Arcus Capital Partners LLC Makes New Investment in Mr. Cooper Group Inc (NASDAQ:COOP)

Arcus Capital Partners LLC purchased a new stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,850 shares of the company's stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS purchased a new stake in Mr. Cooper Group in the fourth quarter valued at approximately $1,603,000. Park Avenue Securities LLC purchased a new stake in Mr. Cooper Group in the first quarter valued at approximately $1,684,000. Assenagon Asset Management S.A. lifted its stake in Mr. Cooper Group by 13.9% in the first quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company's stock valued at $126,438,000 after buying an additional 129,414 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in Mr. Cooper Group in the fourth quarter valued at approximately $394,000. Finally, JPMorgan Chase & Co. lifted its stake in Mr. Cooper Group by 15.5% in the fourth quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock valued at $61,846,000 after buying an additional 86,510 shares during the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

Mr. Cooper Group Stock Performance

Shares of NASDAQ:COOP traded down $3.32 during midday trading on Thursday, reaching $145.73. The company had a trading volume of 118,253 shares, compared to its average volume of 719,676. Mr. Cooper Group Inc has a 1-year low of $79.24 and a 1-year high of $158.00. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 0.43 and a beta of 1.05. The company has a fifty day simple moving average of $135.91 and a two-hundred day simple moving average of $116.85.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, topping analysts' consensus estimates of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 15.27% and a net margin of 25.93%. The company had revenue of $560.00 million during the quarter, compared to the consensus estimate of $620.57 million. During the same period last year, the business earned $2.73 EPS. The business's quarterly revenue was down .7% on a year-over-year basis. Analysts expect that Mr. Cooper Group Inc will post 13.17 EPS for the current year.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $152.14, for a total value of $4,564,200.00. Following the transaction, the chief executive officer directly owned 693,187 shares of the company's stock, valued at approximately $105,461,470.18. This trade represents a 4.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

COOP has been the subject of several analyst reports. Barclays upped their price target on Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a research note on Tuesday. UBS Group increased their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. 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 research report on Tuesday, July 1st. Keefe, Bruyette & Woods increased their price objective 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. Finally, Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Mr. Cooper Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.57.

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.

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