Public Sector Pension Investment Board Sells 5,500 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Public Sector Pension Investment Board decreased its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 136,862 shares of the company’s stock after selling 5,500 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.21% of Mr. Cooper Group worth $12,616,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. De Lisle Partners LLP bought a new position in Mr. Cooper Group in the 3rd quarter valued at $1,106,000. Blueshift Asset Management LLC raised its position in Mr. Cooper Group by 87.0% in the 3rd quarter. Blueshift Asset Management LLC now owns 5,343 shares of the company’s stock valued at $493,000 after purchasing an additional 2,486 shares during the last quarter. Cynosure Group LLC bought a new position in Mr. Cooper Group in the 3rd quarter valued at $730,000. FMR LLC raised its position in Mr. Cooper Group by 42.9% in the 3rd quarter. FMR LLC now owns 485,907 shares of the company’s stock valued at $44,791,000 after purchasing an additional 145,767 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its position in Mr. Cooper Group by 152.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after purchasing an additional 270 shares during the last quarter. Institutional investors own 89.82% of the company’s stock.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 818,821 shares of the company’s stock, valued at approximately $72,391,964.61. The trade was a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.33% of the stock is owned by insiders.

Mr. Cooper Group Stock Up 0.0 %

Shares of Mr. Cooper Group stock opened at $98.33 on Friday. Mr. Cooper Group Inc. has a 12 month low of $59.03 and a 12 month high of $103.05. The business has a fifty day simple moving average of $94.02 and a 200 day simple moving average of $88.80. The stock has a market cap of $6.29 billion, a PE ratio of 12.70 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The business had revenue of $616.00 million during the quarter, compared to analysts’ expectations of $548.09 million. During the same period in the previous year, the firm earned $2.79 earnings per share. The firm’s quarterly revenue was up 32.8% compared to the same quarter last year. Analysts expect that Mr. Cooper Group Inc. will post 10.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on COOP. Compass Point lifted their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Wedbush restated an “outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Finally, Barclays boosted their target price on 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 six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

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.