2,614 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Bought by Prudent Man Advisors LLC

Prudent Man Advisors LLC bought a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP) during the 3rd quarter, HoldingsChannel reports. The firm bought 2,614 shares of the company’s stock, valued at approximately $241,000.

A number of other institutional investors have also bought and sold shares of COOP. LSV Asset Management grew its position in shares of Mr. Cooper Group by 249.2% during the 2nd quarter. LSV Asset Management now owns 633,260 shares of the company’s stock worth $51,440,000 after buying an additional 451,926 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Mr. Cooper Group by 984.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock worth $30,476,000 after purchasing an additional 354,905 shares during the period. Hantz Financial Services Inc. bought a new stake in Mr. Cooper Group in the second quarter valued at $21,609,000. Assenagon Asset Management S.A. raised its holdings in shares of Mr. Cooper Group by 11.1% during the third quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company’s stock valued at $114,988,000 after purchasing an additional 125,055 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in shares of Mr. Cooper Group during the second quarter valued at about $8,224,000. Institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Trading Up 1.2 %

NASDAQ COOP opened at $97.32 on Tuesday. The business has a fifty day simple moving average of $93.06 and a 200 day simple moving average of $88.04. Mr. Cooper Group Inc. has a 12 month low of $58.17 and a 12 month high of $103.05. The firm has a market capitalization of $6.23 billion, a P/E ratio of 12.57 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.30. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The company had revenue of $616.00 million for the quarter, compared to analyst estimates of $548.09 million. During the same period last year, the firm earned $2.79 earnings per share. The firm’s revenue was up 32.8% on a year-over-year basis. As a group, sell-side analysts predict that Mr. Cooper Group Inc. will post 10.17 EPS for the current fiscal year.

Analysts Set New Price Targets

COOP has been the subject of a number of research analyst reports. 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 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 boosted 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 note on Tuesday, October 8th. Finally, Compass Point raised 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 note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $98.00.

Insiders Place Their Bets

In related news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 818,821 shares of the company’s stock, valued at approximately $72,391,964.61. The trade was a 3.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.33% of the company’s stock.

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.