Capital Fund Management S.A. Purchases Shares of 24,689 Mr. Cooper Group Inc $COOP

Key Points

• Capital Fund Management S.A. has acquired a new stake in Mr. Cooper Group Inc, purchasing 24,689 shares valued at approximately $2,953,000. This investment indicates growing institutional interest in the company.
• Institutional investors collectively own approximately 89.82% of Mr. Cooper Group's stock, reflecting a strong institutional backing.
• Mr. Cooper Group reported earnings of $3.13 per share for the last quarter, missing analysts' estimates, while also reporting an 8.6% year-over-year revenue increase.

Capital Fund Management S.A. acquired a new stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 24,689 shares of the company's stock, valued at approximately $2,953,000.

Other large investors also recently bought and sold shares of the company. Invesco Ltd. grew its position in shares of Mr. Cooper Group by 11.8% in the first quarter. Invesco Ltd. now owns 2,013,536 shares of the company's stock valued at $240,819,000 after purchasing an additional 213,167 shares in the last quarter. Assenagon Asset Management S.A. raised 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 in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Mr. Cooper Group by 16.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock worth $83,712,000 after purchasing an additional 125,897 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Mr. Cooper Group by 6.8% during the fourth quarter. Northern Trust Corp now owns 835,369 shares of the company's stock worth $80,204,000 after purchasing an additional 53,534 shares during the last quarter. Finally, Cercano Management LLC grew its holdings in shares of Mr. Cooper Group by 66.5% during the fourth quarter. Cercano Management LLC now owns 790,753 shares of the company's stock worth $75,920,000 after buying an additional 315,801 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company's stock.

Insider Activity

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Friday, August 1st. The shares were sold at an average price of $174.72, for a total value of $5,241,600.00. Following the completion of the sale, the chief executive officer owned 663,187 shares of the company's stock, valued at approximately $115,872,032.64. The trade was a 4.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.73% of the stock is owned by company insiders.

Mr. Cooper Group Price Performance

Shares of NASDAQ COOP traded down $2.69 during mid-day trading on Thursday, reaching $188.29. 787,434 shares of the company traded hands, compared to its average volume of 984,474. Mr. Cooper Group Inc has a fifty-two week low of $84.15 and a fifty-two week high of $203.42. The firm has a market cap of $12.05 billion, a PE ratio of 21.54 and a beta of 0.98. The stock has a fifty day simple moving average of $166.07 and a 200-day simple moving average of $134.61.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $608.00 million during the quarter, compared to analyst estimates of $669.23 million. During the same quarter last year, the firm posted $3.10 EPS. The company's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, analysts predict that Mr. Cooper Group Inc will post 13.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Jefferies Financial Group lifted their price objective on Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a report on Tuesday, July 22nd. Piper Sandler lifted 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. Barclays upped their target price on Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, UBS Group set a $176.00 price objective on Mr. Cooper Group in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $140.38.

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.