Mr. Cooper Group (NASDAQ:COOP) Sets New 52-Week High - Still a Buy?

Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $105.77 and last traded at $105.82, with a volume of 44878 shares trading hands. The stock had previously closed at $104.12.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Piper Sandler boosted their price target on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. JMP Securities initiated coverage on shares of Mr. Cooper Group in a research note on Tuesday, January 14th. They issued an "outperform" rating and a $115.00 price objective on the stock. Compass Point increased their target price on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Wedbush reissued an "outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Finally, Citizens Jmp raised shares of Mr. Cooper Group to a "strong-buy" rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $104.13.

Mr. Cooper Group Stock Down 3.0 %

The company has a market cap of $6.64 billion, a PE ratio of 13.41, a PEG ratio of 0.31 and a beta of 1.43. The company has a 50-day moving average of $97.83 and a 200-day moving average of $93.88.

Insider Activity 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 dated 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 transaction, the chief executive officer now directly owns 758,821 shares in the company, valued at $71,700,996.29. The trade was 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. 2.33% of the stock is owned by insiders.

Institutional Investors Weigh In On Mr. Cooper Group

A number of hedge funds have recently modified their holdings of COOP. MassMutual Private Wealth & Trust FSB increased its position in Mr. Cooper Group by 9,175.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company's stock worth $472,000 after buying an additional 4,863 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Mr. Cooper Group by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company's stock worth $84,471,000 after acquiring an additional 52,001 shares during the period. Cynosure Group LLC purchased a new stake in Mr. Cooper Group in the 3rd quarter worth about $730,000. World Investment Advisors LLC bought a new stake in Mr. Cooper Group in the 3rd quarter valued at about $2,537,000. Finally, FMR LLC lifted its holdings in Mr. Cooper Group by 42.9% during the third quarter. FMR LLC now owns 485,907 shares of the company's stock valued at $44,791,000 after purchasing an additional 145,767 shares during the last quarter. Institutional investors own 89.82% of the company's stock.

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.