Los Angeles Capital Management LLC Has $3 Million Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

by · The Cerbat Gem

Los Angeles Capital Management LLC boosted its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP – Free Report) by 50.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,592 shares of the company’s stock after acquiring an additional 10,964 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Mr. Cooper Group were worth $3,004,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings 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 purchasing an additional 145 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Mr. Cooper Group by 8,275.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company’s stock valued at $27,000 after buying an additional 331 shares during the last quarter. Quarry LP bought a new position in shares of Mr. Cooper Group during the 2nd quarter worth approximately $29,000. Financial Management Professionals Inc. bought a new stake in Mr. Cooper Group in the 3rd quarter valued at $30,000. Finally, CWM LLC raised its stake in 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 acquiring an additional 154 shares during the period. Institutional investors and hedge funds own 89.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on COOP shares. Compass Point increased their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays increased their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods downgraded Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a research report on Monday, July 22nd. Piper Sandler lifted their price target on Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, Wedbush restated an “outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Mr. Cooper Group presently has an average rating of “Moderate Buy” and a consensus target price of $98.00.

Get Our Latest Stock Analysis on COOP

Mr. Cooper Group Stock Performance

Shares of NASDAQ COOP opened at $101.20 on Wednesday. The stock has a market capitalization of $6.48 billion, a P/E ratio of 13.07 and a beta of 1.40. The stock’s fifty day moving average is $92.52 and its 200 day moving average is $87.51. Mr. Cooper Group Inc. has a 52 week low of $55.61 and a 52 week high of $103.05.

Mr. Cooper Group (NASDAQ:COOP – Get Free Report) last issued its 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 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 in the previous year, the company earned $2.79 EPS. The business’s revenue for the quarter was up 32.8% compared to the same quarter last year. Equities research analysts forecast that Mr. Cooper Group Inc. will post 10.17 earnings per share for the current year.

Insider Transactions at Mr. Cooper Group

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 value of $2,652,300.00. Following the transaction, the chief executive officer now owns 818,821 shares in the company, valued at $72,391,964.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.33% of the stock is owned by 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.

See Also

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