Auxano Advisors LLC Buys New Shares in Mr. Cooper Group Inc. (NASDAQ:COOP)

Auxano Advisors LLC bought a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP) in the 4th quarter, Holdings Channel reports. The firm bought 24,049 shares of the company’s stock, valued at approximately $1,566,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Mr. Cooper Group in the third quarter valued at about $198,000. Xponance Inc. raised its stake in Mr. Cooper Group by 47.1% during the third quarter. Xponance Inc. now owns 5,837 shares of the company’s stock worth $313,000 after acquiring an additional 1,868 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Mr. Cooper Group by 22.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 23,314 shares of the company’s stock worth $1,249,000 after acquiring an additional 4,211 shares in the last quarter. Bailard Inc. acquired a new position in Mr. Cooper Group during the third quarter worth about $434,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Mr. Cooper Group by 14.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,380 shares of the company’s stock worth $556,000 after acquiring an additional 1,288 shares in the last quarter. 89.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Jefferies Financial Group boosted their target price on Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Wedbush boosted their price target on Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Barclays boosted their price target on Mr. Cooper Group from $85.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft upped their target price on Mr. Cooper Group from $88.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $92.00 target price (up from $86.00) on shares of Mr. Cooper Group in a report on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Mr. Cooper Group currently has an average rating of “Moderate Buy” and a consensus price target of $82.22.

Mr. Cooper Group Price Performance

Shares of NASDAQ:COOP traded down $2.04 during trading on Tuesday, reaching $77.20. 375,523 shares of the stock were exchanged, compared to its average volume of 481,166. Mr. Cooper Group Inc. has a 1-year low of $41.74 and a 1-year high of $81.98. The stock has a fifty day moving average of $75.21 and a two-hundred day moving average of $66.98. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 8.30 and a beta of 1.38.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Wednesday, April 24th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.17. The business had revenue of $564.00 million during the quarter, compared to analyst estimates of $498.15 million. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. Sell-side analysts forecast that Mr. Cooper Group Inc. will post 9.48 EPS for the current year.

Insider Activity at Mr. Cooper Group

In related news, President Michael S. Weinbach purchased 17,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average cost of $71.16 per share, with a total value of $1,209,720.00. Following the transaction, the president now owns 17,000 shares of the company’s stock, valued at approximately $1,209,720. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mr. Cooper Group news, President Michael S. Weinbach acquired 17,000 shares of Mr. Cooper Group stock in a transaction on Tuesday, February 13th. The stock was purchased at an average price of $71.16 per share, for a total transaction of $1,209,720.00. Following the purchase, the president now directly owns 17,000 shares of the company’s stock, valued at $1,209,720. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $78.09, for a total value of $1,952,250.00. Following the completion of the transaction, the chief executive officer now owns 334,631 shares of the company’s stock, valued at approximately $26,131,334.79. The disclosure for this sale can be found here. 2.33% of the stock is currently owned by insiders.

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.