State of Tennessee Treasury Department lifted its stake in shares of Mr. Cooper Group Inc (NASDAQ:COOP) by 18.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,585 shares of the company’s stock after purchasing an additional 4,824 shares during the quarter. State of Tennessee Treasury Department’s holdings in Mr. Cooper Group were worth $325,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vista Private Wealth Partners. LLC acquired a new stake in shares of Mr. Cooper Group during the 3rd quarter worth $27,000. Patriot Financial Group Insurance Agency LLC boosted its stake in Mr. Cooper Group by 411.1% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 2,525 shares of the company’s stock valued at $27,000 after buying an additional 2,031 shares in the last quarter. Panagora Asset Management Inc. acquired a new stake in Mr. Cooper Group in the second quarter valued at about $31,000. Trexquant Investment LP acquired a new stake in Mr. Cooper Group in the second quarter valued at about $107,000. Finally, First Republic Investment Management Inc. acquired a new stake in Mr. Cooper Group in the second quarter valued at about $111,000. 80.11% of the stock is currently owned by institutional investors.
Mr. Cooper Group stock opened at $12.33 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 3.13. Mr. Cooper Group Inc has a 12 month low of $6.57 and a 12 month high of $15.68. The stock has a 50-day moving average price of $11.62 and a two-hundred day moving average price of $9.35.
Several analysts recently weighed in on COOP shares. BTIG Research reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Mr. Cooper Group in a research note on Sunday, August 4th. Barclays set a $14.00 price objective on Mr. Cooper Group and gave the company a “hold” rating in a research note on Friday, November 1st. Wedbush raised their price objective on Mr. Cooper Group from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Zacks Investment Research raised Mr. Cooper Group from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.75.
Mr. Cooper Group Company Profile
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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