Quantinno Capital Management LP Invests $298,000 in Mr. Cooper Group Inc. (NASDAQ:COOP)

Quantinno Capital Management LP acquired a new position in Mr. Cooper Group Inc. (NASDAQ:COOP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,100 shares of the company’s stock, valued at approximately $298,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Picton Mahoney Asset Management increased its stake in shares of Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock worth $31,000 after purchasing an additional 95 shares in the last quarter. Asset Planning Inc bought a new position in Mr. Cooper Group in the 4th quarter worth $48,000. Kapitalo Investimentos Ltda bought a new position in Mr. Cooper Group in the 4th quarter worth $70,000. Covestor Ltd boosted its holdings in Mr. Cooper Group by 418.9% in the 4th quarter. Covestor Ltd now owns 742 shares of the company’s stock worth $71,000 after buying an additional 599 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Mr. Cooper Group by 38.8% in the 4th quarter. Blue Trust Inc. now owns 794 shares of the company’s stock worth $76,000 after buying an additional 222 shares during the period. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Mr. Cooper Group Stock Up 1.6%

COOP opened at $129.50 on Tuesday. The firm has a 50-day simple moving average of $118.35 and a two-hundred day simple moving average of $107.03. Mr. Cooper Group Inc. has a 52 week low of $78.20 and a 52 week high of $138.35. The company has a market capitalization of $8.29 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.81 by $0.16. The business had revenue of $560.00 million during the quarter, compared to the consensus estimate of $620.57 million. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.73 EPS. As a group, sell-side analysts expect that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on COOP. Citizens Jmp downgraded shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th. Keefe, Bruyette & Woods upped their target price on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a “market perform” rating in a report on Tuesday, April 8th. Barclays upped their target price on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. Finally, UBS Group increased their price objective on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.14.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the sale, the chief executive officer now directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. This represents a 4.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.73% of the company’s stock.

Mr. Cooper Group 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.