Hantz Financial Services Inc. Sells 42,205 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Hantz Financial Services Inc. lowered its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 15.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 223,813 shares of the company’s stock after selling 42,205 shares during the period. Hantz Financial Services Inc. owned approximately 0.35% of Mr. Cooper Group worth $20,631,000 at the end of the most recent quarter.

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

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $88.41, for a total value of $2,652,300.00. Following the completion of the sale, the chief executive officer now owns 818,821 shares of the company’s stock, valued at approximately $72,391,964.61. This represents a 3.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on COOP. Compass Point boosted their price objective 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. Wedbush reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Finally, Barclays boosted their price objective 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. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.00.

Mr. Cooper Group Price Performance

COOP stock opened at $98.33 on Friday. Mr. Cooper Group Inc. has a one year low of $59.03 and a one year high of $103.05. The stock has a market cap of $6.29 billion, a PE ratio of 12.70 and a beta of 1.40. The firm has a 50 day simple moving average of $94.02 and a two-hundred day simple moving average of $88.80.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results 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 net margin of 25.87% and a return on equity of 13.77%. The business had revenue of $616.00 million during the quarter, compared to analysts’ expectations of $548.09 million. During the same quarter in the previous year, the company earned $2.79 EPS. The business’s quarterly revenue was up 32.8% compared to the same quarter last year. On average, research analysts expect 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.