Oliver Luxxe Assets LLC Has $1.65 Million Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Oliver Luxxe Assets LLC lifted its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,125 shares of the company’s stock after acquiring an additional 375 shares during the period. Oliver Luxxe Assets LLC’s holdings in Mr. Cooper Group were worth $1,647,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. USA Financial Formulas bought a new position in Mr. Cooper Group in the fourth quarter valued at $25,000. GAMMA Investing LLC acquired a new stake in shares of Mr. Cooper Group in the 4th quarter valued at approximately $61,000. Quest Partners LLC bought a new position in shares of Mr. Cooper Group in the fourth quarter valued at $61,000. Centaurus Financial Inc. acquired a new position in Mr. Cooper Group during the fourth quarter worth $101,000. Finally, Headlands Technologies LLC lifted its stake in Mr. Cooper Group by 637.1% in the fourth quarter. Headlands Technologies LLC now owns 1,651 shares of the company’s stock valued at $108,000 after acquiring an additional 1,427 shares during the last quarter. 89.82% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $78.79, for a total value of $1,969,750.00. Following the completion of the transaction, the chief executive officer now owns 309,631 shares of the company’s stock, valued at $24,395,826.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $78.79, for a total value of $1,969,750.00. Following the completion of the sale, the chief executive officer now directly owns 309,631 shares in the company, valued at $24,395,826.49. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael R. Rawls sold 27,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $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 worth $6,224,110. Insiders own 2.33% of the company’s stock.

Mr. Cooper Group Stock Down 0.8 %

Shares of COOP traded down $0.61 during midday trading on Monday, hitting $80.62. The company’s stock had a trading volume of 78,194 shares, compared to its average volume of 447,707. The company’s fifty day simple moving average is $81.67 and its two-hundred day simple moving average is $74.29. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 8.51 and a beta of 1.38. Mr. Cooper Group Inc. has a one year low of $48.01 and a one year high of $85.17.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.11 by $0.17. The business had revenue of $564.00 million during the quarter, compared to the consensus estimate of $498.15 million. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%. On average, research analysts predict that Mr. Cooper Group Inc. will post 9.48 earnings per share for the current year.

Analyst Ratings Changes

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