AlphaMark Advisors LLC Decreases Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)

AlphaMark Advisors LLC decreased its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 5.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,755 shares of the company’s stock after selling 204 shares during the quarter. AlphaMark Advisors LLC’s holdings in Mr. Cooper Group were worth $346,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of COOP. Vanguard Group Inc. lifted its stake in Mr. Cooper Group by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 7,668,898 shares of the company’s stock worth $597,791,000 after purchasing an additional 42,860 shares in the last quarter. Wellington Management Group LLP boosted its stake in Mr. Cooper Group by 1.5% during the fourth quarter. Wellington Management Group LLP now owns 1,714,900 shares of the company’s stock worth $111,674,000 after buying an additional 25,351 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Mr. Cooper Group by 198.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 663,530 shares of the company’s stock valued at $43,209,000 after buying an additional 441,282 shares in the last quarter. LSV Asset Management increased its stake in shares of Mr. Cooper Group by 249.2% in the 2nd quarter. LSV Asset Management now owns 633,260 shares of the company’s stock worth $51,440,000 after acquiring an additional 451,926 shares during the last quarter. Finally, Cercano Management LLC raised its holdings in shares of Mr. Cooper Group by 39.1% during the 1st quarter. Cercano Management LLC now owns 502,618 shares of the company’s stock worth $39,179,000 after acquiring an additional 141,332 shares during the period. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on COOP. Keefe, Bruyette & Woods cut shares of 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. Barclays lifted their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Wedbush increased their price objective on Mr. Cooper Group from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Piper Sandler upped their price target on Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.29.

Mr. Cooper Group Stock Down 1.0 %

COOP opened at $95.31 on Friday. Mr. Cooper Group Inc. has a 52 week low of $52.50 and a 52 week high of $97.35. The business has a fifty day simple moving average of $91.83 and a 200-day simple moving average of $85.51. The firm has a market cap of $6.17 billion, a P/E ratio of 9.98 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Thursday, July 25th. The company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.19. The company had revenue of $583.00 million during the quarter, compared to analysts’ expectations of $552.09 million. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. Mr. Cooper Group’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the business posted $1.66 EPS. Sell-side analysts expect that Mr. Cooper Group Inc. will post 9.98 earnings per share for the current year.

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.