Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. trimmed its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,054,756 shares of the company's stock after selling 93,027 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 3.21% of Mr. Cooper Group worth $189,407,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new position in shares of Mr. Cooper Group in the third quarter worth approximately $30,000. Blue Trust Inc. boosted its position 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 worth $26,000 after purchasing an additional 145 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Mr. Cooper Group by 8,275.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company's stock worth $27,000 after purchasing an additional 331 shares during the period. Quarry LP bought a new position in shares of Mr. Cooper Group in the second quarter worth approximately $29,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Mr. Cooper Group during the third quarter worth $52,000. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Trading Up 0.6 %

NASDAQ COOP traded up $0.59 on Monday, hitting $101.55. 147,835 shares of the company's stock traded hands, compared to its average volume of 450,430. Mr. Cooper Group Inc. has a 1-year low of $55.61 and a 1-year high of $103.05. The firm's 50-day moving average price is $92.18 and its two-hundred day moving average price is $87.19. The firm has a market capitalization of $6.50 billion, a PE ratio of 13.04 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced 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 net margin of 25.87% and a return on equity of 13.77%. The business had revenue of $616.00 million during the quarter, compared to analysts' expectations of $548.09 million. During the same period in the previous year, the business posted $2.79 EPS. The business's quarterly revenue was up 32.8% compared to the same quarter last year. On average, research analysts anticipate that Mr. Cooper Group Inc. will post 10.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods lowered 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. 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. Wedbush restated an "outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, October 24th. 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 report on Friday, July 26th. Finally, Compass Point raised their target price on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $98.00.

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.