Public Sector Pension Investment Board Has $12.62 Million Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)

Public Sector Pension Investment Board cut its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 136,862 shares of the company's stock after selling 5,500 shares during the quarter. Public Sector Pension Investment Board owned about 0.21% of Mr. Cooper Group worth $12,616,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its stake in shares of Mr. Cooper Group by 984.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company's stock valued at $30,476,000 after purchasing an additional 354,905 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of Mr. Cooper Group by 50.7% during the third quarter. Los Angeles Capital Management LLC now owns 32,592 shares of the company's stock worth $3,004,000 after buying an additional 10,964 shares in the last quarter. Cynosure Group LLC acquired a new stake in Mr. Cooper Group in the 3rd quarter valued at approximately $730,000. Charles Schwab Investment Management Inc. lifted its stake in Mr. Cooper Group by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company's stock valued at $84,471,000 after acquiring an additional 52,001 shares in the last quarter. Finally, Waterfall Asset Management LLC acquired a new position in Mr. Cooper Group during the 2nd quarter worth approximately $809,000. 89.82% of the stock is owned by institutional investors.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock traded up $0.34 during midday trading on Friday, reaching $98.67. 241,180 shares of the company's stock were exchanged, compared to its average volume of 450,227. The stock's 50-day simple moving average is $94.14 and its 200 day simple moving average is $88.87. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 12.70 and a beta of 1.40. Mr. Cooper Group Inc. has a 52 week low of $60.01 and a 52 week high of $103.05.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The business had revenue of $616.00 million for the quarter, compared to analyst estimates of $548.09 million. During the same period in the previous year, the firm earned $2.79 EPS. The firm's revenue was up 32.8% compared to the same quarter last year. Research analysts forecast that Mr. Cooper Group Inc. will post 10.16 earnings per share for the current year.

Insider Activity

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $88.41, for a total value of $2,652,300.00. Following the transaction, the chief executive officer now directly owns 818,821 shares of the company's stock, valued at $72,391,964.61. This represents a 3.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.33% of the company's stock.

Wall Street Analysts Forecast Growth

COOP has been the topic of a number of research reports. Compass Point boosted their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Barclays boosted their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.