Graham Capital Wealth Management LLC Invests $2.28 Million in Mr. Cooper Group Inc. (NASDAQ:COOP)

Graham Capital Wealth Management LLC purchased a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 23,707 shares of the company’s stock, valued at approximately $2,276,000. Mr. Cooper Group comprises 2.1% of Graham Capital Wealth Management LLC’s investment portfolio, making the stock its 25th largest holding.

Other large investors also recently modified their holdings of the company. Financial Management Professionals Inc. purchased a new stake in shares of Mr. Cooper Group during the 3rd quarter worth approximately $30,000. Quarry LP purchased a new position in Mr. Cooper Group in the 2nd quarter valued at approximately $29,000. Harvest Fund Management Co. Ltd grew its stake in Mr. Cooper Group by 152.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after buying an additional 270 shares in the last quarter. ORG Partners LLC purchased a new position in Mr. Cooper Group in the 4th quarter valued at approximately $51,000. Finally, Harbor Capital Advisors Inc. purchased a new position in Mr. Cooper Group in the 3rd quarter valued at approximately $52,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on COOP shares. Compass Point lifted their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. JMP Securities began coverage on shares of Mr. Cooper Group in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $115.00 price objective for the company. Piper Sandler raised their price target on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Wedbush reissued an “outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, October 24th. Finally, Barclays raised their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.13.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total value of $2,834,700.00. Following the transaction, the chief executive officer now owns 758,821 shares in the company, valued at $71,700,996.29. This trade represents a 3.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.33% of the stock is currently owned by insiders.

Mr. Cooper Group Stock Performance

NASDAQ COOP opened at $103.81 on Monday. Mr. Cooper Group Inc. has a 52-week low of $65.54 and a 52-week high of $107.85. The company has a market capitalization of $6.64 billion, a P/E ratio of 13.41, a P/E/G ratio of 0.30 and a beta of 1.43. The company has a fifty day moving average of $97.83 and a 200-day moving average of $93.92.

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.