New Age Alpha Advisors LLC Acquires New Shares in Mr. Cooper Group Inc. (NASDAQ:COOP)

New Age Alpha Advisors LLC acquired a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,644 shares of the company's stock, valued at approximately $926,000.

A number of other institutional investors and hedge funds have also made changes to their positions in COOP. Norges Bank acquired a new stake in Mr. Cooper Group in the fourth quarter valued at $72,984,000. Veridan Wealth LLC acquired a new stake in shares of Mr. Cooper Group during the 4th quarter worth about $56,244,000. FMR LLC lifted its stake in Mr. Cooper Group by 42.9% during 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 last quarter. 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 valued at $45,744,000 after purchasing an additional 132,970 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in Mr. Cooper Group in the fourth quarter valued at approximately $9,795,000. 89.82% of the stock is owned by institutional investors and hedge funds.

Mr. Cooper Group Price Performance

Shares of COOP stock traded up $1.11 during midday trading on Friday, hitting $134.21. The company had a trading volume of 2,713,854 shares, compared to its average volume of 531,069. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 0.32 and a beta of 1.17. The company's 50 day simple moving average is $108.62 and its 200 day simple moving average is $99.93. Mr. Cooper Group Inc. has a 52-week low of $74.49 and a 52-week high of $137.60.

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

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the 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 completion of the transaction, the chief executive officer now owns 698,821 shares in the company, valued at approximately $78,435,669.04. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.33% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. UBS Group upped their price objective on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. JMP Securities reiterated a "market outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Keefe, Bruyette & Woods upped their target price on Mr. Cooper Group from $105.00 to $115.00 and gave the company a "market perform" rating in a research report on Thursday, February 13th. Finally, Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their price target for the stock from $125.00 to $143.00 in a research report on Friday. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $114.78.

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.