Maryland State Retirement & Pension System Lowers Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Maryland State Retirement & Pension System trimmed its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,936 shares of the company’s stock after selling 687 shares during the period. Maryland State Retirement & Pension System’s holdings in Mr. Cooper Group were worth $1,559,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC purchased a new position in shares of Mr. Cooper Group in the fourth quarter valued at $61,000. Headlands Technologies LLC grew its holdings in Mr. Cooper Group by 637.1% during the 4th quarter. Headlands Technologies LLC now owns 1,651 shares of the company’s stock worth $108,000 after acquiring an additional 1,427 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Mr. Cooper Group by 3,552.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,753 shares of the company’s stock valued at $109,000 after purchasing an additional 1,705 shares in the last quarter. CI Investments Inc. purchased a new stake in shares of Mr. Cooper Group in the 3rd quarter worth approximately $158,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Mr. Cooper Group in the 3rd quarter worth approximately $198,000. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the business’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 directly owns 309,631 shares of the company’s stock, valued at $24,395,826.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mr. Cooper Group news, President Michael S. Weinbach purchased 17,000 shares of the stock in a transaction on Tuesday, February 13th. The shares were bought at an average price of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the transaction, the president now owns 17,000 shares of the company’s stock, valued at approximately $1,209,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the chief executive officer now directly owns 309,631 shares of the company’s stock, valued at $24,395,826.49. The disclosure for this sale can be found here. Insiders have sold a total of 75,000 shares of company stock valued at $5,712,250 over the last ninety days. Company insiders own 2.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

Mr. Cooper Group Stock Performance

Shares of Mr. Cooper Group stock traded down $0.04 during trading on Wednesday, hitting $81.73. 11,430 shares of the company’s stock were exchanged, compared to its average volume of 470,454. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 8.56 and a beta of 1.41. The business has a 50-day simple moving average of $76.04 and a 200-day simple moving average of $68.03. Mr. Cooper Group Inc. has a 52-week low of $42.07 and a 52-week high of $82.82.

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