Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lowered its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 57.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,150 shares of the company’s stock after selling 1,571 shares during the quarter. Headlands Technologies LLC’s holdings in Mr. Cooper Group were worth $93,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in Mr. Cooper Group by 984.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock worth $30,476,000 after acquiring an additional 354,905 shares in the last quarter. K2 Principal Fund L.P. raised its position in Mr. Cooper Group by 97.7% in the fourth quarter. K2 Principal Fund L.P. now owns 279,510 shares of the company’s stock worth $18,202,000 after acquiring an additional 138,147 shares in the last quarter. 1832 Asset Management L.P. bought a new stake in Mr. Cooper Group in the first quarter worth about $5,301,000. Allianz Asset Management GmbH raised its position in Mr. Cooper Group by 2,060.4% in the fourth quarter. Allianz Asset Management GmbH now owns 102,423 shares of the company’s stock worth $6,670,000 after acquiring an additional 97,682 shares in the last quarter. Finally, Sei Investments Co. raised its position in Mr. Cooper Group by 68.2% in the first quarter. Sei Investments Co. now owns 36,139 shares of the company’s stock worth $2,817,000 after acquiring an additional 14,652 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on COOP. Barclays boosted their price target on shares of Mr. Cooper Group from $94.00 to $103.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Piper Sandler boosted their price objective on Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods downgraded Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price objective on the stock. in a report on Monday, July 22nd. Finally, Wedbush boosted their price objective on Mr. Cooper Group from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.88.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $80.93, for a total value of $2,023,250.00. Following the completion of the sale, the chief executive officer now owns 259,631 shares of the company’s stock, valued at approximately $21,011,936.83. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.33% of the stock is currently owned by company insiders.

Mr. Cooper Group Price Performance

Shares of COOP opened at $94.53 on Monday. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 9.90 and a beta of 1.41. Mr. Cooper Group Inc. has a fifty-two week low of $52.46 and a fifty-two week high of $95.74. The business’s 50-day moving average is $88.62 and its 200-day moving average is $82.36.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Thursday, July 25th. The company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.33 by $0.19. The company had revenue of $583.00 million for the quarter, compared to the consensus estimate of $552.09 million. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.66 EPS. Equities research analysts expect that Mr. Cooper Group Inc. will post 9.86 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.