Blueshift Asset Management LLC Increases Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Blueshift Asset Management LLC boosted its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 87.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,343 shares of the company’s stock after purchasing an additional 2,486 shares during the quarter. Blueshift Asset Management LLC’s holdings in Mr. Cooper Group were worth $493,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. increased its stake in shares of Mr. Cooper Group by 77.1% during the second 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 period. CWM LLC raised its holdings in shares of Mr. Cooper Group by 34.5% in the 2nd quarter. CWM LLC now owns 601 shares of the company’s stock valued at $49,000 after purchasing an additional 154 shares in the last quarter. Aristeia Capital L.L.C. lifted its position in shares of Mr. Cooper Group by 4.2% in the 2nd quarter. Aristeia Capital L.L.C. now owns 4,197 shares of the company’s stock worth $341,000 after purchasing an additional 169 shares during the period. Truist Financial Corp boosted its stake in shares of Mr. Cooper Group by 1.6% during the second quarter. Truist Financial Corp now owns 11,840 shares of the company’s stock valued at $962,000 after purchasing an additional 187 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in Mr. Cooper Group by 2.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 10,521 shares of the company’s stock valued at $820,000 after buying an additional 203 shares during the period. 89.82% of the stock is owned by institutional investors.

Insider Activity

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the completion of the sale, the chief executive officer now 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wedbush reaffirmed 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 raised their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Compass Point boosted their target price 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Mr. Cooper Group presently has an average rating of “Moderate Buy” and an average price target of $98.00.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock opened at $98.33 on Thursday. Mr. Cooper Group Inc. has a one year low of $59.03 and a one year high of $103.05. The stock has a market cap of $6.29 billion, a PE ratio of 12.70 and a beta of 1.40. The stock has a 50-day moving average of $93.92 and a two-hundred day moving average of $88.74.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Wednesday, October 23rd. The company reported $2.84 EPS 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 company had revenue of $616.00 million during the quarter, compared to analysts’ expectations of $548.09 million. During the same period last year, the business earned $2.79 EPS. Mr. Cooper Group’s revenue for the quarter was up 32.8% on a year-over-year basis. As a group, sell-side analysts predict that Mr. Cooper Group Inc. will post 10.16 EPS for the current fiscal 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.