Caitong International Asset Management Co. Ltd Buys Shares of 9,118 Mr. Cooper Group Inc (NASDAQ:COOP)

Key Points

• Caitong International Asset Management Co. Ltd has made a new investment of approximately $1.09 million in Mr. Cooper Group Inc, purchasing 9,118 shares, which represents 0.8% of its investment portfolio.
• Institutional investors collectively own 89.82% of Mr. Cooper Group's stock, with notable increases from several firms during the fourth quarter.
• Mr. Cooper Group's recent earnings report revealed a miss on consensus estimates, reporting $3.13 earnings per share compared to the expected $3.28, despite an 8.6% increase in revenue year-over-year.

Caitong International Asset Management Co. Ltd bought a new stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,118 shares of the company's stock, valued at approximately $1,091,000. Mr. Cooper Group accounts for approximately 0.8% of Caitong International Asset Management Co. Ltd's portfolio, making the stock its 14th biggest position.

A number of other institutional investors have also modified their holdings of the business. Allworth Financial LP raised its stake in Mr. Cooper Group by 24.5% in the 1st quarter. Allworth Financial LP now owns 442 shares of the company's stock valued at $51,000 after purchasing an additional 87 shares during the last quarter. Sage Rhino Capital LLC increased its stake in shares of Mr. Cooper Group by 4.7% during the 1st quarter. Sage Rhino Capital LLC now owns 2,187 shares of the company's stock valued at $262,000 after acquiring an additional 98 shares during the last quarter. Penbrook Management LLC increased its stake in shares of Mr. Cooper Group by 0.6% during the 1st quarter. Penbrook Management LLC now owns 15,825 shares of the company's stock valued at $1,893,000 after acquiring an additional 100 shares during the last quarter. CWM LLC increased its stake in shares of 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 acquiring an additional 134 shares during the last quarter. Finally, MorganRosel Wealth Management LLC increased its stake in shares of Mr. Cooper Group by 1.2% during the 1st quarter. MorganRosel Wealth Management LLC now owns 13,544 shares of the company's stock valued at $1,620,000 after acquiring an additional 154 shares during the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

Mr. Cooper Group Price Performance

COOP traded down $2.33 during trading hours on Friday, hitting $191.27. 704,119 shares of the stock were exchanged, compared to its average volume of 1,190,807. The stock has a 50-day simple moving average of $158.21 and a 200-day simple moving average of $130.08. Mr. Cooper Group Inc has a 12 month low of $84.15 and a 12 month high of $203.42. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of 21.88 and a beta of 0.98.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 last year, the business earned $3.10 earnings per share. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts expect that Mr. Cooper Group Inc will post 13.17 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on COOP shares. Piper Sandler upped their price objective on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Barclays increased their target price 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. UBS Group set a $176.00 target price on shares of Mr. Cooper Group in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group upped their price target on Mr. Cooper Group from $110.00 to $150.00 and gave the stock a "hold" rating in a report on Tuesday, July 22nd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $140.38.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $174.72, for a total value of $5,241,600.00. Following the sale, the chief executive officer directly owned 663,187 shares in the company, valued at approximately $115,872,032.64. This trade represents a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.73% of the company's stock.

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.