State of Alaska Department of Revenue lifted its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP – Get Rating) by 6.7% during the second quarter, Holdings Channel reports. The firm owned 55,904 shares of the company's stock after buying an additional 3,495 shares during the period. State of Alaska Department of Revenue's holdings in Mr. Cooper Group were worth $2,053,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vise Technologies Inc. bought a new position in Mr. Cooper Group in the 1st quarter worth approximately $288,000. Weiss Multi Strategy Advisers LLC grew its holdings in Mr. Cooper Group by 28.5% in the 1st quarter. Weiss Multi Strategy Advisers LLC now owns 302,141 shares of the company's stock worth $13,799,000 after buying an additional 67,006 shares in the last quarter. Royal Bank of Canada grew its holdings in Mr. Cooper Group by 22.1% in the 1st quarter. Royal Bank of Canada now owns 37,823 shares of the company's stock worth $1,727,000 after buying an additional 6,840 shares in the last quarter. Evergreen Capital Management LLC bought a new position in Mr. Cooper Group in the 1st quarter worth approximately $201,000. Finally, Guggenheim Capital LLC grew its holdings in Mr. Cooper Group by 37.4% in the 1st quarter. Guggenheim Capital LLC now owns 8,172 shares of the company's stock worth $373,000 after buying an additional 2,225 shares in the last quarter. 86.68% of the stock is currently owned by institutional investors and hedge funds.Get Mr. Cooper Group alerts:
Wall Street Analysts Forecast Growth
COOP has been the subject of a number of recent analyst reports. Barclays decreased their price objective on Mr. Cooper Group from $44.00 to $43.00 and set an "equal weight" rating for the company in a report on Monday, July 11th. Credit Suisse Group decreased their price target on Mr. Cooper Group to $55.00 in a research note on Friday, July 22nd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $57.25.
Mr. Cooper Group Stock PerformanceShares of NASDAQ COOP opened at $40.69 on Friday. The stock has a fifty day moving average price of $43.43 and a two-hundred day moving average price of $42.94. The firm has a market cap of $2.92 billion, a P/E ratio of 2.56 and a beta of 1.50. Mr. Cooper Group Inc. has a 1 year low of $35.81 and a 1 year high of $52.34.
Mr. Cooper Group (NASDAQ:COOP – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.15. The business had revenue of $599.00 million during the quarter, compared to analyst estimates of $434.70 million. Mr. Cooper Group had a return on equity of 11.01% and a net margin of 39.35%. On average, research analysts predict that Mr. Cooper Group Inc. will post 2.84 earnings per share for the current fiscal year.
Insider Transactions at Mr. Cooper Group
In other news, CEO Jesse K. Bray sold 46,000 shares of the firm's stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $43.41, for a total transaction of $1,996,860.00. Following the completion of the sale, the chief executive officer now directly owns 562,767 shares of the company's stock, valued at approximately $24,429,715.47. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.59% of the company's stock.
Mr. Cooper Group Company Profile
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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