Handelsbanken Fonder AB increased its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP – Get Rating) by 32.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,000 shares of the company's stock after buying an additional 3,200 shares during the quarter. Handelsbanken Fonder AB's holdings in Mr. Cooper Group were worth $526,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Texas Permanent School Fund grew its stake in shares of Mr. Cooper Group by 0.6% during the 2nd quarter. Texas Permanent School Fund now owns 53,561 shares of the company's stock worth $1,968,000 after purchasing an additional 302 shares during the period. Captrust Financial Advisors grew its stake in shares of Mr. Cooper Group by 7.2% during the 1st quarter. Captrust Financial Advisors now owns 5,987 shares of the company's stock worth $273,000 after purchasing an additional 401 shares during the period. Federated Hermes Inc. grew its stake in shares of Mr. Cooper Group by 91.5% during the 1st quarter. Federated Hermes Inc. now owns 879 shares of the company's stock worth $40,000 after purchasing an additional 420 shares during the period. Cetera Advisor Networks LLC grew its stake in shares of Mr. Cooper Group by 10.9% during the 1st quarter. Cetera Advisor Networks LLC now owns 5,435 shares of the company's stock worth $248,000 after purchasing an additional 533 shares during the period. Finally, Ziegler Capital Management LLC grew its stake in shares of Mr. Cooper Group by 2.9% during the 2nd quarter. Ziegler Capital Management LLC now owns 25,779 shares of the company's stock worth $947,000 after purchasing an additional 737 shares during the period. Institutional investors and hedge funds own 83.91% of the company's stock.
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Insider Buying and Selling at Mr. Cooper Group
In other Mr. Cooper Group 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 transaction, the chief executive officer now owns 718,291 shares in the company, valued at approximately $31,777,193.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 63,000 shares of company stock worth $2,608,200. Corporate insiders own 2.59% of the company's stock.
Mr. Cooper Group Stock Performance
Shares of COOP stock opened at $44.69 on Thursday. The stock's fifty day moving average is $42.28 and its two-hundred day moving average is $42.08. The firm has a market capitalization of $3.15 billion, a P/E ratio of 3.15 and a beta of 1.45. 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:COOP – Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.08. The company had revenue of $510.00 million for 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 analysts forecast that Mr. Cooper Group Inc. will post 2.47 earnings per share for the current year.
Analysts Set New Price Targets
COOP has been the topic of a number of analyst reports. Piper Sandler raised their price objective on shares of Mr. Cooper Group from $63.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, November 10th. Barclays increased their target price on Mr. Cooper Group from $40.00 to $41.00 in a research report on Friday, January 6th. Wedbush decreased their target price on Mr. Cooper Group from $60.00 to $55.00 in a research report on Thursday, October 27th. Finally, Compass Point decreased their target price on Mr. Cooper Group to $64.00 in a research report on Tuesday, November 1st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $55.80.
About Mr. Cooper Group
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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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