Hantz Financial Services Inc. Trims Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)

Hantz Financial Services Inc. cut its stake in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 15.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 223,813 shares of the company's stock after selling 42,205 shares during the period. Hantz Financial Services Inc. owned 0.35% of Mr. Cooper Group worth $20,631,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. De Lisle Partners LLP purchased a new position in shares of Mr. Cooper Group in the 3rd quarter valued at approximately $1,106,000. Blueshift Asset Management LLC raised its holdings in Mr. Cooper Group by 87.0% in the third quarter. Blueshift Asset Management LLC now owns 5,343 shares of the company's stock worth $493,000 after purchasing an additional 2,486 shares in the last quarter. Cynosure Group LLC purchased a new position in Mr. Cooper Group during the third quarter valued at $730,000. FMR LLC boosted its holdings in shares of Mr. Cooper Group by 42.9% during the 3rd quarter. FMR LLC now owns 485,907 shares of the company's stock valued at $44,791,000 after buying an additional 145,767 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of Mr. Cooper Group by 152.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company's stock valued at $41,000 after buying an additional 270 shares in the last quarter. 89.82% of the stock is owned by institutional investors.

Mr. Cooper Group Trading Up 0.3 %

COOP traded up $0.34 during trading on Friday, hitting $98.67. 241,180 shares of the company's stock traded hands, compared to its average volume of 450,227. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 12.70 and a beta of 1.40. The company's 50 day simple moving average is $94.14 and its two-hundred day simple moving average is $88.87. Mr. Cooper Group Inc. has a 12-month low of $60.01 and a 12-month high of $103.05.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $548.09 million. During the same period last year, the firm posted $2.79 earnings per share. Mr. Cooper Group's revenue was up 32.8% compared to the same quarter last year. On average, equities analysts expect that Mr. Cooper Group Inc. will post 10.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Compass Point lifted their price target on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Barclays lifted their target price on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Finally, Wedbush reissued an "outperform" rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Mr. Cooper Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $98.00.

Insider Activity

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the completion of the sale, the chief executive officer now directly owns 818,821 shares in the company, valued at $72,391,964.61. The trade was a 3.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.33% of the stock is owned by corporate insiders.

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.