Kapitalo Investimentos Ltda Buys New Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)

Kapitalo Investimentos Ltda purchased a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 4,701 shares of the company’s stock, valued at approximately $306,000.

A number of other institutional investors have also modified their holdings of the company. USA Financial Formulas acquired a new position in Mr. Cooper Group in the 4th quarter valued at about $25,000. GAMMA Investing LLC purchased a new position in shares of Mr. Cooper Group in the fourth quarter valued at approximately $61,000. Quest Partners LLC purchased a new stake in Mr. Cooper Group during the 4th quarter worth approximately $61,000. Centaurus Financial Inc. purchased a new stake in Mr. Cooper Group during the 4th quarter worth approximately $101,000. Finally, Headlands Technologies LLC lifted 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 buying an additional 1,427 shares in the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

Mr. Cooper Group Stock Performance

Shares of COOP stock traded down $0.27 during mid-day trading on Tuesday, hitting $82.43. 31,518 shares of the stock were exchanged, compared to its average volume of 435,827. Mr. Cooper Group Inc. has a 12-month low of $48.01 and a 12-month high of $85.17. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 8.66 and a beta of 1.38. The stock’s fifty day simple moving average is $80.74 and its two-hundred day simple moving average is $73.18.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Wednesday, April 24th. The company reported $2.28 EPS 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 analyst estimates of $498.15 million. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. On average, research analysts expect that Mr. Cooper Group Inc. will post 9.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were 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 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 through this link. In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were 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 approximately $24,395,826.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael R. Rawls sold 27,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now 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. Insiders sold a total of 102,000 shares of company stock worth $8,176,360 in the last 90 days. Company insiders own 2.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Deutsche Bank Aktiengesellschaft upped 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. Keefe, Bruyette & Woods reissued 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. Barclays upped 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, 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 research note on Thursday, April 25th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus 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.