Mr. Cooper Group Inc (NASDAQ:COOP) Stake Lifted by California Public Employees Retirement System

California Public Employees Retirement System boosted its stake in Mr. Cooper Group Inc (NASDAQ:COOP) by 67.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 39,133 shares of the company’s stock after purchasing an additional 15,778 shares during the period. California Public Employees Retirement System’s holdings in Mr. Cooper Group were worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Virginia Retirement Systems ET AL boosted its holdings in shares of Mr. Cooper Group by 71.4% during the second quarter. Virginia Retirement Systems ET AL now owns 170,900 shares of the company’s stock valued at $1,369,000 after acquiring an additional 71,200 shares during the period. First Trust Advisors LP bought a new stake in Mr. Cooper Group in the 2nd quarter valued at about $345,000. Aperio Group LLC bought a new stake in Mr. Cooper Group in the 2nd quarter valued at about $159,000. Diamond Hill Capital Management Inc. lifted its position in Mr. Cooper Group by 6.1% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 8,604,829 shares of the company’s stock valued at $68,925,000 after purchasing an additional 498,309 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Mr. Cooper Group by 15.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,907 shares of the company’s stock valued at $164,000 after purchasing an additional 2,753 shares during the period. 81.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Mr. Cooper Group stock opened at $13.11 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 3.13. Mr. Cooper Group Inc has a 1-year low of $6.57 and a 1-year high of $15.68. The business’s fifty day moving average price is $12.57 and its two-hundred day moving average price is $9.74.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.44. Mr. Cooper Group had a positive return on equity of 8.81% and a negative net margin of 21.46%. The company had revenue of $618.00 million during the quarter, compared to analysts’ expectations of $594.15 million. On average, analysts predict that Mr. Cooper Group Inc will post 3.45 EPS for the current fiscal year.

Several research analysts have commented on the stock. Barclays set a $14.00 target price on shares of Mr. Cooper Group and gave the stock a “hold” rating in a research report on Friday, November 1st. Zacks Investment Research raised Mr. Cooper Group from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.75.

About Mr. Cooper Group

Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. The company operates through three segments: Servicing, Originations, and Xome. The Servicing segment performs activities for originated and purchased loans, as well as operates as a subservicer for various clients that own the underlying servicing rights.

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Institutional Ownership by Quarter for Mr. Cooper Group (NASDAQ:COOP)

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