Penbrook Management LLC Grows Stock Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Penbrook Management LLC raised its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 37.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,725 shares of the company’s stock after buying an additional 4,325 shares during the period. Mr. Cooper Group comprises 1.0% of Penbrook Management LLC’s holdings, making the stock its 22nd biggest holding. Penbrook Management LLC’s holdings in Mr. Cooper Group were worth $1,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. KBC Group NV lifted its position in shares of Mr. Cooper Group by 88.7% in the 4th quarter. KBC Group NV now owns 3,306 shares of the company’s stock worth $317,000 after purchasing an additional 1,554 shares during the period. Blue Trust Inc. lifted its position in shares of Mr. Cooper Group by 94.2% in the 4th quarter. Blue Trust Inc. now owns 1,111 shares of the company’s stock worth $102,000 after purchasing an additional 539 shares during the period. CX Institutional lifted its position in shares of Mr. Cooper Group by 3.7% in the 4th quarter. CX Institutional now owns 16,211 shares of the company’s stock worth $1,556,000 after purchasing an additional 579 shares during the period. Dakota Wealth Management lifted its position in shares of Mr. Cooper Group by 0.7% in the 4th quarter. Dakota Wealth Management now owns 27,695 shares of the company’s stock worth $2,659,000 after purchasing an additional 181 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Mr. Cooper Group by 9,175.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company’s stock worth $472,000 after purchasing an additional 4,863 shares during the period. 89.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COOP has been the subject of several research reports. Barclays upped their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Piper Sandler increased their target price on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Wedbush reissued an “outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. JMP Securities initiated coverage on shares of Mr. Cooper Group in a research report on Tuesday, January 14th. They set an “outperform” rating and a $115.00 target price for the company. Finally, Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.13.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $88.41, for a total value of $2,652,300.00. Following the sale, the chief executive officer now owns 818,821 shares in the company, valued at $72,391,964.61. This represents a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 90,000 shares of company stock worth $8,414,400. 2.33% of the stock is owned by corporate insiders.

Mr. Cooper Group Trading Down 0.5 %

Shares of Mr. Cooper Group stock opened at $105.36 on Thursday. Mr. Cooper Group Inc. has a 12-month low of $65.54 and a 12-month high of $107.66. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 0.30 and a beta of 1.43. The firm’s 50 day simple moving average is $97.57 and its two-hundred day simple moving average is $93.63.

Mr. Cooper Group Company 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.