27,525 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Acquired by World Investment Advisors LLC

World Investment Advisors LLC bought a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 27,525 shares of the company’s stock, valued at approximately $2,537,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of Mr. Cooper Group by 77.1% during the second quarter. Blue Trust Inc. now owns 333 shares of the company’s stock valued at $26,000 after purchasing an additional 145 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Mr. Cooper Group by 8,275.0% during the 2nd 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 period. Quarry LP bought a new stake in shares of Mr. Cooper Group during the 2nd quarter worth about $29,000. Financial Management Professionals Inc. acquired a new stake in shares of Mr. Cooper Group in the 3rd quarter worth approximately $30,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of Mr. Cooper Group by 152.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after acquiring an additional 270 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on COOP. Wedbush reissued an “outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, October 24th. Barclays upped their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Compass Point lifted their target price on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $100.57.

Insider Buying and Selling

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total value of $2,927,400.00. Following the completion of the sale, the chief executive officer now owns 788,821 shares in the company, valued at $76,973,153.18. This represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.33% of the company’s stock.

Mr. Cooper Group Stock Up 1.6 %

COOP opened at $96.84 on Friday. The firm has a market cap of $6.20 billion, a PE ratio of 12.51 and a beta of 1.41. The business has a fifty day simple moving average of $95.31 and a 200-day simple moving average of $89.90. Mr. Cooper Group Inc. has a fifty-two week low of $61.38 and a fifty-two week high of $103.05.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, beating 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 analyst estimates of $548.09 million. During the same quarter last year, the company posted $2.79 EPS. Mr. Cooper Group’s revenue for the quarter was up 32.8% on a year-over-year basis. On average, equities research analysts anticipate that Mr. Cooper Group Inc. will post 10.16 EPS for the current fiscal 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.