Sanctuary Advisors LLC Has $1.87 Million Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)

Sanctuary Advisors LLC grew its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOPFree Report) by 137.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 18,843 shares of the company’s stock after buying an additional 10,895 shares during the period. Sanctuary Advisors LLC’s holdings in Mr. Cooper Group were worth $1,873,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in COOP. Blue Trust Inc. raised its stake in shares of Mr. Cooper Group by 77.1% in 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 in the last quarter. Aristeia Capital L.L.C. increased its stake in Mr. Cooper Group by 4.2% in the second quarter. Aristeia Capital L.L.C. now owns 4,197 shares of the company’s stock valued at $341,000 after acquiring an additional 169 shares during the period. Truist Financial Corp raised its position in Mr. Cooper Group by 1.6% in the second quarter. Truist Financial Corp now owns 11,840 shares of the company’s stock worth $962,000 after purchasing an additional 187 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in Mr. Cooper Group by 4.2% during the second quarter. Evergreen Capital Management LLC now owns 5,236 shares of the company’s stock worth $425,000 after purchasing an additional 211 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its stake in Mr. Cooper Group by 7.6% during the third quarter. First Trust Direct Indexing L.P. now owns 3,021 shares of the company’s stock worth $278,000 after purchasing an additional 213 shares during the period. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock opened at $93.73 on Friday. The business’s fifty day moving average is $95.55 and its two-hundred day moving average is $90.28. The firm has a market cap of $6.00 billion, a P/E ratio of 12.11 and a beta of 1.41. Mr. Cooper Group Inc. has a 52 week low of $61.38 and a 52 week high of $103.05.

Mr. Cooper Group (NASDAQ:COOPGet Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $548.09 million. During the same quarter in the previous year, the company posted $2.79 EPS. Mr. Cooper Group’s revenue was up 32.8% on a year-over-year basis. On average, equities research analysts predict that Mr. Cooper Group Inc. will post 10.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on COOP shares. Wedbush reissued an “outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, October 24th. Compass Point increased their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays boosted their target price on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.57.

Check Out Our Latest Stock Report on Mr. Cooper Group

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the transaction, the chief executive officer now owns 788,821 shares in the company, valued at approximately $76,973,153.18. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.33% of the stock is owned by corporate insiders.

Mr. Cooper Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mr. Cooper Group (NASDAQ:COOP)

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