Quadrature Capital Ltd Grows Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Quadrature Capital Ltd raised its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 27.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,629 shares of the company’s stock after purchasing an additional 6,681 shares during the quarter. Quadrature Capital Ltd’s holdings in Mr. Cooper Group were worth $1,997,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its position in shares of Mr. Cooper Group by 6.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 731,025 shares of the company’s stock worth $39,154,000 after purchasing an additional 43,121 shares during the last quarter. HighTower Advisors LLC bought a new position in Mr. Cooper Group during the third quarter valued at approximately $348,000. DekaBank Deutsche Girozentrale grew its position in Mr. Cooper Group by 58.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 7,931 shares of the company’s stock valued at $428,000 after acquiring an additional 2,931 shares during the last quarter. QRG Capital Management Inc. bought a new position in Mr. Cooper Group during the third quarter valued at approximately $327,000. Finally, Invesco Ltd. grew its position in Mr. Cooper Group by 42.4% during the third quarter. Invesco Ltd. now owns 593,380 shares of the company’s stock valued at $31,781,000 after acquiring an additional 176,785 shares during the last quarter. 89.82% of the stock is owned by hedge funds and other institutional investors.

Mr. Cooper Group Trading Up 1.1 %

Shares of Mr. Cooper Group stock opened at $82.70 on Tuesday. The firm has a market capitalization of $5.35 billion, a P/E ratio of 8.66 and a beta of 1.38. The business has a fifty day simple moving average of $80.74 and a two-hundred day simple moving average of $73.18. Mr. Cooper Group Inc. has a 12 month low of $48.01 and a 12 month high of $85.17.

Mr. Cooper Group (NASDAQ:COOP) last announced 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. The business had revenue of $564.00 million during 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%. Analysts predict that Mr. Cooper Group Inc. will post 9.48 earnings per share for the current year.

Insider Activity

In related news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $78.09, for a total value of $1,952,250.00. Following the completion of the sale, the chief executive officer now directly owns 334,631 shares in the company, valued at approximately $26,131,334.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Mr. Cooper Group news, 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 completion of the sale, the chief executive officer now directly owns 57,623 shares in the company, valued at approximately $4,735,458.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $78.09, for a total value of $1,952,250.00. Following the sale, the chief executive officer now owns 334,631 shares of the company’s stock, valued at $26,131,334.79. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock worth $8,176,360 over the last three months. 2.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on COOP shares. Wedbush increased 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. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $92.00 price target (up from $86.00) on shares of Mr. Cooper Group in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Mr. Cooper Group from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Barclays increased 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. Finally, Jefferies Financial Group raised their target price on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average 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.