27,525 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Acquired by World Investment Advisors LLC

World Investment Advisors LLC acquired a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 27,525 shares of the company's stock, valued at approximately $2,537,000.

Several other institutional investors and hedge funds have also recently modified their holdings of COOP. CWM LLC lifted its stake in Mr. Cooper Group by 34.5% in the 2nd quarter. CWM LLC now owns 601 shares of the company's stock worth $49,000 after purchasing an additional 154 shares in the last quarter. Blue Trust Inc. boosted its stake in Mr. Cooper Group by 77.1% during the second quarter. Blue Trust Inc. now owns 333 shares of the company's stock valued at $26,000 after buying an additional 145 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Mr. Cooper Group by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 32,600 shares of the company's stock valued at $2,648,000 after buying an additional 600 shares in the last quarter. HMS Capital Management LLC bought a new stake in Mr. Cooper Group in the 2nd quarter worth approximately $398,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Mr. Cooper Group by 8,275.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company's stock worth $27,000 after acquiring an additional 331 shares in the last quarter. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock traded up $1.48 during trading on Friday, hitting $96.84. The stock had a trading volume of 339,093 shares, compared to its average volume of 341,348. Mr. Cooper Group Inc. has a 12 month low of $61.38 and a 12 month high of $103.05. The firm's fifty day simple moving average is $95.31 and its 200-day simple moving average is $89.90. The stock has a market cap of $6.20 billion, a PE ratio of 12.51 and a beta of 1.41.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.30. The business had revenue of $616.00 million during the quarter, compared to the consensus estimate of $548.09 million. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The firm's quarterly revenue was up 32.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.79 earnings per share. Analysts expect that Mr. Cooper Group Inc. will post 10.16 earnings per share for the current fiscal year.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $97.58, for a total value of $2,927,400.00. Following the completion of the sale, the chief executive officer now directly owns 788,821 shares of the company's stock, valued at $76,973,153.18. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on COOP shares. Compass Point raised their target price on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Barclays increased their price objective on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Finally, Wedbush reissued an "outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Mr. Cooper Group presently has a consensus rating of "Moderate Buy" and an average target price of $100.57.

Mr. Cooper Group Profile

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.