26,678 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Purchased by Tidal Investments LLC

Tidal Investments LLC bought a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP) during the third quarter, Holdings Channel.com reports. The fund bought 26,678 shares of the company’s stock, valued at approximately $2,459,000.

Several other institutional investors also recently added to or reduced their stakes in COOP. Blue Trust Inc. boosted its position in shares of Mr. Cooper Group by 77.1% in the second quarter. Blue Trust Inc. now owns 333 shares of the company’s stock valued at $26,000 after acquiring an additional 145 shares during the period. Allspring Global Investments Holdings LLC raised its stake 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 last quarter. Quarry LP bought a new stake in Mr. Cooper Group in the 2nd quarter valued at $29,000. Financial Management Professionals Inc. acquired a new stake in Mr. Cooper Group in the 3rd quarter worth $30,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in shares of Mr. Cooper Group by 152.5% during 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 during the period. 89.82% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 818,821 shares in the company, valued at approximately $72,391,964.61. The trade was a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wedbush reissued an “outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Barclays lifted their price objective on 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 raised their target price 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Mr. Cooper Group has a consensus rating of “Moderate Buy” and a consensus price target of $100.57.

Mr. Cooper Group Trading Up 1.6 %

COOP stock opened at $96.84 on Monday. Mr. Cooper Group Inc. has a 1-year low of $61.38 and a 1-year high of $103.05. The business’s 50 day moving average is $95.31 and its 200-day moving average is $90.01. The firm has a market cap of $6.20 billion, a P/E ratio of 12.51 and a beta of 1.41.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, beating the consensus estimate 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 in the previous year, the firm earned $2.79 EPS. Mr. Cooper Group’s quarterly revenue was up 32.8% on a year-over-year basis. Sell-side analysts forecast that Mr. Cooper Group Inc. will post 10.16 EPS for the current year.

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.