Oliver Luxxe Assets LLC Acquires 375 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Oliver Luxxe Assets LLC boosted its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 1.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,125 shares of the company’s stock after acquiring an additional 375 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Mr. Cooper Group were worth $1,647,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Triasima Portfolio Management inc. purchased a new stake in shares of Mr. Cooper Group during the fourth quarter valued at $1,354,000. Cercano Management LLC bought a new stake in shares of Mr. Cooper Group during the fourth quarter valued at approximately $23,527,000. Vanguard Group Inc. boosted its holdings in shares of Mr. Cooper Group by 1.1% in the third quarter. Vanguard Group Inc. now owns 7,234,258 shares of the company’s stock valued at $387,467,000 after purchasing an additional 77,838 shares during the period. Assenagon Asset Management S.A. grew its stake in Mr. Cooper Group by 12.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,593,780 shares of the company’s stock worth $103,787,000 after purchasing an additional 182,014 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in Mr. Cooper Group by 106.7% during the 4th quarter. Federated Hermes Inc. now owns 20,223 shares of the company’s stock valued at $1,317,000 after purchasing an additional 10,437 shares in the last quarter. 89.82% of the stock is owned by institutional investors.

Mr. Cooper Group Stock Down 0.8 %

Shares of COOP traded down $0.61 during trading hours on Monday, reaching $80.62. 78,194 shares of the company traded hands, compared to its average volume of 447,707. The stock has a market capitalization of $5.22 billion, a P/E ratio of 8.51 and a beta of 1.38. The business has a fifty day moving average price of $81.67 and a 200-day moving average price of $74.29. Mr. Cooper Group Inc. has a 12-month low of $48.01 and a 12-month high of $85.17.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $2.28 earnings per share 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 business had revenue of $564.00 million for the quarter, compared to analyst estimates of $498.15 million. As a group, research analysts predict that Mr. Cooper Group Inc. will post 9.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $81.42, for a total value of $2,035,500.00. Following the sale, the chief executive officer now directly owns 284,631 shares of the company’s stock, valued at $23,174,656.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $81.42, for a total transaction of $2,035,500.00. Following the completion of the transaction, the chief executive officer now directly owns 284,631 shares of the company’s stock, valued at approximately $23,174,656.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael R. Rawls sold 27,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $82.18, for a total transaction of $2,218,860.00. Following the sale, the chief executive officer now directly owns 57,623 shares in the company, valued at $4,735,458.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,000 shares of company stock valued at $6,224,110. 2.33% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on COOP shares. Deutsche Bank Aktiengesellschaft raised their price target on Mr. Cooper Group from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Wedbush upped their target price on Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $92.00 price target (up from $86.00) on shares of Mr. Cooper Group in a research report on Thursday, April 25th. Jefferies Financial Group raised their price objective on Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Finally, Barclays increased their price target on shares of Mr. Cooper Group from $85.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.13.

About Mr. Cooper Group

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.