Strs Ohio Buys 1,100 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Strs Ohio lifted its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 23.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,700 shares of the company’s stock after purchasing an additional 1,100 shares during the quarter. Strs Ohio’s holdings in Mr. Cooper Group were worth $371,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Triasima Portfolio Management inc. bought a new stake in shares of Mr. Cooper Group during the 4th quarter valued at $1,354,000. Vanguard Group Inc. grew its position in Mr. Cooper Group by 1.1% during the third quarter. Vanguard Group Inc. now owns 7,234,258 shares of the company’s stock worth $387,467,000 after buying an additional 77,838 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Mr. Cooper Group by 12.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,593,780 shares of the company’s stock worth $103,787,000 after buying an additional 182,014 shares in the last quarter. Hsbc Holdings PLC grew its position in Mr. Cooper Group by 383.5% during the third quarter. Hsbc Holdings PLC now owns 146,704 shares of the company’s stock worth $7,878,000 after buying an additional 116,360 shares in the last quarter. Finally, Cambria Investment Management L.P. grew its position in Mr. Cooper Group by 6.6% during the third quarter. Cambria Investment Management L.P. now owns 168,423 shares of the company’s stock worth $9,021,000 after buying an additional 10,486 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Trading Down 0.0 %

NASDAQ:COOP opened at $78.73 on Monday. The company 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 12 month low of $41.74 and a 12 month high of $81.98. The business’s 50-day moving average is $75.09 and its 200 day moving average is $66.81.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate 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 earnings per share for the current year.

Insider Activity

In related news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was 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 of the company’s stock, valued at $26,131,334.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $78.09, for a total transaction of $1,952,250.00. Following the completion of the sale, 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 can be accessed through this link. Also, President Michael S. Weinbach acquired 17,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the acquisition, 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. Insiders own 2.33% of the company’s stock.

Analyst Upgrades and Downgrades

COOP has been the subject of several recent analyst reports. 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 report on Friday, April 19th. Barclays boosted their target price on Mr. Cooper Group from $85.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday. Wedbush boosted their target price on Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft boosted their target price on Mr. Cooper Group from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $92.00 price objective (up from $86.00) on shares of Mr. Cooper Group in a report on Thursday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.22.

Mr. Cooper Group Company 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.