Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,649 shares of the company’s stock after selling 6,716 shares during the quarter. New York State Teachers Retirement System owned about 0.15% of Mr. Cooper Group worth $7,851,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of COOP. Price T Rowe Associates Inc. MD grew its stake in shares of Mr. Cooper Group by 984.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock valued at $30,476,000 after purchasing an additional 354,905 shares during the last quarter. Federated Hermes Inc. increased its stake in Mr. Cooper Group by 106.7% in the 4th quarter. Federated Hermes Inc. now owns 20,223 shares of the company’s stock valued at $1,317,000 after buying an additional 10,437 shares during the period. K2 Principal Fund L.P. raised its position in Mr. Cooper Group by 97.7% during the 4th quarter. K2 Principal Fund L.P. now owns 279,510 shares of the company’s stock worth $18,202,000 after buying an additional 138,147 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Mr. Cooper Group by 2,060.4% in the 4th quarter. Allianz Asset Management GmbH now owns 102,423 shares of the company’s stock worth $6,670,000 after acquiring an additional 97,682 shares during the period. Finally, 1832 Asset Management L.P. purchased a new stake in shares of Mr. Cooper Group in the first quarter valued at about $5,301,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Trading Up 2.4 %

Shares of COOP opened at $92.76 on Monday. Mr. Cooper Group Inc. has a 12-month low of $52.46 and a 12-month high of $95.74. The stock has a market cap of $6.00 billion, a P/E ratio of 9.71 and a beta of 1.39. The company has a 50-day moving average of $85.63 and a two-hundred day moving average of $80.38.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Thursday, July 25th. The company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.33 by $0.19. The firm had revenue of $583.00 million for the quarter, compared to analyst estimates of $552.09 million. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. Mr. Cooper Group’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.66 EPS. As a group, analysts forecast that Mr. Cooper Group Inc. will post 9.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Barclays raised their price objective on shares of Mr. Cooper Group from $94.00 to $103.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods downgraded Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target on the stock. in a research note on Monday, July 22nd. Wedbush increased their price objective on Mr. Cooper Group from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Piper Sandler boosted their target price on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.88.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $80.93, for a total value of $2,023,250.00. Following the transaction, the chief executive officer now directly owns 259,631 shares in the company, valued at approximately $21,011,936.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.33% of the company’s stock.

About Mr. Cooper Group

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.