Graham Capital Wealth Management LLC Purchases Shares of 23,707 Mr. Cooper Group Inc. (NASDAQ:COOP)

Graham Capital Wealth Management LLC purchased a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 23,707 shares of the company’s stock, valued at approximately $2,276,000. Mr. Cooper Group comprises about 2.1% of Graham Capital Wealth Management LLC’s portfolio, making the stock its 25th biggest holding.

A number of other institutional investors have also bought and sold shares of COOP. Quarry LP bought a new stake in Mr. Cooper Group during the second quarter valued at $29,000. Financial Management Professionals Inc. bought a new stake in Mr. Cooper Group during the third quarter valued at $30,000. Harvest Fund Management Co. Ltd boosted its position in Mr. Cooper Group by 152.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after acquiring an additional 270 shares during the last quarter. ORG Partners LLC bought a new stake in Mr. Cooper Group during the fourth quarter valued at $51,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Mr. Cooper Group during the 3rd quarter worth about $52,000. Institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Stock Performance

Shares of NASDAQ COOP opened at $103.81 on Monday. Mr. Cooper Group Inc. has a fifty-two week low of $65.54 and a fifty-two week high of $107.85. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 0.30 and a beta of 1.43. The firm’s 50-day simple moving average is $97.83 and its 200 day simple moving average is $93.92.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on COOP shares. Barclays increased their price objective 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. Wedbush reissued an “outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Compass Point increased their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, JMP Securities started coverage on shares of Mr. Cooper Group in a research report on Tuesday, January 14th. They set an “outperform” rating and a $115.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $104.13.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 758,821 shares in the company, valued at approximately $71,700,996.29. This trade represents a 3.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.33% of the company’s stock.

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.