Mr. Cooper Group Inc (NASDAQ:COOP) Given Consensus Recommendation of “Hold” by Analysts

Shares of Mr. Cooper Group Inc (NASDAQ:COOP) have been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $17.00.

Several equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BTIG Research reissued a “buy” rating and set a $21.00 price objective on shares of Mr. Cooper Group in a research note on Sunday, August 4th. Finally, Wedbush upped their price objective on shares of Mr. Cooper Group from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd.

Shares of NASDAQ COOP traded up $0.01 on Friday, hitting $10.78. The company’s stock had a trading volume of 14,306 shares, compared to its average volume of 855,069. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 3.57. The stock has a 50 day moving average of $9.94 and a 200-day moving average of $8.83. Mr. Cooper Group has a 12-month low of $6.57 and a 12-month high of $16.53.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.96. The business had revenue of $399.00 million for the quarter, compared to the consensus estimate of $249.10 million. Mr. Cooper Group had a net margin of 38.88% and a return on equity of 52.72%. Equities analysts anticipate that Mr. Cooper Group will post 2.2 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in COOP. Dimensional Fund Advisors LP purchased a new position in shares of Mr. Cooper Group during the fourth quarter valued at approximately $12,531,000. Citadel Advisors LLC purchased a new position in Mr. Cooper Group during the second quarter worth approximately $5,690,000. Nomura Holdings Inc. raised its stake in Mr. Cooper Group by 285.3% during the second quarter. Nomura Holdings Inc. now owns 681,521 shares of the company’s stock worth $5,474,000 after purchasing an additional 504,655 shares during the period. Diamond Hill Capital Management Inc. raised its stake in Mr. Cooper Group by 6.1% during the second quarter. Diamond Hill Capital Management Inc. now owns 8,604,829 shares of the company’s stock worth $68,925,000 after purchasing an additional 498,309 shares during the period. Finally, Nuveen Asset Management LLC purchased a new position in Mr. Cooper Group during the second quarter worth approximately $2,657,000. 83.25% of the stock is currently owned by institutional investors and hedge funds.

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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