Y Intercept Hong Kong Ltd Makes New $1.37 Million Investment in Mr. Cooper Group Inc (NASDAQ:COOP)

Y Intercept Hong Kong Ltd acquired a new position in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 11,449 shares of the company's stock, valued at approximately $1,369,000.

A number of other hedge funds have also bought and sold shares of the business. Allworth Financial LP grew its stake in shares of Mr. Cooper Group by 24.5% in the first quarter. Allworth Financial LP now owns 442 shares of the company's stock worth $51,000 after acquiring an additional 87 shares during the period. Sage Rhino Capital LLC boosted its holdings in Mr. Cooper Group by 4.7% in the first quarter. Sage Rhino Capital LLC now owns 2,187 shares of the company's stock worth $262,000 after purchasing an additional 98 shares during the last quarter. Penbrook Management LLC grew its position in Mr. Cooper Group by 0.6% in the 1st quarter. Penbrook Management LLC now owns 15,825 shares of the company's stock worth $1,893,000 after purchasing an additional 100 shares during the period. Commonwealth Equity Services LLC grew its position in Mr. Cooper Group by 2.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock worth $479,000 after purchasing an additional 128 shares during the period. Finally, CWM LLC raised its stake in Mr. Cooper Group by 20.7% during the 1st quarter. CWM LLC now owns 781 shares of the company's stock valued at $93,000 after buying an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $152.14, for a total transaction of $4,564,200.00. Following the sale, the chief executive officer directly owned 693,187 shares in the company, valued at $105,461,470.18. This trade represents a 4.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.73% of the stock is currently owned by company insiders.

Mr. Cooper Group Price Performance

Shares of COOP stock traded up $0.75 during trading hours on Friday, reaching $157.13. 517,300 shares of the company traded hands, compared to its average volume of 1,607,850. The firm has a 50-day moving average price of $143.57 and a 200 day moving average price of $121.94. The company has a market cap of $10.05 billion, a P/E ratio of 17.98, a P/E/G ratio of 0.47 and a beta of 1.05. Mr. Cooper Group Inc has a 12-month low of $80.35 and a 12-month high of $178.89.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing analysts' consensus estimates of $3.28 by ($0.15). Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%. The firm had revenue of $608.00 million for the quarter, compared to the consensus estimate of $669.23 million. During the same quarter in the previous year, the business posted $3.10 EPS. Mr. Cooper Group's revenue was up 8.6% on a year-over-year basis. Sell-side analysts predict that Mr. Cooper Group Inc will post 13.17 EPS for the current year.

Wall Street Analysts Forecast Growth

COOP has been the topic of a number of research reports. Jefferies Financial Group raised their price target on Mr. Cooper Group from $110.00 to $150.00 and gave the stock a "hold" rating in a research note on Tuesday, July 22nd. Piper Sandler increased their target price on Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Keefe, Bruyette & Woods boosted their price target on 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. Barclays upped their price target on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, UBS Group reissued a "neutral" rating and issued a $156.00 price objective on shares of Mr. Cooper Group in a report on Tuesday, July 15th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Mr. Cooper Group currently has an average rating of "Hold" and a consensus price target of $137.88.

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.