Sanctuary Advisors LLC Buys 10,895 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Sanctuary Advisors LLC lifted its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 137.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,843 shares of the company's stock after acquiring an additional 10,895 shares during the quarter. Sanctuary Advisors LLC's holdings in Mr. Cooper Group were worth $1,873,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in COOP. Blue Trust Inc. grew its stake in shares of Mr. Cooper Group by 77.1% in the second quarter. Blue Trust Inc. now owns 333 shares of the company's stock valued at $26,000 after acquiring an additional 145 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position 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 purchasing an additional 331 shares in the last quarter. Quarry LP acquired a new position in shares of Mr. Cooper Group during the 2nd quarter worth approximately $29,000. Financial Management Professionals Inc. bought a new position in shares of Mr. Cooper Group during the third quarter worth approximately $30,000. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Mr. Cooper Group by 152.5% in the third 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 and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Barclays raised their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Wedbush restated an "outperform" rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Finally, Compass Point boosted their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Two 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.57.

Mr. Cooper Group Stock Up 1.5 %

NASDAQ COOP traded up $1.41 on Friday, hitting $95.14. The company's stock had a trading volume of 1,045,515 shares, compared to its average volume of 451,283. The company's 50-day moving average is $95.55 and its 200 day moving average is $90.28. The firm has a market cap of $6.09 billion, a PE ratio of 12.29 and a beta of 1.41. Mr. Cooper Group Inc. has a 1-year low of $61.38 and a 1-year high of $103.05.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $548.09 million. During the same period in the previous year, the firm earned $2.79 earnings per share. The firm's quarterly revenue was up 32.8% on a year-over-year basis. On average, equities analysts expect that Mr. Cooper Group Inc. will post 10.16 EPS for the current year.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Monday, December 2nd. The stock was 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 in the company, valued at approximately $76,973,153.18. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.33% of the stock is currently owned by corporate insiders.

Mr. Cooper Group Company 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.