2,089 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Acquired by Sage Rhino Capital LLC

Sage Rhino Capital LLC purchased a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP) during the fourth quarter, Holdings Channel reports. The firm purchased 2,089 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds have also recently bought and sold shares of COOP. State Street Corp increased its holdings in shares of Mr. Cooper Group by 1.9% during the third quarter. State Street Corp now owns 2,726,946 shares of the company’s stock worth $251,370,000 after buying an additional 51,667 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Mr. Cooper Group by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock valued at $84,471,000 after purchasing an additional 52,001 shares in the last quarter. Veridan Wealth LLC acquired a new stake in Mr. Cooper Group during the 4th quarter valued at $56,244,000. Basswood Capital Management L.L.C. raised its position in Mr. Cooper Group by 36.6% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company’s stock valued at $45,744,000 after purchasing an additional 132,970 shares during the last quarter. Finally, FMR LLC boosted its stake in Mr. Cooper Group by 42.9% in the third quarter. FMR LLC now owns 485,907 shares of the company’s stock worth $44,791,000 after purchasing an additional 145,767 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total value of $2,834,700.00. Following the completion of the sale, the chief executive officer now owns 758,821 shares of the company’s stock, valued at approximately $71,700,996.29. This represents a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on COOP shares. Barclays raised their target price on Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. UBS Group raised their price objective on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Citizens Jmp upgraded shares of Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Piper Sandler raised their price target on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods upped their price objective on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.22.

Mr. Cooper Group Stock Performance

Shares of COOP stock opened at $110.98 on Tuesday. The firm’s 50 day moving average price is $102.64 and its two-hundred day moving average price is $96.93. Mr. Cooper Group Inc. has a 52-week low of $70.01 and a 52-week high of $114.05. The stock has a market cap of $7.06 billion, a PE ratio of 10.90, a PEG ratio of 0.32 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. As a group, sell-side analysts predict that Mr. Cooper Group Inc. will post 13.17 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.