Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. reduced its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 24.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 31,117 shares of the company's stock after selling 9,999 shares during the period. Bridgewater Advisors Inc.'s holdings in Mr. Cooper Group were worth $2,837,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. acquired a new position in Mr. Cooper Group in the third quarter valued at $30,000. Blue Trust Inc. raised its stake in Mr. Cooper Group by 77.1% during the 2nd quarter. Blue Trust Inc. now owns 333 shares of the company's stock valued at $26,000 after acquiring an additional 145 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in 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 during the period. Quarry LP purchased a new position in shares of Mr. Cooper Group in the 2nd quarter valued at approximately $29,000. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Mr. Cooper Group in the third quarter valued at approximately $52,000. 89.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COOP has been the topic of a number of analyst reports. Barclays lifted 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. Piper Sandler increased their price target on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. Keefe, Bruyette & Woods downgraded shares of Mr. Cooper Group from an "outperform" rating to a "market perform" rating and set a $95.00 price objective for the company. in a research report on Monday, July 22nd. Wedbush reiterated an "outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Finally, Compass Point raised their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $98.00.

Mr. Cooper Group Trading Up 2.2 %

Shares of NASDAQ:COOP traded up $2.14 during trading on Thursday, hitting $98.61. 848,951 shares of the stock were exchanged, compared to its average volume of 450,435. The company has a market cap of $6.31 billion, a PE ratio of 12.46 and a beta of 1.40. The company has a fifty day moving average price of $91.92 and a two-hundred day moving average price of $86.86. Mr. Cooper Group Inc. has a 12-month low of $54.07 and a 12-month high of $98.75.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The company had revenue of $616.00 million for the quarter, compared to the consensus estimate of $548.09 million. During the same period in the previous year, the business earned $2.79 earnings per share. Mr. Cooper Group's quarterly revenue was up 32.8% compared to the same quarter last year. Equities research analysts anticipate that Mr. Cooper Group Inc. will post 10.17 earnings per share for the current fiscal year.

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.