SG Americas Securities LLC Has $277,000 Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

SG Americas Securities LLC boosted its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 35.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,000 shares of the company’s stock after buying an additional 793 shares during the quarter. SG Americas Securities LLC’s holdings in Mr. Cooper Group were worth $277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COOP. Vanguard Group Inc. lifted its holdings in Mr. Cooper Group by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 7,626,038 shares of the company’s stock worth $496,608,000 after buying an additional 391,780 shares during the period. GAMMA Investing LLC lifted its holdings in Mr. Cooper Group by 20.6% during the 1st quarter. GAMMA Investing LLC now owns 1,085 shares of the company’s stock worth $85,000 after buying an additional 185 shares during the period. Harbour Capital Advisors LLC lifted its holdings in Mr. Cooper Group by 79.6% during the 1st quarter. Harbour Capital Advisors LLC now owns 11,955 shares of the company’s stock worth $907,000 after buying an additional 5,300 shares during the period. Oliver Luxxe Assets LLC lifted its holdings in Mr. Cooper Group by 1.8% during the 1st quarter. Oliver Luxxe Assets LLC now owns 21,125 shares of the company’s stock worth $1,647,000 after buying an additional 375 shares during the period. Finally, AlphaMark Advisors LLC lifted its stake in shares of Mr. Cooper Group by 6.9% in the 1st quarter. AlphaMark Advisors LLC now owns 4,675 shares of the company’s stock valued at $364,000 after purchasing an additional 301 shares during the period. 89.82% of the stock is owned by institutional investors and hedge funds.

Mr. Cooper Group Stock Performance

COOP stock opened at $95.31 on Monday. The stock’s 50 day simple moving average is $91.83 and its 200 day simple moving average is $85.58. Mr. Cooper Group Inc. has a fifty-two week low of $52.50 and a fifty-two week high of $97.35. The company has a market cap of $6.15 billion, a P/E ratio of 9.01 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.52 EPS 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 analyst estimates of $552.09 million. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.66 EPS. Equities analysts predict that Mr. Cooper Group Inc. will post 9.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

COOP has been the topic of a number of recent analyst reports. Piper Sandler boosted their price objective on Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods downgraded Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price objective on the stock. in a research note on Monday, July 22nd. Barclays boosted their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Wedbush boosted their price objective on Mr. Cooper Group from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.29.

Mr. Cooper Group Company 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.