Harbour Capital Advisors LLC Has $1.12 Million Stock Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Harbour Capital Advisors LLC trimmed its position in Mr. Cooper Group Inc. (NASDAQ:COOP) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,785 shares of the company’s stock after selling 160 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Mr. Cooper Group were worth $1,124,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of COOP. ORG Partners LLC bought a new position in shares of Mr. Cooper Group during the 4th quarter worth approximately $51,000. Range Financial Group LLC bought a new stake in shares of Mr. Cooper Group during the 4th quarter worth about $1,091,000. Oliver Luxxe Assets LLC grew its stake in Mr. Cooper Group by 5.8% in the 4th quarter. Oliver Luxxe Assets LLC now owns 41,535 shares of the company’s stock valued at $3,988,000 after buying an additional 2,259 shares during the last quarter. Tidal Investments LLC bought a new position in Mr. Cooper Group in the 3rd quarter valued at about $2,459,000. Finally, World Investment Advisors LLC acquired a new stake in Mr. Cooper Group during the third quarter worth approximately $2,537,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Monday, December 2nd. The shares were 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 of the company’s stock, valued at approximately $76,973,153.18. The trade was a 3.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 90,000 shares of company stock worth $8,414,400 over the last three months. Corporate insiders own 2.33% of the company’s stock.

Mr. Cooper Group Stock Up 0.4 %

Shares of COOP traded up $0.39 during trading hours on Monday, hitting $91.79. 120,041 shares of the company were exchanged, compared to its average volume of 431,301. Mr. Cooper Group Inc. has a fifty-two week low of $61.38 and a fifty-two week high of $103.05. The firm’s fifty day moving average is $96.29 and its 200 day moving average is $91.80. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 11.86 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.54 by $0.30. The firm had revenue of $616.00 million for the quarter, compared to analyst estimates of $548.09 million. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The business’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same period last year, the firm earned $2.79 EPS. Analysts anticipate that Mr. Cooper Group Inc. will post 10.16 EPS 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.