2,180 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Purchased by Verition Fund Management LLC

Verition Fund Management LLC acquired a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,180 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its holdings in Mr. Cooper Group by 11.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company’s stock valued at $114,988,000 after buying an additional 125,055 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Mr. Cooper Group by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock valued at $84,471,000 after buying an additional 52,001 shares during the period. LSV Asset Management grew its holdings in Mr. Cooper Group by 249.2% in the 2nd quarter. LSV Asset Management now owns 633,260 shares of the company’s stock valued at $51,440,000 after buying an additional 451,926 shares during the period. FMR LLC lifted its stake in shares of Mr. Cooper Group by 42.9% in the 3rd quarter. FMR LLC now owns 485,907 shares of the company’s stock valued at $44,791,000 after purchasing an additional 145,767 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in shares of Mr. Cooper Group in the 2nd quarter valued at about $21,609,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 788,821 shares in the company, valued at $76,973,153.18. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.33% of the stock is owned by company insiders.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock opened at $98.23 on Tuesday. The stock’s 50 day moving average price is $95.45 and its 200 day moving average price is $90.12. The firm has a market capitalization of $6.28 billion, a PE ratio of 12.69 and a beta of 1.41. Mr. Cooper Group Inc. has a one year low of $61.38 and a one year high of $103.05.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 earnings per share (EPS) for the quarter, topping 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 company had revenue of $616.00 million for the quarter, compared to the consensus estimate of $548.09 million. During the same period in the previous year, the business earned $2.79 EPS. Mr. Cooper Group’s revenue for the quarter was up 32.8% compared to the same quarter last year. On average, analysts forecast that Mr. Cooper Group Inc. will post 10.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on COOP. Barclays lifted their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Wedbush reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Finally, Compass Point lifted their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $100.57.

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.