22,000 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Purchased by Greenland Capital Management LP

Greenland Capital Management LP bought a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 22,000 shares of the company's stock, valued at approximately $2,112,000.

A number of other large investors also recently made changes to their positions in the business. Verition Fund Management LLC purchased a new position in Mr. Cooper Group during the third quarter valued at approximately $201,000. HighTower Advisors LLC purchased a new position in shares of Mr. Cooper Group during the 3rd quarter valued at $2,353,000. 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 acquiring an additional 51,667 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Mr. Cooper Group during the third quarter worth $290,000. Finally, EP Wealth Advisors LLC acquired a new stake in Mr. Cooper Group during the third quarter valued at $215,000. Institutional investors and hedge funds own 89.82% of the company's stock.

Mr. Cooper Group Price Performance

NASDAQ:COOP traded up $1.44 during midday trading on Friday, reaching $110.00. The stock had a trading volume of 1,419,981 shares, compared to its average volume of 559,549. The stock has a market capitalization of $7.00 billion, a P/E ratio of 10.81, a PEG ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a 1-year low of $74.49 and a 1-year high of $137.60. The firm's fifty day simple moving average is $110.06 and its 200-day simple moving average is $101.11.

Remove Ads

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. On average, equities research analysts anticipate that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Piper Sandler downgraded Mr. Cooper Group from an "overweight" rating to a "neutral" rating and raised their price target for the stock from $125.00 to $143.00 in a research note on Friday, April 4th. Citizens Jmp lowered shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods boosted their target price on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. UBS Group raised their price target on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $119.78.

Mr. Cooper Group Company 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.