Graham Capital Wealth Management LLC Acquires New Shares in Mr. Cooper Group Inc. (NASDAQ:COOP)

Graham Capital Wealth Management LLC bought a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,707 shares of the company's stock, valued at approximately $2,276,000. Mr. Cooper Group makes up approximately 2.1% of Graham Capital Wealth Management LLC's investment portfolio, making the stock its 25th largest holding.

A number of other institutional investors have also made changes to their positions in COOP. State Street Corp increased its stake in shares of Mr. Cooper Group by 1.9% in the third quarter. State Street Corp now owns 2,726,946 shares of the company's stock worth $251,370,000 after buying an additional 51,667 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Mr. Cooper Group by 11.1% in the third quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company's stock worth $114,988,000 after purchasing an additional 125,055 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Mr. Cooper Group by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company's stock worth $84,471,000 after purchasing an additional 52,001 shares during the period. Basswood Capital Management L.L.C. boosted its holdings in Mr. Cooper Group by 36.6% in the third quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company's stock worth $45,744,000 after purchasing an additional 132,970 shares during the period. Finally, FMR LLC boosted its holdings in Mr. Cooper Group by 42.9% in the third quarter. FMR LLC now owns 485,907 shares of the company's stock worth $44,791,000 after purchasing an additional 145,767 shares during the period. 89.82% of the stock is owned by institutional investors and hedge funds.

Mr. Cooper Group Trading Up 0.8 %

NASDAQ:COOP traded up $0.82 during trading hours on Thursday, hitting $105.56. 380,041 shares of the stock traded hands, compared to its average volume of 488,068. The firm has a 50 day moving average price of $98.26 and a 200 day moving average price of $94.28. Mr. Cooper Group Inc. has a fifty-two week low of $65.80 and a fifty-two week high of $107.85. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.30 and a beta of 1.43.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the sale, the chief executive officer now directly owns 788,821 shares of the company's stock, valued at $76,973,153.18. The trade was a 3.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.33% of the company's stock.

Analyst Ratings Changes

COOP has been the topic of a number of recent research reports. JMP Securities initiated coverage on Mr. Cooper Group in a research note on Tuesday, January 14th. They issued an "outperform" rating and a $115.00 target price on the stock. Piper Sandler raised their target price on Mr. Cooper Group from $113.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Wedbush reiterated an "outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, October 24th. 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 report on Thursday, October 24th. Finally, Citizens Jmp raised Mr. Cooper Group to a "strong-buy" rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.13.

Mr. Cooper Group Profile

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.