Hantz Financial Services Inc. Takes $21.61 Million Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Hantz Financial Services Inc. acquired a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 266,018 shares of the company's stock, valued at approximately $21,609,000. Hantz Financial Services Inc. owned approximately 0.41% of Mr. Cooper Group as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $80.93, for a total value of $2,023,250.00. Following the transaction, the chief executive officer now directly owns 259,631 shares in the company, valued at $21,011,936.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.33% of the company's stock.

Mr. Cooper Group Price Performance

Shares of NASDAQ:COOP traded up $0.95 during midday trading on Friday, reaching $93.81. The company's stock had a trading volume of 243,997 shares, compared to its average volume of 442,205. The business's fifty day simple moving average is $86.69 and its 200-day simple moving average is $81.06. Mr. Cooper Group Inc. has a fifty-two week low of $52.46 and a fifty-two week high of $95.74. The company has a market capitalization of $6.07 billion, a P/E ratio of 9.82 and a beta of 1.39.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its earnings results on Thursday, July 25th. The company reported $2.52 earnings per share for the quarter, topping analysts' consensus estimates of $2.33 by $0.19. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. The company had revenue of $583.00 million during the quarter, compared to the consensus estimate of $552.09 million. During the same period in the previous year, the firm posted $1.66 earnings per share. The company's revenue was up 3.4% on a year-over-year basis. On average, analysts forecast that Mr. Cooper Group Inc. will post 9.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

COOP has been the topic of a number of recent analyst reports. Piper Sandler lifted their price objective on Mr. Cooper Group from $91.00 to $106.00 and gave the stock an "overweight" rating in a research note on Friday, July 26th. Wedbush boosted their price objective on Mr. Cooper Group from $100.00 to $115.00 and gave the company an "outperform" rating in a research 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 target on the stock. in a research note on Monday, July 22nd. Finally, Barclays raised their price objective on shares of Mr. Cooper Group from $94.00 to $103.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.88.

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.