Los Angeles Capital Management LLC Purchases 10,964 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Los Angeles Capital Management LLC grew its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 50.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,592 shares of the company’s stock after purchasing an additional 10,964 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.05% of Mr. Cooper Group worth $3,004,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sei Investments Co. boosted its stake in Mr. Cooper Group by 68.2% in the first quarter. Sei Investments Co. now owns 36,139 shares of the company’s stock valued at $2,817,000 after acquiring an additional 14,652 shares during the last quarter. Headlands Technologies LLC boosted its position in shares of Mr. Cooper Group by 64.8% in the 1st quarter. Headlands Technologies LLC now owns 2,721 shares of the company’s stock worth $212,000 after purchasing an additional 1,070 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Mr. Cooper Group by 5.9% during the first quarter. Russell Investments Group Ltd. now owns 35,860 shares of the company’s stock worth $2,795,000 after purchasing an additional 2,007 shares during the period. US Bancorp DE increased its holdings in Mr. Cooper Group by 16.0% in the first quarter. US Bancorp DE now owns 13,611 shares of the company’s stock valued at $1,061,000 after purchasing an additional 1,876 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in Mr. Cooper Group by 7.1% in the first quarter. ProShare Advisors LLC now owns 13,011 shares of the company’s stock valued at $1,014,000 after buying an additional 867 shares during the period. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Trading Down 0.2 %

COOP opened at $101.20 on Wednesday. The firm’s fifty day simple moving average is $92.52 and its 200 day simple moving average is $87.51. The stock has a market capitalization of $6.48 billion, a P/E ratio of 13.07 and a beta of 1.40. Mr. Cooper Group Inc. has a 12 month low of $55.61 and a 12 month high of $103.05.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share (EPS) for the quarter, beating 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 quarter last year, the firm earned $2.79 EPS. Mr. Cooper Group’s revenue for the quarter was up 32.8% compared to the same quarter last year. On average, equities research analysts predict that Mr. Cooper Group Inc. will post 10.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered 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 report on Monday, July 22nd. Piper Sandler boosted their price objective on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Wedbush reiterated an “outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, October 24th. Barclays lifted 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, Compass Point upped their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $98.00.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Friday, November 1st. The shares were sold at an average price of $88.41, for a total value of $2,652,300.00. Following the sale, the chief executive officer now directly owns 818,821 shares in the company, valued at approximately $72,391,964.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.