Autumn Glory Partners LLC Makes New $288,000 Investment in Mr. Cooper Group Inc. (NASDAQ:COOP)

Autumn Glory Partners LLC purchased a new position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,000 shares of the company's stock, valued at approximately $288,000.

Other hedge funds have also recently made changes to their positions in the company. Asset Planning Inc purchased a new position in shares of Mr. Cooper Group during the fourth quarter valued at about $48,000. Graham Capital Wealth Management LLC purchased a new stake in Mr. Cooper Group during the 4th quarter valued at $2,276,000. Spire Wealth Management purchased a new position in Mr. Cooper Group during the fourth quarter worth $1,480,000. Penbrook Management LLC increased its position in Mr. Cooper Group by 37.9% during the fourth quarter. Penbrook Management LLC now owns 15,725 shares of the company's stock valued at $1,510,000 after acquiring an additional 4,325 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Mr. Cooper Group by 88.7% in the fourth quarter. KBC Group NV now owns 3,306 shares of the company's stock valued at $317,000 after acquiring an additional 1,554 shares during the period. Institutional investors own 89.82% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on COOP. Wedbush reissued an "outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Citizens Jmp raised shares of Mr. Cooper Group to a "strong-buy" rating in a research report on Tuesday, January 14th. UBS Group boosted their price target on Mr. Cooper Group from $122.00 to $135.00 and gave the company a "buy" rating in a report on Tuesday. Compass Point raised their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Mr. Cooper Group presently has a consensus rating of "Moderate Buy" and an average target price of $112.22.

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Mr. Cooper Group Trading Up 0.9 %

Shares of COOP stock traded up $1.01 during trading hours on Wednesday, reaching $108.69. 348,176 shares of the company's stock were exchanged, compared to its average volume of 498,321. Mr. Cooper Group Inc. has a fifty-two week low of $70.01 and a fifty-two week high of $109.72. The stock's 50 day moving average is $100.23 and its 200-day moving average is $95.46. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 0.31 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. Equities analysts anticipate that Mr. Cooper Group Inc. will post 13.24 EPS for the current year.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total value of $2,834,700.00. Following the sale, the chief executive officer now owns 758,821 shares in the company, valued at $71,700,996.29. This represents a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.