State of Alaska Department of Revenue Cuts Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

State of Alaska Department of Revenue cut its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 3.5% during the 3rd quarter, Holdings Channel reports. The firm owned 36,799 shares of the company’s stock after selling 1,323 shares during the quarter. State of Alaska Department of Revenue’s holdings in Mr. Cooper Group were worth $3,392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in Mr. Cooper Group by 77.1% during the second quarter. Blue Trust Inc. now owns 333 shares of the company’s stock worth $26,000 after purchasing an additional 145 shares during the last quarter. CWM LLC boosted its stake in Mr. Cooper Group by 34.5% in the second quarter. CWM LLC now owns 601 shares of the company’s stock valued at $49,000 after acquiring an additional 154 shares during the last quarter. Aristeia Capital L.L.C. boosted its stake in Mr. Cooper Group by 4.2% in the second quarter. Aristeia Capital L.L.C. now owns 4,197 shares of the company’s stock valued at $341,000 after acquiring an additional 169 shares during the last quarter. Truist Financial Corp boosted its stake in Mr. Cooper Group by 1.6% in the second quarter. Truist Financial Corp now owns 11,840 shares of the company’s stock valued at $962,000 after acquiring an additional 187 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in Mr. Cooper Group by 2.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 10,521 shares of the company’s stock valued at $820,000 after acquiring an additional 203 shares during the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on COOP shares. 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. Keefe, Bruyette & Woods cut shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a research note on Monday, July 22nd. Wedbush restated an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Piper Sandler upped their price target on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Compass Point upped their price target on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

Mr. Cooper Group Trading Down 0.7 %

Mr. Cooper Group stock opened at $90.52 on Thursday. The firm’s 50 day simple moving average is $91.99 and its 200 day simple moving average is $86.33. The firm has a market capitalization of $5.79 billion, a PE ratio of 9.48 and a beta of 1.40. Mr. Cooper Group Inc. has a 1-year low of $54.07 and a 1-year high of $97.35.

Mr. Cooper Group (NASDAQ:COOP) last posted its 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 business 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 revenue was up 32.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.79 EPS. Research analysts forecast that Mr. Cooper Group Inc. will post 10.17 earnings per share for the current year.

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.