Louisiana State Employees Retirement System Makes New Investment in Mr. Cooper Group Inc. (NASDAQ:COOP)

Louisiana State Employees Retirement System bought a new position in Mr. Cooper Group Inc. (NASDAQ:COOP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 33,000 shares of the company’s stock, valued at approximately $2,149,000.

A number of other large investors have also recently bought and sold shares of COOP. Raymond James Financial Services Advisors Inc. bought a new position in Mr. Cooper Group in the first quarter worth about $642,000. Cetera Advisor Networks LLC lifted its holdings in Mr. Cooper Group by 10.9% in the first quarter. Cetera Advisor Networks LLC now owns 5,435 shares of the company’s stock worth $248,000 after acquiring an additional 533 shares during the last quarter. Citigroup Inc. lifted its holdings in Mr. Cooper Group by 37.5% in the first quarter. Citigroup Inc. now owns 93,768 shares of the company’s stock worth $4,283,000 after acquiring an additional 25,580 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in Mr. Cooper Group by 26.7% in the first quarter. Natixis Advisors L.P. now owns 15,355 shares of the company’s stock worth $701,000 after acquiring an additional 3,239 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Mr. Cooper Group by 4.3% in the first quarter. Bank of Montreal Can now owns 20,963 shares of the company’s stock worth $978,000 after acquiring an additional 869 shares during the last quarter. Institutional investors own 89.82% of the company’s stock.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction that occurred 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 transaction, the chief executive officer now owns 334,631 shares in the company, valued at $26,131,334.79. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $78.09, for a total transaction of $1,952,250.00. Following the transaction, the chief executive officer now directly owns 334,631 shares in the company, valued at approximately $26,131,334.79. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Michael S. Weinbach acquired 17,000 shares of the stock in a transaction on Tuesday, February 13th. The shares were purchased at an average price of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the transaction, the president now owns 17,000 shares in the company, valued at approximately $1,209,720. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 75,000 shares of company stock worth $5,431,500. 3.11% of the stock is owned by insiders.

Mr. Cooper Group Price Performance

Shares of NASDAQ:COOP opened at $75.71 on Thursday. Mr. Cooper Group Inc. has a 12 month low of $41.74 and a 12 month high of $78.54. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 10.31 and a beta of 1.38. The stock’s 50 day moving average price is $74.22 and its 200 day moving average price is $65.54.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings results on Friday, February 9th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.34. The firm had revenue of $404.00 million for the quarter, compared to analyst estimates of $398.31 million. Mr. Cooper Group had a net margin of 27.87% and a return on equity of 12.01%. On average, sell-side analysts expect that Mr. Cooper Group Inc. will post 9.01 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Mr. Cooper Group in a report on Wednesday, January 10th. They set a “buy” rating and a $88.00 price target on the stock. Wedbush lifted their price target on Mr. Cooper Group from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Keefe, Bruyette & Woods lifted their price target on Mr. Cooper Group from $83.00 to $86.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Finally, Barclays lifted their price target on Mr. Cooper Group from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $78.50.

About Mr. Cooper Group

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.