Headlands Technologies LLC Grows Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Headlands Technologies LLC raised its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 637.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,651 shares of the company’s stock after buying an additional 1,427 shares during the quarter. Headlands Technologies LLC’s holdings in Mr. Cooper Group were worth $108,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Triasima Portfolio Management inc. acquired a new position in Mr. Cooper Group during the fourth quarter worth approximately $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 valued at $387,467,000 after acquiring an additional 77,838 shares during the period. Assenagon Asset Management S.A. increased its stake 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 acquiring an additional 182,014 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Mr. Cooper Group by 383.5% in the 3rd quarter. Hsbc Holdings PLC now owns 146,704 shares of the company’s stock worth $7,878,000 after purchasing an additional 116,360 shares during the period. Finally, Cambria Investment Management L.P. lifted its stake in shares of Mr. Cooper Group by 6.6% in the 3rd quarter. Cambria Investment Management L.P. now owns 168,423 shares of the company’s stock valued at $9,021,000 after purchasing an additional 10,486 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Stock Up 0.6 %

COOP stock opened at $79.24 on Tuesday. The stock’s 50 day moving average is $75.21 and its two-hundred day moving average is $66.98. Mr. Cooper Group Inc. has a 52-week low of $41.74 and a 52-week high of $81.98. The company has a market capitalization of $5.13 billion, a PE ratio of 8.30 and a beta of 1.38.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.17. The business had revenue of $564.00 million during the quarter, compared to analyst estimates of $498.15 million. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%. As a group, sell-side analysts anticipate that Mr. Cooper Group Inc. will post 9.48 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wedbush boosted their price objective on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Barclays raised their price objective on Mr. Cooper Group from $85.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $92.00 target price (up previously from $86.00) on shares of Mr. Cooper Group in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft raised their target price on Mr. Cooper Group from $88.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, Jefferies Financial Group upped their price target on Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, April 19th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.22.

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 334,631 shares of the company’s stock, valued at $26,131,334.79. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Mr. Cooper Group news, President Michael S. Weinbach purchased 17,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were bought at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the acquisition, the president now owns 17,000 shares in the company, valued at approximately $1,209,720. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jesse K. Bray sold 25,000 shares of the business’s 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 disclosure for this sale can be found here. Insiders own 2.33% of the company’s stock.

Mr. Cooper Group 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.