Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its position in Mr. Cooper Group Inc. (NASDAQ:COOP) by 152.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 447 shares of the company’s stock after acquiring an additional 270 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Mr. Cooper Group were worth $41,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Blue Trust Inc. raised its stake in shares of Mr. Cooper Group by 77.1% in the second quarter. Blue Trust Inc. now owns 333 shares of the company’s stock valued at $26,000 after acquiring an additional 145 shares in the last quarter. CWM LLC raised its position 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 purchasing an additional 154 shares in the last quarter. Aristeia Capital L.L.C. boosted its stake 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 valued at $341,000 after buying an additional 169 shares during the period. Truist Financial Corp boosted its stake in shares of Mr. Cooper Group by 1.6% in the 2nd quarter. Truist Financial Corp now owns 11,840 shares of the company’s stock valued at $962,000 after buying an additional 187 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of 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 worth $820,000 after buying an additional 203 shares in the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Mr. Cooper Group Price Performance

Shares of COOP opened at $98.33 on Friday. Mr. Cooper Group Inc. has a 1-year low of $59.03 and a 1-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 firm has a fifty day moving average price of $94.02 and a 200 day moving average price of $88.80.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.30. The business had revenue of $616.00 million during 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% on a year-over-year basis. During the same period in the previous year, the business earned $2.79 EPS. As a group, equities analysts expect that Mr. Cooper Group Inc. will post 10.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wedbush reaffirmed 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 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group 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 transaction, the chief executive officer now directly owns 818,821 shares of the company’s stock, valued at $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 is available through this link. 2.33% of the stock is owned by company insiders.

Mr. Cooper Group 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.