Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by ClearAlpha Technologies LP

ClearAlpha Technologies LP reduced its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 49.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,780 shares of the company’s stock after selling 4,608 shares during the period. ClearAlpha Technologies LP’s holdings in Mr. Cooper Group were worth $441,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in COOP. Blue Trust Inc. boosted its stake in shares of Mr. Cooper Group by 77.1% during the 2nd quarter. Blue Trust Inc. now owns 333 shares of the company’s stock worth $26,000 after acquiring an additional 145 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Mr. Cooper Group by 8,275.0% in 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 period. Quarry LP purchased a new position in Mr. Cooper Group in the 2nd quarter worth about $29,000. Financial Management Professionals Inc. acquired a new stake in Mr. Cooper Group during the 3rd quarter worth about $30,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in Mr. Cooper Group by 152.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after buying an additional 270 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 818,821 shares in the company, valued at approximately $72,391,964.61. This represents a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.33% of the company’s stock.

Wall Street Analyst Weigh In

COOP has been the topic of several analyst reports. Wedbush reissued an “outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Compass Point lifted their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays increased their target price on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.00.

Mr. Cooper Group Stock Up 0.3 %

Shares of NASDAQ:COOP opened at $98.67 on Monday. Mr. Cooper Group Inc. has a 12-month low of $60.01 and a 12-month high of $103.05. The firm has a market capitalization of $6.31 billion, a P/E ratio of 12.75 and a beta of 1.41. The firm has a fifty day moving average of $94.29 and a two-hundred day moving average of $89.04.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.30. The firm had revenue of $616.00 million for the quarter, compared to the consensus estimate of $548.09 million. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The business’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.79 earnings per share. Equities research analysts expect that Mr. Cooper Group Inc. will post 10.16 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.