Mr. Cooper Group (NASDAQ:COOP) Hits New 52-Week High at $78.30

Mr. Cooper Group Inc. (NASDAQ:COOP) shares reached a new 52-week high on Thursday . The stock traded as high as $78.30 and last traded at $78.00, with a volume of 12089 shares traded. The stock had previously closed at $78.01.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wedbush boosted their price objective on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. UBS Group initiated coverage on shares of Mr. Cooper Group in a research report on Wednesday, December 6th. They set a “buy” rating and a $80.00 price objective on the stock. Barclays boosted their price objective on shares of Mr. Cooper Group from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mr. Cooper Group in a research report on Wednesday, January 10th. They issued a “buy” rating and a $88.00 target price on the stock. Finally, Keefe, Bruyette & Woods upped their price target on shares of Mr. Cooper Group from $81.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $77.50.

Mr. Cooper Group Trading Up 0.0 %

The company’s 50 day moving average price is $71.11 and its two-hundred day moving average price is $63.14. The stock has a market cap of $5.04 billion, a P/E ratio of 10.63 and a beta of 1.37.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.34. The firm had revenue of $404.00 million for the quarter, compared to analysts’ expectations of $398.31 million. Mr. Cooper Group had a net margin of 27.87% and a return on equity of 12.01%. On average, sell-side analysts anticipate that Mr. Cooper Group Inc. will post 8.69 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $71.61, for a total value of $1,790,250.00. Following the completion of the sale, the chief executive officer now directly owns 366,051 shares of the company’s stock, valued at approximately $26,212,912.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, President Michael S. Weinbach acquired 17,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was acquired at an average cost of $71.16 per share, with a total value of $1,209,720.00. Following the acquisition, the president now directly owns 17,000 shares in the company, valued at approximately $1,209,720. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $71.61, for a total transaction of $1,790,250.00. Following the sale, the chief executive officer now directly owns 366,051 shares of the company’s stock, valued at $26,212,912.11. The disclosure for this sale can be found here. 3.11% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Exchange Traded Concepts LLC grew its holdings in shares of Mr. Cooper Group by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 12,642 shares of the company’s stock valued at $823,000 after purchasing an additional 180 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Mr. Cooper Group by 3.6% in the second quarter. PNC Financial Services Group Inc. now owns 5,701 shares of the company’s stock worth $289,000 after buying an additional 197 shares during the last quarter. Mariner LLC lifted its position in Mr. Cooper Group by 5.0% in the third quarter. Mariner LLC now owns 4,803 shares of the company’s stock worth $257,000 after buying an additional 230 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Mr. Cooper Group by 3.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 6,561 shares of the company’s stock worth $351,000 after buying an additional 247 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Mr. Cooper Group by 55.1% during the third quarter. Federated Hermes Inc. now owns 752 shares of the company’s stock worth $30,000 after purchasing an additional 267 shares during the last quarter. 89.82% of the stock is owned by hedge funds and other institutional investors.

Mr. Cooper Group Company 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.