Cercano Management LLC Buys Shares of 361,286 Mr. Cooper Group Inc. (NASDAQ:COOP)

Cercano Management LLC bought a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP) during the fourth quarter, HoldingsChannel.com reports. The fund bought 361,286 shares of the company’s stock, valued at approximately $23,527,000.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC purchased a new position in shares of Mr. Cooper Group during the 4th quarter worth about $61,000. Headlands Technologies LLC lifted its holdings in shares of Mr. Cooper Group by 637.1% during the 4th quarter. Headlands Technologies LLC now owns 1,651 shares of the company’s stock worth $108,000 after acquiring an additional 1,427 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Mr. Cooper Group by 3,552.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,753 shares of the company’s stock worth $109,000 after acquiring an additional 1,705 shares during the period. CI Investments Inc. purchased a new position in shares of Mr. Cooper Group during the 3rd quarter worth about $158,000. Finally, SG Americas Securities LLC purchased a new position in shares of Mr. Cooper Group during the 3rd quarter worth about $198,000. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on COOP shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $92.00 price objective (up previously from $86.00) on shares of Mr. Cooper Group in a research report on Thursday. Wedbush increased their price objective on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays raised their price target on shares of Mr. Cooper Group from $85.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday. Jefferies Financial Group raised their price target on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Mr. Cooper Group from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $82.22.

Insider Activity at Mr. Cooper Group

In related news, President Michael S. Weinbach acquired 17,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average cost of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the purchase, the president now directly owns 17,000 shares in the company, valued at $1,209,720. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, President Michael S. Weinbach bought 17,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average cost of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the acquisition, the president now directly owns 17,000 shares in the company, valued at $1,209,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $71.61, for a total value of $1,790,250.00. Following the transaction, the chief executive officer now directly owns 366,051 shares in the company, valued at $26,212,912.11. The disclosure for this sale can be found here. Insiders have sold a total of 75,000 shares of company stock worth $5,431,500 over the last ninety days. 2.33% of the stock is currently owned by corporate insiders.

Mr. Cooper Group Stock Down 0.0 %

COOP stock traded down $0.03 during mid-day trading on Friday, reaching $78.73. The company had a trading volume of 369,416 shares, compared to its average volume of 402,229. The stock has a market capitalization of $5.10 billion, a P/E ratio of 8.24 and a beta of 1.38. Mr. Cooper Group Inc. has a one year low of $41.74 and a one year high of $81.98. The stock’s 50-day simple moving average is $75.09 and its two-hundred day simple moving average is $66.73.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.17. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. The company had revenue of $564.00 million for the quarter, compared to analysts’ expectations of $498.15 million. On average, research analysts forecast that Mr. Cooper Group Inc. will post 9.48 EPS for the current fiscal year.

Mr. Cooper Group Profile

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.