Sanctuary Advisors LLC Buys Shares of 7,948 Mr. Cooper Group Inc. (NASDAQ:COOP)

Sanctuary Advisors LLC bought a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,948 shares of the company’s stock, valued at approximately $626,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LSV Asset Management increased its stake in shares of Mr. Cooper Group by 249.2% during the 2nd quarter. LSV Asset Management now owns 633,260 shares of the company’s stock valued at $51,440,000 after acquiring an additional 451,926 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Mr. Cooper Group by 198.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 663,530 shares of the company’s stock valued at $43,209,000 after acquiring an additional 441,282 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Mr. Cooper Group by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 7,626,038 shares of the company’s stock valued at $496,608,000 after acquiring an additional 391,780 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Mr. Cooper Group by 984.4% during 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 during the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in shares of Mr. Cooper Group during the 2nd quarter valued at about $21,609,000. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COOP has been the subject of a number of research analyst reports. Wedbush upped their price objective on shares of Mr. Cooper Group from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods downgraded shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price objective for the company. in a research note on Monday, July 22nd. 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 research report on Friday, July 26th. Finally, Barclays increased their target price on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.29.

Mr. Cooper Group Stock Performance

COOP opened at $96.14 on Tuesday. The firm has a 50 day moving average price of $90.93 and a 200 day moving average price of $85.10. The company has a market cap of $6.22 billion, a PE ratio of 10.07 and a beta of 1.40. Mr. Cooper Group Inc. has a 1 year low of $52.50 and a 1 year high of $96.82.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.19. The firm had revenue of $583.00 million during the quarter, compared to analysts’ expectations of $552.09 million. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. Mr. Cooper Group’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 EPS. On average, sell-side analysts predict that Mr. Cooper Group Inc. will post 9.97 earnings per share 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.