Prudent Man Advisors LLC Invests $241,000 in Mr. Cooper Group Inc. (NASDAQ:COOP)

Prudent Man Advisors LLC purchased a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,614 shares of the company’s stock, valued at approximately $241,000.

A number of other hedge funds have also bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its holdings in Mr. Cooper Group by 984.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock valued at $30,476,000 after acquiring an additional 354,905 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in Mr. Cooper Group in the first quarter valued at about $5,301,000. Sei Investments Co. lifted its position in Mr. Cooper Group by 68.2% during the first quarter. Sei Investments Co. now owns 36,139 shares of the company’s stock worth $2,817,000 after purchasing an additional 14,652 shares during the period. Waterfall Asset Management LLC acquired a new stake in Mr. Cooper Group during the second quarter worth about $809,000. Finally, Los Angeles Capital Management LLC increased its holdings in Mr. Cooper Group by 50.7% in the 3rd quarter. Los Angeles Capital Management LLC now owns 32,592 shares of the company’s stock valued at $3,004,000 after buying an additional 10,964 shares during the period. 89.82% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of the 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 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. This represents a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on COOP shares. Keefe, Bruyette & Woods lowered shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target on the stock. in a research report on Monday, July 22nd. Wedbush reiterated an “outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Compass Point upped their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Barclays lifted their target price 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, Piper Sandler increased their target price on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Mr. Cooper Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

Mr. Cooper Group Stock Up 1.2 %

Shares of COOP opened at $97.32 on Tuesday. The stock has a market cap of $6.23 billion, a PE ratio of 12.57 and a beta of 1.40. Mr. Cooper Group Inc. has a 12-month low of $58.17 and a 12-month high of $103.05. The business has a 50-day simple moving average of $93.06 and a two-hundred day simple moving average of $88.04.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 earnings per share (EPS) for the quarter, beating 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 business had revenue of $616.00 million during the quarter, compared to analyst estimates of $548.09 million. During the same quarter last year, the business earned $2.79 EPS. The firm’s quarterly revenue was up 32.8% on a year-over-year basis. On average, equities research analysts expect that Mr. Cooper Group Inc. will post 10.17 EPS for the current 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.