Mr. Cooper Group Inc. (NASDAQ:COOP – Get Free Report) CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $78.79, for a total transaction of $1,969,750.00. Following the completion of the sale, the chief executive officer now owns 309,631 shares in the company, valued at approximately $24,395,826.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Mr. Cooper Group Price Performance
NASDAQ:COOP opened at $77.51 on Thursday. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 8.12 and a beta of 1.38. The company’s 50-day moving average is $75.29 and its two-hundred day moving average is $67.14. Mr. Cooper Group Inc. has a 1-year low of $41.74 and a 1-year high of $81.98.
Mr. Cooper Group (NASDAQ:COOP – Get Free Report) last posted its earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.17. The company had revenue of $564.00 million for the quarter, compared to analyst estimates of $498.15 million. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%. As a group, equities analysts anticipate that Mr. Cooper Group Inc. will post 9.48 earnings per share for the current fiscal year.
Analyst Ratings Changes
Check Out Our Latest Report on Mr. Cooper Group
Hedge Funds Weigh In On Mr. Cooper Group
Institutional investors and hedge funds have recently bought and sold shares of the company. USA Financial Formulas acquired a new position in Mr. Cooper Group in the 4th quarter valued at about $25,000. GAMMA Investing LLC acquired a new position in Mr. Cooper Group in the 4th quarter valued at about $61,000. Quest Partners LLC acquired a new position in Mr. Cooper Group in the 4th quarter valued at about $61,000. Centaurus Financial Inc. purchased a new stake in shares of Mr. Cooper Group in the 4th quarter valued at approximately $101,000. Finally, Headlands Technologies LLC raised its stake in shares of Mr. Cooper Group by 637.1% in the 4th quarter. Headlands Technologies LLC now owns 1,651 shares of the company’s stock valued at $108,000 after acquiring an additional 1,427 shares during the period. 89.82% of the stock is currently owned by institutional investors and hedge funds.
About Mr. Cooper Group
Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. 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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