Mr. Cooper Group (NASDAQ:COOP) Sets New 52-Week High at $85.51

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) reached a new 52-week high on Friday . The company traded as high as $85.51 and last traded at $85.51, with a volume of 11631 shares changing hands. The stock had previously closed at $84.15.

Analyst Ratings Changes

COOP has been the subject of a number of recent analyst reports. Barclays lifted their target price on Mr. Cooper Group from $85.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Keefe, Bruyette & Woods boosted their price objective on Mr. Cooper Group from $92.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday. Wedbush boosted their price objective on Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on Mr. Cooper Group from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Jefferies Financial Group boosted their price objective on Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, April 19th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.50.

Mr. Cooper Group Price Performance

The company has a market capitalization of $5.53 billion, a PE ratio of 8.81 and a beta of 1.39. The company has a 50 day moving average of $82.02 and a two-hundred day moving average of $75.11.

Mr. Cooper Group (NASDAQ:COOP) last released 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. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. The company had revenue of $564.00 million for the quarter, compared to analysts’ expectations of $498.15 million. On average, equities analysts anticipate that Mr. Cooper Group Inc. will post 9.42 EPS for the current year.

Insider Buying and Selling

In other news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael R. Rawls sold 27,000 shares of Mr. Cooper Group stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $82.18, for a total value of $2,218,860.00. Following the completion of the sale, the chief executive officer now directly owns 57,623 shares of the company’s stock, valued at $4,735,458.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction dated 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 sale, 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 sold 102,000 shares of company stock worth $8,247,360 in the last three months. 2.33% of the stock is owned by insiders.

Institutional Trading of Mr. Cooper Group

Institutional investors have recently bought and sold shares of the business. USA Financial Formulas purchased a new stake in Mr. Cooper Group during the 4th quarter worth about $25,000. CWM LLC boosted its stake in shares of Mr. Cooper Group by 34.5% during the 2nd quarter. CWM LLC now owns 601 shares of the company’s stock worth $49,000 after acquiring an additional 154 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Mr. Cooper Group in the 4th quarter valued at approximately $61,000. Quest Partners LLC purchased a new stake in Mr. Cooper Group in the 4th quarter valued at approximately $61,000. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Mr. Cooper Group during the 1st quarter worth $85,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

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.