New York State Teachers Retirement System Cuts Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

New York State Teachers Retirement System reduced its stake in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 96,649 shares of the company's stock after selling 6,716 shares during the period. New York State Teachers Retirement System owned 0.15% of Mr. Cooper Group worth $7,851,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. grew its position in shares of Mr. Cooper Group by 77.1% in the 2nd quarter. Blue Trust Inc. now owns 333 shares of the company's stock valued at $26,000 after purchasing an additional 145 shares during the period. CWM LLC raised its stake in shares of Mr. Cooper Group by 34.5% in the 2nd quarter. CWM LLC now owns 601 shares of the company's stock valued at $49,000 after purchasing an additional 154 shares during the period. GAMMA Investing LLC raised its stake in shares of Mr. Cooper Group by 20.6% in the 1st quarter. GAMMA Investing LLC now owns 1,085 shares of the company's stock valued at $85,000 after purchasing an additional 185 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Mr. Cooper Group by 2.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 10,521 shares of the company's stock valued at $820,000 after purchasing an additional 203 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of Mr. Cooper Group by 3.1% during the second quarter. QRG Capital Management Inc. now owns 7,470 shares of the company's stock worth $607,000 after buying an additional 228 shares during the period. 89.82% of the stock is owned by institutional investors and hedge funds.

Mr. Cooper Group Price Performance

NASDAQ COOP traded down $0.64 on Monday, reaching $92.12. The stock had a trading volume of 364,186 shares, compared to its average volume of 446,791. Mr. Cooper Group Inc. has a 1-year low of $52.46 and a 1-year high of $95.74. The company has a market cap of $5.96 billion, a P/E ratio of 9.65 and a beta of 1.39. The firm has a fifty day moving average of $85.82 and a two-hundred day moving average of $80.54.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.52 EPS for the quarter, topping analysts' consensus estimates of $2.33 by $0.19. The business had revenue of $583.00 million for the quarter, compared to analyst estimates of $552.09 million. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. Mr. Cooper Group's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $1.66 earnings per share. Research analysts predict that Mr. Cooper Group Inc. will post 9.86 EPS for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the company's stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $81.42, for a total transaction of $2,035,500.00. Following the completion of the sale, the chief executive officer now directly owns 284,631 shares in the company, valued at $23,174,656.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.33% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on COOP. Barclays lifted their price objective on shares of Mr. Cooper Group from $94.00 to $103.00 and gave the company 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 note on Monday, July 22nd. Piper Sandler raised their price objective on Mr. Cooper Group from $91.00 to $106.00 and gave the company an "overweight" rating in a report on Friday, July 26th. Finally, Wedbush increased their price objective on Mr. Cooper Group from $100.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, July 26th. 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $91.88.

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.