Mr. Cooper Group Inc. (NASDAQ:COOP) Stake Raised by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 50.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 32,592 shares of the company's stock after buying an additional 10,964 shares during the quarter. Los Angeles Capital Management LLC owned about 0.05% of Mr. Cooper Group worth $3,004,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Mr. Cooper Group by 0.6% during the first quarter. Vanguard Group Inc. now owns 7,668,898 shares of the company's stock worth $597,791,000 after buying an additional 42,860 shares during the period. Assenagon Asset Management S.A. grew its stake in Mr. Cooper Group by 11.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company's stock valued at $114,988,000 after acquiring an additional 125,055 shares during the last quarter. LSV Asset Management grew its stake in Mr. Cooper Group by 249.2% in the 2nd quarter. LSV Asset Management now owns 633,260 shares of the company's stock valued at $51,440,000 after acquiring an additional 451,926 shares during the last quarter. Cercano Management LLC increased its holdings in Mr. Cooper Group by 39.1% during the 1st quarter. Cercano Management LLC now owns 502,618 shares of the company's stock valued at $39,179,000 after acquiring an additional 141,332 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Mr. Cooper Group by 984.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company's stock worth $30,476,000 after acquiring an additional 354,905 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on COOP. Wedbush reaffirmed an "outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Keefe, Bruyette & Woods downgraded shares of Mr. Cooper Group from an "outperform" rating to a "market perform" rating and set a $95.00 target price for the company. in a research note on Monday, July 22nd. Piper Sandler raised their target price on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. Barclays boosted their price target on Mr. Cooper Group from $103.00 to $108.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Finally, Compass Point raised their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and six have assigned 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 $98.00.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on 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 sale, the chief executive officer now owns 818,821 shares of the company's stock, valued at approximately $72,391,964.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.33% of the stock is owned by insiders.

Mr. Cooper Group Trading Down 3.5 %

NASDAQ COOP traded down $3.50 during trading hours on Wednesday, reaching $97.70. The company's stock had a trading volume of 634,527 shares, compared to its average volume of 453,414. The stock has a market cap of $6.25 billion, a PE ratio of 12.62 and a beta of 1.40. The business has a 50-day simple moving average of $92.64 and a 200 day simple moving average of $87.58. Mr. Cooper Group Inc. has a 52 week low of $55.82 and a 52 week high of $103.05.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $548.09 million. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The business's revenue was up 32.8% on a year-over-year basis. During the same quarter last year, the business posted $2.79 EPS. As a group, equities analysts predict that Mr. Cooper Group Inc. will post 10.17 EPS for the current year.

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.