Autumn Glory Partners LLC Acquires New Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Autumn Glory Partners LLC acquired a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,000 shares of the company’s stock, valued at approximately $288,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of COOP. Dakota Wealth Management boosted its holdings in Mr. Cooper Group by 0.7% in the fourth quarter. Dakota Wealth Management now owns 27,695 shares of the company’s stock valued at $2,659,000 after purchasing an additional 181 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in Mr. Cooper Group by 7.6% in the third quarter. First Trust Direct Indexing L.P. now owns 3,021 shares of the company’s stock valued at $278,000 after purchasing an additional 213 shares in the last quarter. Blue Trust Inc. boosted its holdings in Mr. Cooper Group by 71.8% in the third quarter. Blue Trust Inc. now owns 572 shares of the company’s stock valued at $53,000 after purchasing an additional 239 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in Mr. Cooper Group by 152.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after purchasing an additional 270 shares in the last quarter. Finally, Financial Management Professionals Inc. acquired a new position in Mr. Cooper Group in the third quarter valued at approximately $30,000. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JMP Securities reiterated a “market outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday. Piper Sandler boosted their price objective on Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price objective on Mr. Cooper Group from $105.00 to $115.00 and gave the company a “market perform” rating in a research note on Thursday. Barclays boosted their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Wedbush reiterated an “outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mr. Cooper Group presently has an average rating of “Moderate Buy” and an average target price of $109.38.

Mr. Cooper Group Price Performance

Mr. Cooper Group stock opened at $107.86 on Friday. Mr. Cooper Group Inc. has a 12 month low of $70.01 and a 12 month high of $109.72. The business has a 50 day simple moving average of $99.48 and a 200-day simple moving average of $94.99. The stock has a market capitalization of $6.90 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 0.31 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. As a group, equities research analysts anticipate that Mr. Cooper Group Inc. will post 10.18 EPS for the current year.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $94.49, for a total value of $2,834,700.00. Following the completion of the transaction, the chief executive officer now owns 758,821 shares in the company, valued at approximately $71,700,996.29. This represents a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.33% of the stock is currently owned by company insiders.

Mr. Cooper Group Company 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.