Jackson Creek Investment Advisors LLC Cuts Stock Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Jackson Creek Investment Advisors LLC lessened its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 36.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,584 shares of the company's stock after selling 7,711 shares during the quarter. Jackson Creek Investment Advisors LLC's holdings in Mr. Cooper Group were worth $1,103,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in COOP. USA Financial Formulas bought a new stake in shares of Mr. Cooper Group in the 4th quarter valued at about $25,000. Blue Trust Inc. lifted 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 worth $26,000 after acquiring an additional 145 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in 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 valued at $27,000 after acquiring an additional 331 shares during the last quarter. CWM LLC increased its position in Mr. Cooper Group by 34.5% during 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. Finally, Quest Partners LLC acquired a new stake in Mr. Cooper Group during the 4th quarter valued at approximately $61,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Mr. Cooper Group Stock Up 0.0 %

COOP traded up $0.02 during midday trading on Wednesday, hitting $91.65. The company had a trading volume of 218,408 shares, compared to its average volume of 440,027. The stock's 50 day moving average price is $87.37 and its 200 day moving average price is $81.44. Mr. Cooper Group Inc. has a 52 week low of $52.46 and a 52 week high of $95.74. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 9.60 and a beta of 1.41.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly 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 return on equity of 14.10% and a net margin of 33.22%. The business had revenue of $583.00 million for the quarter, compared to the consensus estimate of $552.09 million. During the same period in the prior year, the business earned $1.66 EPS. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. Research analysts predict that Mr. Cooper Group Inc. will post 9.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on COOP. Barclays upped their price objective on shares of Mr. Cooper Group from $94.00 to $103.00 and gave the company an "overweight" rating in a research note on Friday, July 26th. Wedbush boosted their target price on shares of Mr. Cooper Group from $100.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Piper Sandler increased their price target on Mr. Cooper Group from $91.00 to $106.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods lowered 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. Two equities 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $91.88.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the firm's stock in a transaction 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 of the company's stock, valued at $21,011,936.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.33% of the stock is currently owned by insiders.

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.