Hantz Financial Services Inc. Sells 42,205 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Hantz Financial Services Inc. reduced its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 15.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 223,813 shares of the company’s stock after selling 42,205 shares during the quarter. Hantz Financial Services Inc.’s holdings in Mr. Cooper Group were worth $20,631,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings 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 buying an additional 145 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings 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 buying an additional 331 shares during the last quarter. Quarry LP bought a new stake in Mr. Cooper Group during the 2nd quarter valued at $29,000. Financial Management Professionals Inc. bought a new stake in Mr. Cooper Group during the 3rd quarter valued at $30,000. Finally, Harvest Fund Management Co. Ltd raised its holdings in Mr. Cooper Group by 152.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock worth $41,000 after purchasing an additional 270 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Price Performance

NASDAQ:COOP opened at $98.33 on Friday. The firm’s 50-day moving average price is $94.02 and its 200-day moving average price is $88.80. The company has a market capitalization of $6.29 billion, a PE ratio of 12.70 and a beta of 1.40. Mr. Cooper Group Inc. has a 1-year low of $59.03 and a 1-year high of $103.05.

Mr. Cooper Group (NASDAQ:COOP) last released 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 net margin of 25.87% and a return on equity of 13.77%. The firm had revenue of $616.00 million for the quarter, compared to the consensus estimate of $548.09 million. During the same period in the prior year, the firm earned $2.79 EPS. The company’s revenue was up 32.8% compared to the same quarter last year. Equities analysts anticipate that Mr. Cooper Group Inc. will post 10.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

COOP has been the subject of several research reports. Wedbush restated an “outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, October 24th. Barclays upped their price objective on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a 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 stock a “buy” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.00.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated Friday, November 1st. The shares were 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 approximately $72,391,964.61. This represents a 3.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.33% of the stock is currently owned by insiders.

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.