Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by Strs Ohio

Strs Ohio trimmed its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOPGet Rating) by 68.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,900 shares of the company’s stock after selling 12,600 shares during the quarter. Strs Ohio’s holdings in Mr. Cooper Group were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in COOP. Texas Permanent School Fund increased its position in Mr. Cooper Group by 0.6% in the 2nd quarter. Texas Permanent School Fund now owns 53,561 shares of the company’s stock valued at $1,968,000 after acquiring an additional 302 shares during the period. Captrust Financial Advisors increased its position in Mr. Cooper Group by 7.2% in the 1st quarter. Captrust Financial Advisors now owns 5,987 shares of the company’s stock valued at $273,000 after acquiring an additional 401 shares during the period. Federated Hermes Inc. increased its position in Mr. Cooper Group by 91.5% in the 1st quarter. Federated Hermes Inc. now owns 879 shares of the company’s stock valued at $40,000 after acquiring an additional 420 shares during the period. Cetera Advisor Networks LLC increased its position 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 valued at $248,000 after acquiring an additional 533 shares during the period. Finally, Ziegler Capital Management LLC increased its position in Mr. Cooper Group by 2.9% in the 2nd quarter. Ziegler Capital Management LLC now owns 25,779 shares of the company’s stock valued at $947,000 after acquiring an additional 737 shares during the period. 83.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COOP has been the subject of a number of research reports. Wedbush decreased their price target on Mr. Cooper Group from $60.00 to $55.00 in a research note on Thursday, October 27th. Compass Point decreased their price target on Mr. Cooper Group to $64.00 in a research note on Tuesday, November 1st. Barclays increased their price target on Mr. Cooper Group from $40.00 to $41.00 in a research note on Friday, January 6th. Finally, Piper Sandler increased their price target on Mr. Cooper Group from $63.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 10th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Mr. Cooper Group presently has an average rating of “Moderate Buy” and an average target price of $55.80.

Mr. Cooper Group Stock Up 2.6 %

COOP opened at $44.86 on Friday. The firm has a market cap of $3.17 billion, a PE ratio of 3.16 and a beta of 1.45. The business has a fifty day simple moving average of $42.60 and a 200-day simple moving average of $42.38. Mr. Cooper Group Inc. has a fifty-two week low of $35.81 and a fifty-two week high of $52.34.

Mr. Cooper Group (NASDAQ:COOPGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.08. The business had revenue of $510.00 million during the quarter, compared to analyst estimates of $431.60 million. Mr. Cooper Group had a return on equity of 6.35% and a net margin of 38.66%. On average, equities research analysts anticipate that Mr. Cooper Group Inc. will post 2.47 EPS for the current fiscal year.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 21,000 shares of the firm’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $44.24, for a total value of $929,040.00. Following the completion of the sale, the chief executive officer now owns 718,291 shares of the company’s stock, valued at $31,777,193.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 63,000 shares of company stock valued at $2,608,200 in the last three months. 2.59% of the stock is currently owned by corporate insiders.

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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