Texas Permanent School Fund Trims Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)

Texas Permanent School Fund trimmed its stake in Mr. Cooper Group Inc. (NASDAQ:COOPGet Rating) by 3.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,530 shares of the company’s stock after selling 2,031 shares during the period. Texas Permanent School Fund owned 0.07% of Mr. Cooper Group worth $2,087,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of COOP. Raymond James Financial Services Advisors Inc. bought a new position in Mr. Cooper Group in the 1st quarter worth $642,000. Cetera Advisor Networks LLC boosted its holdings in Mr. Cooper Group by 10.9% in the 1st quarter. Cetera Advisor Networks LLC now owns 5,435 shares of the company’s stock worth $248,000 after buying an additional 533 shares during the period. Citigroup Inc. boosted its holdings in Mr. Cooper Group by 37.5% in the 1st quarter. Citigroup Inc. now owns 93,768 shares of the company’s stock worth $4,283,000 after buying an additional 25,580 shares during the period. Natixis Advisors L.P. boosted its holdings in Mr. Cooper Group by 26.7% in the 1st quarter. Natixis Advisors L.P. now owns 15,355 shares of the company’s stock worth $701,000 after buying an additional 3,239 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Mr. Cooper Group by 4.3% in the 1st quarter. Bank of Montreal Can now owns 20,963 shares of the company’s stock worth $978,000 after buying an additional 869 shares during the period. Institutional investors own 83.91% of the company’s stock.

Mr. Cooper Group Trading Down 0.2 %

Shares of NASDAQ COOP opened at $41.94 on Tuesday. The firm’s 50-day moving average price is $42.09 and its 200-day moving average price is $42.02. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 2.96 and a beta of 1.45. Mr. Cooper Group Inc. has a 12-month low of $35.81 and a 12-month high of $52.34.

Mr. Cooper Group (NASDAQ:COOPGet Rating) last announced its earnings results on Wednesday, October 26th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.08. The firm had revenue of $510.00 million for the quarter, compared to analysts’ expectations of $431.60 million. Mr. Cooper Group had a net margin of 38.66% and a return on equity of 6.35%. On average, equities analysts predict that Mr. Cooper Group Inc. will post 2.47 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jesse K. Bray sold 21,000 shares of the company’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $40.18, for a total transaction of $843,780.00. Following the sale, the chief executive officer now directly owns 739,291 shares in the company, valued at approximately $29,704,712.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 63,000 shares of company stock worth $2,608,200. 2.59% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on COOP shares. Wedbush dropped their target price on shares of Mr. Cooper Group from $60.00 to $55.00 in a report on Thursday, October 27th. Barclays increased their price objective on shares of Mr. Cooper Group from $40.00 to $41.00 in a report on Friday. Compass Point dropped their price objective on shares of Mr. Cooper Group to $64.00 in a report on Tuesday, November 1st. Finally, Piper Sandler increased their price objective on shares of Mr. Cooper Group from $63.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, November 10th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.80.

Mr. Cooper Group Company Profile

(Get Rating)

Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related to single-family residences in 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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Institutional Ownership by Quarter for Mr. Cooper Group (NASDAQ:COOP)

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