Oliver Luxxe Assets LLC Has $3.99 Million Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Oliver Luxxe Assets LLC increased its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,535 shares of the company’s stock after buying an additional 2,259 shares during the period. Oliver Luxxe Assets LLC owned about 0.06% of Mr. Cooper Group worth $3,988,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in COOP. Tidal Investments LLC bought a new position in shares of Mr. Cooper Group during the third quarter worth about $2,459,000. World Investment Advisors LLC acquired a new position in shares of Mr. Cooper Group in the 3rd quarter worth approximately $2,537,000. Sanctuary Advisors LLC boosted its stake in shares of Mr. Cooper Group by 137.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 18,843 shares of the company’s stock valued at $1,873,000 after purchasing an additional 10,895 shares during the last quarter. Vestcor Inc acquired a new stake in shares of Mr. Cooper Group during the third quarter worth $640,000. Finally, Barclays PLC increased its position in shares of Mr. Cooper Group by 198.0% during the third quarter. Barclays PLC now owns 132,017 shares of the company’s stock worth $12,170,000 after buying an additional 87,712 shares during the period. 89.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on COOP. Compass Point upped their price target on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays raised their target price on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, Wedbush reissued an “outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Mr. Cooper Group currently has an average rating of “Moderate Buy” and an average target price of $100.57.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the sale, the chief executive officer now directly owns 788,821 shares in the company, valued at approximately $76,973,153.18. This represents a 3.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 90,000 shares of company stock valued at $8,414,400. Company insiders own 2.33% of the company’s stock.

Mr. Cooper Group Stock Performance

NASDAQ:COOP traded down $0.51 on Monday, hitting $94.88. The stock had a trading volume of 212,372 shares, compared to its average volume of 445,009. Mr. Cooper Group Inc. has a 1 year low of $61.38 and a 1 year high of $103.05. The firm’s fifty day simple moving average is $95.97 and its two-hundred day simple moving average is $91.39. The stock has a market cap of $6.07 billion, a P/E ratio of 12.26 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.30. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The business had revenue of $616.00 million during the quarter, compared to the consensus estimate of $548.09 million. During the same quarter last year, the company posted $2.79 earnings per share. The firm’s quarterly revenue was up 32.8% compared to the same quarter last year. Equities research analysts predict that Mr. Cooper Group Inc. will post 10.16 EPS for the current year.

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.