Moody Aldrich Partners LLC Sells 1,594 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Moody Aldrich Partners LLC reduced its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 1.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 80,169 shares of the company’s stock after selling 1,594 shares during the quarter. Mr. Cooper Group accounts for about 1.3% of Moody Aldrich Partners LLC’s investment portfolio, making the stock its 18th biggest holding. Moody Aldrich Partners LLC owned 0.12% of Mr. Cooper Group worth $7,390,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Blue Trust Inc. boosted its position 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 buying an additional 145 shares during the last quarter. CWM LLC grew its stake 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 acquiring an additional 154 shares during the period. Aristeia Capital L.L.C. grew its stake in shares of 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 worth $341,000 after acquiring an additional 169 shares during the period. Truist Financial Corp raised its holdings in shares of Mr. Cooper Group by 1.6% during the second quarter. Truist Financial Corp now owns 11,840 shares of the company’s stock valued at $962,000 after purchasing an additional 187 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in Mr. Cooper Group by 2.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 10,521 shares of the company’s stock valued at $820,000 after purchasing an additional 203 shares during the period. 89.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. 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. Wedbush raised their target price on Mr. Cooper Group from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods downgraded Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target for the company. in a research note on Monday, July 22nd. Finally, Piper Sandler increased their price objective on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Mr. Cooper Group has a consensus rating of “Moderate Buy” and an average price target of $96.29.

Mr. Cooper Group Price Performance

Shares of COOP stock traded up $0.57 during trading hours on Thursday, reaching $87.94. 129,041 shares of the company traded hands, compared to its average volume of 441,272. The firm has a 50-day moving average price of $92.05 and a 200 day moving average price of $85.87. The company has a market cap of $5.67 billion, a P/E ratio of 8.26 and a beta of 1.40. Mr. Cooper Group Inc. has a 12-month low of $52.73 and a 12-month high of $97.35.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Thursday, July 25th. The company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.19. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. The company had revenue of $583.00 million during the quarter, compared to analyst estimates of $552.09 million. During the same period in the prior year, the firm posted $1.66 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. Sell-side analysts predict that Mr. Cooper Group Inc. will post 9.98 EPS for the current 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.