Everence Capital Management Inc. Lowers Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Everence Capital Management Inc. trimmed its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 62.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,730 shares of the company’s stock after selling 7,980 shares during the quarter. Everence Capital Management Inc.’s holdings in Mr. Cooper Group were worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in COOP. Charles Schwab Investment Management Inc. grew its position in Mr. Cooper Group by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock worth $84,471,000 after purchasing an additional 52,001 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of Mr. Cooper Group in the third quarter valued at approximately $2,537,000. Cynosure Group LLC purchased a new stake in shares of Mr. Cooper Group during the third quarter valued at approximately $730,000. FMR LLC lifted its holdings in Mr. Cooper Group by 42.9% during the third quarter. FMR LLC now owns 485,907 shares of the company’s stock worth $44,791,000 after acquiring an additional 145,767 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in Mr. Cooper Group by 50.7% during the third quarter. Los Angeles Capital Management LLC now owns 32,592 shares of the company’s stock worth $3,004,000 after acquiring an additional 10,964 shares during the period. Institutional investors own 89.82% of the company’s stock.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the sale, the chief executive officer now owns 758,821 shares of the company’s stock, valued at approximately $71,700,996.29. This represents a 3.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 90,000 shares of company stock valued at $8,414,400 over the last three months. Company insiders own 2.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on COOP shares. Wedbush reaffirmed an “outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Compass Point raised their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a report 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 stock. According to data from MarketBeat, Mr. Cooper Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.57.

Mr. Cooper Group Stock Up 1.5 %

NASDAQ COOP opened at $95.39 on Monday. The company has a market cap of $6.10 billion, a PE ratio of 12.32 and a beta of 1.43. Mr. Cooper Group Inc. has a 52 week low of $61.38 and a 52 week high of $103.05. The firm’s 50-day simple moving average is $95.97 and its two-hundred day simple moving average is $91.39.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 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 company had revenue of $616.00 million for the quarter, compared to analysts’ expectations of $548.09 million. During the same period in the prior year, the company posted $2.79 EPS. Mr. Cooper Group’s revenue was up 32.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Mr. Cooper Group Inc. will post 10.16 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.