Burns Matteson Capital Management LLC Invests $364,000 in Mr. Cooper Group Inc. (NASDAQ:COOP)

Burns Matteson Capital Management LLC acquired a new position in Mr. Cooper Group Inc. (NASDAQ:COOP) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,952 shares of the company’s stock, valued at approximately $364,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in COOP. USA Financial Formulas grew its position in Mr. Cooper Group by 57.9% during the third quarter. USA Financial Formulas now owns 1,184 shares of the company’s stock valued at $109,000 after buying an additional 434 shares during the period. GAMMA Investing LLC lifted its holdings in Mr. Cooper Group by 47.9% during the third quarter. GAMMA Investing LLC now owns 2,228 shares of the company’s stock valued at $205,000 after purchasing an additional 722 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in Mr. Cooper Group by 39.7% during the third quarter. Handelsbanken Fonder AB now owns 16,900 shares of the company’s stock valued at $1,558,000 after purchasing an additional 4,800 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Mr. Cooper Group by 35.9% during the third quarter. SG Americas Securities LLC now owns 3,000 shares of the company’s stock valued at $277,000 after purchasing an additional 793 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Mr. Cooper Group during the second quarter valued at $626,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wedbush increased their price objective on shares of Mr. Cooper Group from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Barclays increased their price objective on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday. Piper Sandler increased 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. Finally, Keefe, Bruyette & Woods downgraded shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target on the stock. in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.29.

Mr. Cooper Group Stock Performance

Shares of NASDAQ:COOP traded up $0.42 during midday trading on Friday, hitting $95.19. The company’s stock had a trading volume of 416,784 shares, compared to its average volume of 413,685. The business’s 50 day simple moving average is $90.67 and its 200 day simple moving average is $84.86. The company has a market cap of $6.14 billion, a P/E ratio of 9.00 and a beta of 1.40. Mr. Cooper Group Inc. has a 12-month low of $52.50 and a 12-month high of $96.00.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Thursday, July 25th. The company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.19. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. The company had revenue of $583.00 million for the quarter, compared to the consensus estimate of $552.09 million. During the same period in the previous year, the firm earned $1.66 earnings per share. Mr. Cooper Group’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, sell-side analysts predict that Mr. Cooper Group Inc. will post 9.97 earnings per share for the current fiscal year.

Mr. Cooper Group Company 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.