Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Purchased by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. grew its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,100 shares of the company's stock after purchasing an additional 2,500 shares during the period. Oberweis Asset Management Inc. owned approximately 0.23% of Mr. Cooper Group worth $14,123,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of COOP. Integrated Wealth Concepts LLC boosted its stake in Mr. Cooper Group by 24.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 3,779 shares of the company's stock worth $363,000 after purchasing an additional 742 shares in the last quarter. MGO One Seven LLC raised its position in Mr. Cooper Group by 28.9% in the 4th quarter. MGO One Seven LLC now owns 4,585 shares of the company's stock worth $440,000 after buying an additional 1,028 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Mr. Cooper Group by 16.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock valued at $83,712,000 after purchasing an additional 125,897 shares during the last quarter. Dark Forest Capital Management LP lifted its position in Mr. Cooper Group by 775.2% during the fourth quarter. Dark Forest Capital Management LP now owns 28,216 shares of the company's stock valued at $2,709,000 after purchasing an additional 24,992 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its holdings in Mr. Cooper Group by 33.7% in the fourth quarter. OneDigital Investment Advisors LLC now owns 5,391 shares of the company's stock worth $518,000 after purchasing an additional 1,359 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Trading Up 4.6 %

Shares of NASDAQ COOP traded up $5.28 during midday trading on Tuesday, hitting $120.54. The company's stock had a trading volume of 246,448 shares, compared to its average volume of 569,722. The business's 50 day moving average is $111.38 and its two-hundred day moving average is $102.70. The firm has a market cap of $7.71 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a 12-month low of $76.85 and a 12-month high of $137.60.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on COOP shares. Piper Sandler cut Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price target for the company from $125.00 to $143.00 in a report on Friday, April 4th. Barclays boosted their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. JMP Securities reissued a "market outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Keefe, Bruyette & Woods boosted their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research report on Tuesday, April 8th. Finally, Citizens Jmp cut shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $131.14.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total value of $3,367,200.00. Following the transaction, the chief executive officer now directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. This trade represents a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.33% of the company's stock.

About Mr. Cooper Group

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.