Penbrook Management LLC Makes New Investment in Mr. Cooper Group Inc. (NASDAQ:COOP)

Penbrook Management LLC acquired a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 12,180 shares of the company’s stock, valued at approximately $949,000.

Several other institutional investors have also modified their holdings of the company. AlphaMark Advisors LLC lifted its position in shares of Mr. Cooper Group by 6.9% during the 1st quarter. AlphaMark Advisors LLC now owns 4,675 shares of the company’s stock worth $364,000 after purchasing an additional 301 shares during the last quarter. Oliver Luxxe Assets LLC lifted its position in shares of Mr. Cooper Group by 1.8% during the 1st quarter. Oliver Luxxe Assets LLC now owns 21,125 shares of the company’s stock worth $1,647,000 after purchasing an additional 375 shares during the last quarter. Harbour Capital Advisors LLC lifted its position in shares of Mr. Cooper Group by 79.6% during the 1st quarter. Harbour Capital Advisors LLC now owns 11,955 shares of the company’s stock worth $907,000 after purchasing an additional 5,300 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Mr. Cooper Group by 20.6% during the 1st quarter. GAMMA Investing LLC now owns 1,085 shares of the company’s stock worth $85,000 after purchasing an additional 185 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Mr. Cooper Group during the 4th quarter worth $306,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

Mr. Cooper Group Price Performance

Shares of NASDAQ:COOP traded up $0.22 on Tuesday, reaching $80.48. The company’s stock had a trading volume of 323,274 shares, compared to its average volume of 448,595. The stock’s 50-day moving average is $81.71 and its two-hundred day moving average is $74.38. Mr. Cooper Group Inc. has a 52-week low of $48.01 and a 52-week high of $85.17. The stock has a market capitalization of $5.21 billion, a P/E ratio of 8.40 and a beta of 1.39.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Wednesday, April 24th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.17. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%. The business had revenue of $564.00 million during the quarter, compared to analysts’ expectations of $498.15 million. Equities analysts forecast that Mr. Cooper Group Inc. will post 9.48 earnings per share for the current fiscal year.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $78.79, for a total transaction of $1,969,750.00. Following the transaction, 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 document filed with the SEC, which is available at this hyperlink. In other news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $78.79, for a total transaction of $1,969,750.00. Following the transaction, 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 document filed with the SEC, which is available at this hyperlink. Also, CEO Michael R. Rawls sold 27,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 57,623 shares in the company, valued at $4,735,458.14. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock worth $8,247,360 over the last ninety days. 2.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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