Cambria Investment Management L.P. lessened its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP – Free Report) by 4.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 157,937 shares of the company’s stock after selling 7,589 shares during the period. Cambria Investment Management L.P. owned 0.24% of Mr. Cooper Group worth $7,998,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of COOP. Cerity Partners LLC acquired a new position in Mr. Cooper Group during the first quarter worth $773,000. Federated Hermes Inc. raised its holdings in Mr. Cooper Group by 55.1% during the third quarter. Federated Hermes Inc. now owns 752 shares of the company’s stock worth $30,000 after buying an additional 267 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Mr. Cooper Group by 95.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the company’s stock worth $32,000 after buying an additional 380 shares during the last quarter. Bartlett & Co. LLC acquired a new position in Mr. Cooper Group during the second quarter worth $42,000. Finally, Point72 Middle East FZE bought a new stake in shares of Mr. Cooper Group in the 4th quarter worth $38,000. Institutional investors and hedge funds own 80.46% of the company’s stock.
Insiders Place Their Bets
In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $53.87, for a total transaction of $1,346,750.00. Following the completion of the transaction, the chief executive officer now owns 491,051 shares in the company, valued at $26,452,917.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Shveta Mujumdar sold 1,800 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $56.88, for a total value of $102,384.00. Following the sale, the director now directly owns 22,244 shares of the company’s stock, valued at $1,265,238.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $53.87, for a total transaction of $1,346,750.00. Following the completion of the sale, the chief executive officer now directly owns 491,051 shares in the company, valued at $26,452,917.37. The disclosure for this sale can be found here. Insiders sold 72,800 shares of company stock worth $4,028,804 over the last quarter. 3.11% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Mr. Cooper Group Price Performance
NASDAQ:COOP traded up $0.65 on Wednesday, reaching $57.50. 26,900 shares of the company’s stock were exchanged, compared to its average volume of 604,343. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 8.54 and a beta of 1.54. Mr. Cooper Group Inc. has a 52 week low of $37.54 and a 52 week high of $60.68. The stock has a fifty day simple moving average of $54.81 and a 200-day simple moving average of $52.45.
Mr. Cooper Group Profile
Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through two segments: Servicing and Originations. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.
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