Public Employees Retirement System of Ohio Has $1.96 Million Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Public Employees Retirement System of Ohio lessened its position in Mr. Cooper Group Inc. (NASDAQ:COOP) by 17.2% during the third quarter, Holdings Channel reports. The institutional investor owned 21,306 shares of the company’s stock after selling 4,411 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Mr. Cooper Group were worth $1,964,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of COOP. Financial Management Professionals Inc. bought a new stake in Mr. Cooper Group during the third quarter worth $30,000. Blue Trust Inc. increased its stake in shares of Mr. Cooper Group by 77.1% during 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 last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Mr. Cooper Group by 8,275.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company’s stock valued at $27,000 after purchasing an additional 331 shares during the period. Quarry LP acquired a new stake in Mr. Cooper Group in the 2nd quarter valued at about $29,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in Mr. Cooper Group by 152.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock worth $41,000 after purchasing an additional 270 shares during the period. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Trading Down 4.2 %

NASDAQ:COOP opened at $94.34 on Thursday. The stock has a 50 day simple moving average of $95.57 and a 200 day simple moving average of $90.25. The stock has a market cap of $6.04 billion, a P/E ratio of 12.19 and a beta of 1.41. Mr. Cooper Group Inc. has a 1-year low of $61.38 and a 1-year high of $103.05.

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 company had revenue of $616.00 million during the quarter, compared to the consensus estimate of $548.09 million. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. During the same quarter last year, the firm earned $2.79 earnings per share. The company’s revenue was up 32.8% on a year-over-year basis. As a group, sell-side analysts forecast that Mr. Cooper Group Inc. will post 10.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on COOP shares. Barclays upped their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Compass Point raised their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Wedbush reiterated an “outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group 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 company’s stock. According to data from MarketBeat, Mr. Cooper Group presently has an average rating of “Moderate Buy” and a consensus target price of $100.57.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.33% of the company’s stock.

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.