Maryland State Retirement & Pension System Sells 687 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

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

Several other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new stake in Mr. Cooper Group in the 4th quarter worth approximately $61,000. Headlands Technologies LLC lifted its position in Mr. Cooper Group by 637.1% in the fourth quarter. Headlands Technologies LLC now owns 1,651 shares of the company’s stock worth $108,000 after purchasing an additional 1,427 shares during the period. Global Retirement Partners LLC increased its holdings in 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 buying an additional 1,705 shares during the period. CI Investments Inc. acquired a new position in shares of Mr. Cooper Group in the 3rd quarter valued at $158,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Mr. Cooper Group during the 3rd quarter valued at about $198,000. 89.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group lifted their price objective on Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a report on Friday, April 19th. 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 report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mr. Cooper Group from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $92.00 price objective (up previously from $86.00) on shares of Mr. Cooper Group in a research note on Thursday, April 25th. Finally, Wedbush lifted their price target on Mr. Cooper Group from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $82.22.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was 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 owns 366,051 shares of the company’s stock, valued at approximately $26,212,912.11. The transaction 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 Thursday, February 29th. The stock was sold at an average price of $71.61, for a total value of $1,790,250.00. Following the transaction, the chief executive officer now directly owns 366,051 shares of the company’s stock, valued at approximately $26,212,912.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael S. Weinbach purchased 17,000 shares of Mr. Cooper Group stock in a transaction on Tuesday, February 13th. The stock was bought at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the acquisition, the president now directly owns 17,000 shares of the company’s stock, valued at approximately $1,209,720. The disclosure for this purchase can be found here. Insiders have sold 75,000 shares of company stock valued at $5,712,250 over the last three months. 2.33% of the stock is owned by insiders.

Mr. Cooper Group Stock Performance

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

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $564.00 million during the quarter, compared to analysts’ expectations of $498.15 million. Research analysts forecast that Mr. Cooper Group Inc. will post 9.48 earnings per share for the current fiscal year.

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.