Sivia Capital Partners LLC Acquires Shares of 3,575 Mr. Cooper Group Inc. (NASDAQ:COOP)

Sivia Capital Partners LLC acquired a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,575 shares of the company’s stock, valued at approximately $233,000.

Other hedge funds have also bought and sold shares of the company. Exchange Traded Concepts LLC grew its holdings in shares of Mr. Cooper Group by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 12,642 shares of the company’s stock worth $823,000 after purchasing an additional 180 shares during the last quarter. Arizona State Retirement System grew its holdings in Mr. Cooper Group by 1.5% during the 4th quarter. Arizona State Retirement System now owns 18,688 shares of the company’s stock worth $1,217,000 after acquiring an additional 279 shares in the last quarter. Assetmark Inc. grew its holdings in Mr. Cooper Group by 3.2% during the 4th quarter. Assetmark Inc. now owns 9,736 shares of the company’s stock worth $634,000 after acquiring an additional 299 shares in the last quarter. USA Financial Formulas bought a new position in Mr. Cooper Group during the 4th quarter worth about $25,000. Finally, VELA Investment Management LLC grew its holdings in Mr. Cooper Group by 7.0% during the 4th quarter. VELA Investment Management LLC now owns 6,146 shares of the company’s stock worth $400,000 after acquiring an additional 403 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $78.79, for a total value of $1,969,750.00. Following the completion of the transaction, the chief executive officer now directly owns 309,631 shares of the company’s stock, valued at approximately $24,395,826.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Michael R. Rawls sold 27,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $82.18, for a total value of $2,218,860.00. Following the completion of the transaction, the chief executive officer now directly owns 57,623 shares of the company’s stock, valued at approximately $4,735,458.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $78.79, for a total transaction of $1,969,750.00. Following the transaction, the chief executive officer now directly owns 309,631 shares of the company’s stock, valued at $24,395,826.49. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $8,176,360 in the last three months. 2.33% of the stock is owned by insiders.

Mr. Cooper Group Stock Performance

COOP stock opened at $82.70 on Tuesday. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 8.66 and a beta of 1.38. The firm has a 50-day simple moving average of $80.74 and a two-hundred day simple moving average of $73.18. Mr. Cooper Group Inc. has a one year low of $48.01 and a one year high of $85.17.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results 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 net margin of 31.75% and a return on equity of 13.31%. As a group, equities analysts predict that Mr. Cooper Group Inc. will post 9.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

COOP has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Mr. Cooper Group from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $92.00 target price (up from $86.00) on shares of Mr. Cooper Group in a report on Thursday, April 25th. Jefferies Financial Group increased 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. Barclays increased 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. Finally, 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. 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 stock has an average rating of “Moderate Buy” and an average price target 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.