Penbrook Management LLC Raises Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Penbrook Management LLC lifted its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 37.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,725 shares of the company's stock after purchasing an additional 4,325 shares during the quarter. Mr. Cooper Group comprises 1.0% of Penbrook Management LLC's investment portfolio, making the stock its 22nd biggest holding. Penbrook Management LLC's holdings in Mr. Cooper Group were worth $1,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in COOP. FMR LLC grew 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 worth $44,791,000 after buying an additional 145,767 shares in the last quarter. Basswood Capital Management L.L.C. lifted its position in shares of Mr. Cooper Group by 36.6% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company's stock valued at $45,744,000 after buying an additional 132,970 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Mr. Cooper Group by 11.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company's stock worth $114,988,000 after acquiring an additional 125,055 shares during the period. Barclays PLC increased its holdings in Mr. Cooper Group by 198.0% in the 3rd quarter. Barclays PLC now owns 132,017 shares of the company's stock worth $12,170,000 after acquiring an additional 87,712 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Mr. Cooper Group by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company's stock valued at $84,471,000 after acquiring an additional 52,001 shares during the period. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on COOP shares. Citizens Jmp upgraded shares of Mr. Cooper Group to a "strong-buy" rating in a research note on Tuesday, January 14th. Piper Sandler raised their price objective on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. JMP Securities began coverage on shares of Mr. Cooper Group in a report on Tuesday, January 14th. They set an "outperform" rating and a $115.00 target price on the stock. Barclays raised their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $104.13.

Mr. Cooper Group Stock Performance

Shares of COOP stock traded down $1.52 on Monday, hitting $102.30. 196,050 shares of the company's stock traded hands, compared to its average volume of 496,299. The company's fifty day simple moving average is $97.83 and its 200 day simple moving average is $93.92. Mr. Cooper Group Inc. has a one year low of $65.54 and a one year high of $107.85. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 0.30 and a beta of 1.43.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $94.49, for a total value of $2,834,700.00. Following the completion of the transaction, the chief executive officer now owns 758,821 shares of the company's stock, valued at approximately $71,700,996.29. This represents a 3.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.33% of the stock is currently owned by corporate insiders.

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.