140 Summer Partners LP Makes New $69.96 Million Investment in Mr. Cooper Group Inc. (NASDAQ:COOP)

140 Summer Partners LP purchased a new position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 728,668 shares of the company's stock, valued at approximately $69,959,000. Mr. Cooper Group comprises 8.4% of 140 Summer Partners LP's investment portfolio, making the stock its 5th largest position. 140 Summer Partners LP owned about 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. Picton Mahoney Asset Management grew its position in Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after buying an additional 95 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $48,000. ORG Partners LLC bought a new stake in shares of Mr. Cooper Group during the fourth quarter valued at approximately $51,000. Kapitalo Investimentos Ltda acquired a new position in shares of Mr. Cooper Group in the fourth quarter valued at $70,000. Finally, Covestor Ltd raised its stake in shares of Mr. Cooper Group by 418.9% in the fourth quarter. Covestor Ltd now owns 742 shares of the company's stock valued at $71,000 after purchasing an additional 599 shares in the last quarter. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Trading Up 0.8 %

Shares of COOP traded up $0.98 during mid-day trading on Friday, hitting $120.58. 753,284 shares of the company traded hands, compared to its average volume of 574,827. The business has a 50-day moving average of $112.15 and a 200 day moving average of $103.35. Mr. Cooper Group Inc. has a one year low of $78.20 and a one year high of $137.60. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 0.32 and a beta of 1.06.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $560.00 million during the quarter, compared to analysts' expectations of $620.57 million. During the same period in the previous year, the business posted $2.73 EPS. The company's quarterly revenue was down .7% compared to the same quarter last year. As a group, analysts anticipate that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Analysts Set New Price Targets

COOP has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their target price on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research report on Tuesday, April 8th. UBS Group boosted their price target on Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price objective for the stock from $125.00 to $143.00 in a research note on Friday, April 4th. Barclays upped their target price on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Finally, Citizens Jmp downgraded shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $131.14.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $112.24, for a total value of $3,367,200.00. Following the transaction, the chief executive officer now owns 698,821 shares of the company's stock, 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 SEC, which can be accessed through the SEC website. 1.73% of the stock is currently owned by company insiders.

Mr. Cooper Group Company 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.