Mutual of America Capital Management LLC Sells 939 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Mutual of America Capital Management LLC lessened its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 8.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,699 shares of the company’s stock after selling 939 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Mr. Cooper Group were worth $894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. lifted its stake in Mr. Cooper Group by 2,483.1% during the 1st quarter. Bessemer Group Inc. now owns 1,524 shares of the company’s stock valued at $119,000 after acquiring an additional 1,465 shares during the period. Advisors Asset Management Inc. bought a new position in Mr. Cooper Group in the 1st quarter worth $476,000. Price T Rowe Associates Inc. MD lifted its position in Mr. Cooper Group by 984.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock valued at $30,476,000 after purchasing an additional 354,905 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Mr. Cooper Group by 13.7% during the first quarter. Public Employees Retirement System of Ohio now owns 24,504 shares of the company’s stock valued at $1,910,000 after purchasing an additional 2,953 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in Mr. Cooper Group by 49.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 65,805 shares of the company’s stock worth $5,130,000 after buying an additional 21,644 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the completion of the sale, the chief executive officer now owns 818,821 shares in the company, valued at $72,391,964.61. The trade was a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on COOP shares. Barclays upped their price target 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. Compass Point upped their target price 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, Wedbush reissued an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

Mr. Cooper Group Stock Down 2.4 %

COOP opened at $98.29 on Wednesday. The firm’s fifty day simple moving average is $93.85 and its two-hundred day simple moving average is $88.63. Mr. Cooper Group Inc. has a 52-week low of $59.03 and a 52-week high of $103.05. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 12.70 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.30. The firm had revenue of $616.00 million for the quarter, compared to analyst estimates of $548.09 million. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. Mr. Cooper Group’s quarterly revenue was up 32.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.79 earnings per share. On average, research analysts forecast 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.