Autumn Glory Partners LLC Invests $288,000 in Mr. Cooper Group Inc. (NASDAQ:COOP)

Autumn Glory Partners LLC acquired a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,000 shares of the company’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Asset Planning Inc acquired a new stake in Mr. Cooper Group in the 4th quarter valued at $48,000. Graham Capital Wealth Management LLC acquired a new stake in Mr. Cooper Group in the 4th quarter valued at $2,276,000. Spire Wealth Management acquired a new stake in Mr. Cooper Group in the 4th quarter valued at $1,480,000. Penbrook Management LLC grew its stake in Mr. Cooper Group by 37.9% in the 4th quarter. Penbrook Management LLC now owns 15,725 shares of the company’s stock valued at $1,510,000 after acquiring an additional 4,325 shares during the period. Finally, KBC Group NV grew its stake in Mr. Cooper Group by 88.7% in the 4th quarter. KBC Group NV now owns 3,306 shares of the company’s stock valued at $317,000 after acquiring an additional 1,554 shares during the period. Institutional investors and hedge funds own 89.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on COOP shares. 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. JMP Securities reissued a “market outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday. Compass Point lifted 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 note on Thursday, October 24th. Barclays lifted their target price on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Mr. Cooper Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.38.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the transaction, the chief executive officer now owns 758,821 shares in the company, valued at $71,700,996.29. The trade was a 3.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.33% of the company’s stock.

Mr. Cooper Group Stock Down 0.7 %

Shares of COOP opened at $107.86 on Friday. Mr. Cooper Group Inc. has a 52-week low of $70.01 and a 52-week high of $109.72. The firm’s fifty day moving average is $99.48 and its two-hundred day moving average is $94.99. The stock has a market cap 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 posted 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, research analysts anticipate that Mr. Cooper Group Inc. will post 10.18 earnings per share for the current year.

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.