Evergreen Capital Management LLC Boosts Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Evergreen Capital Management LLC grew its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,236 shares of the company’s stock after purchasing an additional 211 shares during the quarter. Evergreen Capital Management LLC’s holdings in Mr. Cooper Group were worth $425,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of COOP. Blue Trust Inc. raised its position in Mr. Cooper Group by 77.1% in the 2nd quarter. Blue Trust Inc. now owns 333 shares of the company’s stock worth $26,000 after purchasing an additional 145 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Mr. Cooper Group by 8,275.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company’s stock valued at $27,000 after buying an additional 331 shares during the last quarter. CWM LLC increased its holdings in shares of Mr. Cooper Group by 34.5% in the second quarter. CWM LLC now owns 601 shares of the company’s stock worth $49,000 after buying an additional 154 shares during the period. Quest Partners LLC bought a new stake in shares of Mr. Cooper Group in the 4th quarter valued at about $61,000. Finally, Perkins Coie Trust Co purchased a new stake in Mr. Cooper Group during the 2nd quarter valued at about $81,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on COOP. Wedbush lifted their price target on Mr. Cooper Group from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Barclays lifted their target price on shares of Mr. Cooper Group from $94.00 to $103.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods lowered shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target on the stock. in a report on Monday, July 22nd. Finally, Piper Sandler boosted their price objective on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $95.57.

Mr. Cooper Group Trading Down 0.9 %

NASDAQ:COOP opened at $89.88 on Friday. The company has a 50-day moving average price of $89.98 and a 200-day moving average price of $83.48. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of 9.41 and a beta of 1.41. Mr. Cooper Group Inc. has a 12 month low of $52.46 and a 12 month high of $96.00.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.33 by $0.19. The company had revenue of $583.00 million during the quarter, compared to the consensus estimate of $552.09 million. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. Mr. Cooper Group’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.66 earnings per share. Equities analysts forecast that Mr. Cooper Group Inc. will post 9.86 EPS for the current fiscal year.

Mr. Cooper Group 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.