Oliver Luxxe Assets LLC Buys 17,650 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Oliver Luxxe Assets LLC lifted its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 81.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,276 shares of the company's stock after purchasing an additional 17,650 shares during the period. Oliver Luxxe Assets LLC owned approximately 0.06% of Mr. Cooper Group worth $3,620,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Blue Trust Inc. boosted its stake in Mr. Cooper Group by 77.1% in the 2nd 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 grew its holdings in shares of Mr. Cooper Group by 8,275.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company's stock valued at $27,000 after buying an additional 331 shares in the last quarter. Quarry LP acquired a new position in Mr. Cooper Group during the second quarter valued at $29,000. CWM LLC lifted its stake in Mr. Cooper Group by 34.5% in the 2nd quarter. CWM LLC now owns 601 shares of the company's stock worth $49,000 after acquiring an additional 154 shares in the last quarter. Finally, Perkins Coie Trust Co acquired a new stake in Mr. Cooper Group during the 2nd quarter worth about $81,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

Mr. Cooper Group Price Performance

NASDAQ:COOP traded up $0.95 during trading hours on Monday, reaching $96.14. The company's stock had a trading volume of 567,694 shares, compared to its average volume of 438,123. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 10.07 and a beta of 1.40. Mr. Cooper Group Inc. has a one year low of $52.50 and a one year high of $96.82. The business's 50-day moving average is $90.93 and its 200-day moving average is $85.10.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.52 EPS for the quarter, beating 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 return on equity of 14.10% and a net margin of 33.22%. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.66 EPS. On average, sell-side analysts predict that Mr. Cooper Group Inc. will post 9.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on COOP shares. Wedbush increased their price target on shares of Mr. Cooper Group from $100.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods lowered shares of Mr. Cooper Group from an "outperform" rating to a "market perform" rating and set a $95.00 target price for the company. in a research note on Monday, July 22nd. Piper Sandler upped their price target on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an "overweight" rating in a research note on Friday, July 26th. Finally, Barclays lifted their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Mr. Cooper Group presently has a consensus rating of "Moderate Buy" and an average price target of $96.29.

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.