Mr. Cooper Group Inc (NASDAQ:COOP) Vice Chairman Christopher G. Marshall bought 110,000 shares of the stock in a transaction on Monday, May 6th. The stock was purchased at an average cost of $9.08 per share, with a total value of $998,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
COOP traded down $0.11 on Monday, reaching $9.03. The stock had a trading volume of 729,756 shares, compared to its average volume of 811,988. Mr. Cooper Group Inc has a fifty-two week low of $8.05 and a fifty-two week high of $20.04. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 3.49.
Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, May 1st. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.33. Mr. Cooper Group had a return on equity of 79.51% and a net margin of 42.08%. The business had revenue of $250.00 million during the quarter, compared to analysts’ expectations of $455.10 million. As a group, analysts expect that Mr. Cooper Group Inc will post 1.45 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in COOP. PNC Financial Services Group Inc. bought a new stake in shares of Mr. Cooper Group in the 4th quarter valued at about $28,000. Bronfman E.L. Rothschild L.P. bought a new stake in shares of Mr. Cooper Group in the 4th quarter valued at about $46,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Mr. Cooper Group in the 4th quarter valued at about $56,000. American National Bank bought a new stake in shares of Mr. Cooper Group in the 4th quarter valued at about $96,000. Finally, Great West Life Assurance Co. Can bought a new stake in shares of Mr. Cooper Group in the 4th quarter valued at about $99,000. Hedge funds and other institutional investors own 89.12% of the company’s stock.
A number of brokerages have issued reports on COOP. Wedbush set a $13.50 target price on Mr. Cooper Group and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Zacks Investment Research raised Mr. Cooper Group from a “strong sell” rating to a “buy” rating and set a $10.00 target price for the company in a report on Thursday, April 4th. Barclays set a $18.00 target price on Mr. Cooper Group and gave the stock a “hold” rating in a report on Friday, March 8th. Piper Jaffray Companies cut Mr. Cooper Group from a “neutral” rating to an “underweight” rating in a report on Wednesday, March 20th. Finally, ValuEngine cut Mr. Cooper Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Mr. Cooper Group presently has a consensus rating of “Hold” and an average target price of $15.63.
About Mr. Cooper Group
Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. The company operates through three segments: Servicing, Originations, and Xome. The Servicing segment performs activities for originated and purchased loans, as well as operates as a subservicer for various clients that own the underlying servicing rights.
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