shares of the company's stock valued at $31,781,000 after buying an additional 176,785 shares during the last quarter. K2 Principal Fund L.P. purchased a new stake in Mr. Cooper Group in the third quarter valued at about $7,571,000. Hsbc Holdings PLC raised its stake in Mr. Cooper Group by 383.5% in the third quarter. Hsbc Holdings PLC now owns 146,704 shares of the company's stock valued at $7,878,000 after buying an additional 116,360 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Mr. Cooper Group by 1.1% in the third quarter. Vanguard Group Inc. now owns 7,234,258 shares of the company's stock worth $387,467,000 after purchasing an additional 77,838 shares during the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, President Michael S. Weinbach acquired 17,000 shares of the company's stock in a transaction on Tuesday, February 13th. The shares were bought at an average cost of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the acquisition, the president now owns 17,000 shares in the company, valued at $1,209,720. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mr. Cooper Group news, President Michael S. Weinbach acquired 17,000 shares of the company's stock in a transaction on Tuesday, February 13th. The shares were bought at an average cost of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the acquisition, the president now owns 17,000 shares in the company, valued at $1,209,720. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jesse K. Bray sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $67.56, for a total value of $1,689,000.00. Following the completion of the sale, the chief executive officer now directly owns 391,051 shares in the company, valued at $26,419,405.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,000 shares of company stock valued at $5,431,500. Company insiders own 2.33% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on COOP. Jefferies Financial Group raised their price objective on Mr. Cooper Group from $74.00 to $80.00 and gave the stock a "hold" rating in a research note on Friday, April 19th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price objective (up from $86.00) on shares of Mr. Cooper Group in a research note on Thursday. Barclays raised their price objective on Mr. Cooper Group from $85.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their price objective on Mr. Cooper Group from $88.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Wedbush raised their price objective on Mr. Cooper Group from $85.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $82.22.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock traded down $0.03 during midday trading on Friday, hitting $78.73. 369,416 shares of the company were exchanged, compared to its average volume of 402,229. The firm has a market capitalization of $5.10 billion, a PE ratio of 8.24 and a beta of 1.38. Mr. Cooper Group Inc. has a fifty-two week low of $41.74 and a fifty-two week high of $81.98. The business has a fifty day simple moving average of $75.09 and a two-hundred day simple moving average of $66.81.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, April 24th. The company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.11 by $0.17. The firm had revenue of $564.00 million for the quarter, compared to analyst estimates of $498.15 million. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. As a group, equities analysts expect that Mr. Cooper Group Inc. will post 9.48 earnings per share for the current year.

Mr. Cooper Group Company 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.