UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $9.62 Million Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 12.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,404 shares of the company's stock after selling 14,965 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.16% of Mr. Cooper Group worth $9,624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COOP. Blue Trust Inc. boosted its position in Mr. Cooper Group by 77.1% during 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. Allspring Global Investments Holdings LLC boosted its position in Mr. Cooper Group by 8,275.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company's stock valued at $27,000 after purchasing an additional 331 shares during the period. Quarry LP acquired a new position in Mr. Cooper Group during the 2nd quarter valued at approximately $29,000. Financial Management Professionals Inc. acquired a new position in Mr. Cooper Group during the 3rd quarter valued at approximately $30,000. Finally, Harvest Fund Management Co. Ltd boosted its position in Mr. Cooper Group by 152.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company's stock valued at $41,000 after purchasing an additional 270 shares during the period. Institutional investors and hedge funds own 89.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on COOP. Compass Point boosted their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Wedbush reiterated an "outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Finally, Barclays boosted their price target on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Mr. Cooper Group presently has an average rating of "Moderate Buy" and an average target price of $100.57.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the sale, the chief executive officer now directly owns 818,821 shares of the company's stock, valued at $72,391,964.61. The trade was a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.33% of the stock is owned by insiders.

Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock traded down $1.31 during trading on Monday, hitting $95.90. The stock had a trading volume of 356,280 shares, compared to its average volume of 448,062. The firm has a market cap of $6.14 billion, a P/E ratio of 12.39 and a beta of 1.41. The business has a fifty day moving average of $94.96 and a two-hundred day moving average of $89.63. Mr. Cooper Group Inc. has a fifty-two week low of $61.38 and a fifty-two week high of $103.05.

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

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.