728,668 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Bought by 140 Summer Partners LP

140 Summer Partners LP bought a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 728,668 shares of the company's stock, valued at approximately $69,959,000. Mr. Cooper Group makes up approximately 8.4% of 140 Summer Partners LP's holdings, making the stock its 5th biggest holding. 140 Summer Partners LP owned 1.14% of Mr. Cooper Group as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its holdings in shares of Mr. Cooper Group by 198.0% in the 3rd quarter. Barclays PLC now owns 132,017 shares of the company's stock valued at $12,170,000 after purchasing an additional 87,712 shares in the last quarter. World Investment Advisors LLC acquired a new position in Mr. Cooper Group during the third quarter worth about $2,537,000. Tidal Investments LLC bought a new position in shares of Mr. Cooper Group in the third quarter worth about $2,459,000. Oliver Luxxe Assets LLC grew its stake in shares of Mr. Cooper Group by 5.8% during the fourth quarter. Oliver Luxxe Assets LLC now owns 41,535 shares of the company's stock worth $3,988,000 after buying an additional 2,259 shares during the last quarter. Finally, Range Financial Group LLC acquired a new position in Mr. Cooper Group in the 4th quarter worth about $1,091,000. Institutional investors own 89.82% of the company's stock.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the transaction, the chief executive officer now owns 698,821 shares in the company, valued at approximately $78,435,669.04. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.73% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised their price target on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research note on Tuesday, April 8th. Citizens Jmp downgraded Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Barclays increased their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. UBS Group lifted their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Finally, Piper Sandler downgraded shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their target price for the company from $125.00 to $143.00 in a research report on Friday, April 4th. Three 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.com, Mr. Cooper Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.14.

Mr. Cooper Group Stock Up 0.3 %

COOP stock traded up $0.34 during midday trading on Wednesday, reaching $117.41. 385,009 shares of the company's stock traded hands, compared to its average volume of 574,775. Mr. Cooper Group Inc. has a 52 week low of $78.20 and a 52 week high of $137.60. The company has a market cap of $7.51 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 0.32 and a beta of 1.06. The firm's fifty day moving average price is $112.39 and its 200-day moving average price is $103.60.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The company had revenue of $560.00 million for the quarter, compared to analyst estimates of $620.57 million. During the same quarter last year, the company earned $2.73 earnings per share. The company's revenue for the quarter was down .7% on a year-over-year basis. Analysts forecast that Mr. Cooper Group Inc. will post 13.17 earnings per share 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.