Oliver Luxxe Assets LLC Buys 2,259 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Oliver Luxxe Assets LLC boosted its position in Mr. Cooper Group Inc. (NASDAQ:COOP) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,535 shares of the company’s stock after purchasing an additional 2,259 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Mr. Cooper Group were worth $3,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Aristeia Capital L.L.C. lifted its stake in Mr. Cooper Group by 4.2% in the second quarter. Aristeia Capital L.L.C. now owns 4,197 shares of the company’s stock worth $341,000 after purchasing an additional 169 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Mr. Cooper Group by 1.6% in the second quarter. Truist Financial Corp now owns 11,840 shares of the company’s stock worth $962,000 after buying an additional 187 shares during the period. Evergreen Capital Management LLC lifted its stake in shares of Mr. Cooper Group by 4.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,236 shares of the company’s stock valued at $425,000 after acquiring an additional 211 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in Mr. Cooper Group by 7.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,021 shares of the company’s stock valued at $278,000 after acquiring an additional 213 shares during the period. Finally, Blue Trust Inc. grew its position in Mr. Cooper Group by 71.8% during the 3rd quarter. Blue Trust Inc. now owns 572 shares of the company’s stock worth $53,000 after acquiring an additional 239 shares during the last quarter. Institutional investors own 89.82% of the company’s stock.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the completion of the transaction, the chief executive officer now owns 788,821 shares of the company’s stock, valued at approximately $76,973,153.18. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 90,000 shares of company stock valued at $8,414,400 over the last ninety days. Company insiders own 2.33% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on COOP. Barclays boosted their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Wedbush reiterated an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, October 24th. Finally, Compass Point increased their price target on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $100.57.

Mr. Cooper Group Stock Performance

Shares of NASDAQ COOP traded down $0.51 during midday trading on Monday, hitting $94.88. 212,372 shares of the company traded hands, compared to its average volume of 445,009. Mr. Cooper Group Inc. has a 12-month low of $61.38 and a 12-month high of $103.05. The firm has a market cap of $6.07 billion, a P/E ratio of 12.26 and a beta of 1.43. The stock has a 50-day moving average price of $95.97 and a 200 day moving average price of $91.39.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The business had revenue of $616.00 million for the quarter, compared to analysts’ expectations of $548.09 million. During the same period in the previous year, the firm posted $2.79 EPS. The business’s revenue was up 32.8% on a year-over-year basis. As a group, equities analysts expect that Mr. Cooper Group Inc. will post 10.16 earnings per share for the current 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.