40,000 Shares in Mr. Cooper Group Inc $COOP Bought by Slotnik Capital LLC

Key Points

• Slotnik Capital LLC acquired 40,000 shares of Mr. Cooper Group Inc for approximately $4.78 million, making it the fund's 10th largest holding.
• The company's latest earnings report indicated an EPS of $3.13, missing estimates of $3.28, with revenues of $608 million compared to forecasted $669.23 million.
• After recent insider activity, including the sale of 30,000 shares by CEO Jesse K. Bray, insiders now hold about 2.33% of the company's stock.

Slotnik Capital LLC acquired a new stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 40,000 shares of the company's stock, valued at approximately $4,784,000. Mr. Cooper Group accounts for about 2.3% of Slotnik Capital LLC's investment portfolio, making the stock its 10th biggest holding. Slotnik Capital LLC owned about 0.06% of Mr. Cooper Group as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of COOP. Park Avenue Securities LLC acquired a new stake in shares of Mr. Cooper Group during the first quarter worth $1,684,000. Natixis Advisors LLC boosted its stake in Mr. Cooper Group by 9.6% in the 1st quarter. Natixis Advisors LLC now owns 23,956 shares of the company's stock worth $2,865,000 after purchasing an additional 2,093 shares during the period. Independent Advisor Alliance bought a new position in Mr. Cooper Group during the 1st quarter worth about $229,000. Assenagon Asset Management S.A. raised its stake in shares of Mr. Cooper Group by 13.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company's stock valued at $126,438,000 after purchasing an additional 129,414 shares during the period. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Mr. Cooper Group in the fourth quarter valued at about $394,000. 89.82% of the stock is owned by institutional investors.

Mr. Cooper Group Price Performance

NASDAQ:COOP opened at $215.08 on Tuesday. The company has a market cap of $13.76 billion, a P/E ratio of 24.61 and a beta of 0.97. The firm's fifty day moving average price is $173.39 and its two-hundred day moving average price is $139.90. Mr. Cooper Group Inc has a one year low of $84.15 and a one year high of $216.79.

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

Insider Activity

In related news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $182.43, for a total value of $5,472,900.00. Following the transaction, the chief executive officer directly owned 633,187 shares in the company, valued at approximately $115,512,304.41. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 90,000 shares of company stock valued at $15,278,700 over the last three months. Insiders own 2.33% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on COOP shares. Piper Sandler increased their price objective on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. UBS Group set a $176.00 price target on shares of Mr. Cooper Group in a research note on Tuesday, August 5th. Barclays boosted their price objective on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Finally, Jefferies Financial Group raised their target price on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a research report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $140.38.

About Mr. Cooper Group

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.

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