Mr. Cooper Group Inc (NASDAQ:COOP) Vice Chairman Christopher G. Marshall bought 110,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was acquired at an average cost of $9.08 per share, for a total transaction of $998,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NASDAQ COOP traded down $0.56 during trading on Friday, hitting $7.57. 2,125,713 shares of the company were exchanged, compared to its average volume of 859,380. Mr. Cooper Group Inc has a 1 year low of $7.30 and a 1 year high of $20.04. The company has a debt-to-equity ratio of 3.63, a quick ratio of 2.06 and a current ratio of 2.06.
Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, May 1st. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.17 by $0.33. The company had revenue of $250.00 million for the quarter, compared to analyst estimates of $455.10 million. Mr. Cooper Group had a net margin of 47.66% and a return on equity of 62.93%. On average, equities analysts predict that Mr. Cooper Group Inc will post 1.5 earnings per share for the current fiscal year.
A number of brokerages have recently commented on COOP. Zacks Investment Research raised shares of Mr. Cooper Group from a “hold” rating to a “strong-buy” rating and set a $11.00 target price on the stock in a report on Tuesday. Barclays set a $18.00 price objective on shares of Mr. Cooper Group and gave the company a “hold” rating in a research report on Friday, March 8th. ValuEngine upgraded shares of Mr. Cooper Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Wedbush set a $13.50 price objective on shares of Mr. Cooper Group and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, Piper Jaffray Companies lowered shares of Mr. Cooper Group from a “neutral” rating to an “underweight” rating in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $15.88.
TRADEMARK VIOLATION WARNING: This news story was first posted by Rockland Register and is the property of of Rockland Register. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://rocklandregister.com/2019/05/31/insider-buying-mr-cooper-group-inc-coop-vice-chairman-purchases-998800-00-in-stock.html.
Mr. Cooper Group Company Profile
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.
Featured Article: How mutual funds make money
Receive News & Ratings for Mr. Cooper Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mr. Cooper Group and related companies with MarketBeat.com's FREE daily email newsletter.