Jim Cramer Had These 21 Stocks on His Radar

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16. Mr. Cooper Group Inc. (NASDAQ:COOP)

Number of Hedge Fund Holders: 43

When a caller asked if Cramer would sell Mr. Cooper Group Inc. (NASDAQ:COOP) stock, he commented, “You take your profit right now. That thing’s done. Mr. Cooper is done.”

Mr. Cooper Group (NASDAQ:COOP) is a non-bank mortgage company that services residential loans and originates new ones through direct and correspondent channels. The company also offers related services under brands like Mr. Cooper, Xome, and Rushmore Servicing. Diamond Hill Capital stated the following regarding Mr. Cooper Group Inc. (NASDAQ:COOP) in its Q1 2025 investor letter:

“On an individual holdings basis, among our top contributors in Q1 were Mr. Cooper Group Inc. (NASDAQ:COOP) and UGI Corporation. Mortgage servicing company Mr. Cooper Group executed well during a particularly challenging mortgage environment as interest rates have remained high relative to historical levels. Importantly, Mr. Cooper’s business model is specifically designed to help protect it from just such periods: As rates go up, the value of its mortgage-servicing rights business goes up, giving it the ability to continue generating healthy cash flows even as the mortgage industry overall may slow. Shares were additionally boosted by the announcement on the final day of the quarter that the company will be acquired by Rocket Companies in an all-stock deal projected to close in the fourth quarter of this year.”

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