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

Other large investors also recently modified their holdings of the company. Credit Agricole S A grew its holdings in shares of Mr. Cooper Group by 68.7% during the 1st quarter. Credit Agricole S A now owns 23,942 shares of the company's stock worth $2,863,000 after purchasing an additional 9,750 shares during the period. Quantbot Technologies LP purchased a new position in shares of Mr. Cooper Group in the 1st quarter valued at $625,000. Freestone Capital Holdings LLC boosted its position in Mr. Cooper Group by 14.1% during the 1st quarter. Freestone Capital Holdings LLC now owns 2,731 shares of the company's stock worth $327,000 after purchasing an additional 337 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Mr. Cooper Group during the 1st quarter worth $1,091,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Mr. Cooper Group by 7.8% during the first quarter. Russell Investments Group Ltd. now owns 36,293 shares of the company's stock worth $4,341,000 after purchasing an additional 2,613 shares in the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on COOP. UBS Group set a $176.00 target price on Mr. Cooper Group in a report on Tuesday, August 5th. Barclays upped their target price on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Piper Sandler lifted their price target on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Finally, Jefferies Financial Group upped their price objective 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 stock. According to MarketBeat, Mr. Cooper Group has an average rating of "Hold" and a consensus target price of $140.38.

Insider Activity

In related 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 transaction of $5,241,600.00. Following the transaction, the chief executive officer directly owned 663,187 shares in the company, valued at $115,872,032.64. This trade represents a 4.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.73% of the company's stock.

Mr. Cooper Group Stock Performance

Shares of COOP stock traded up $0.24 during trading hours on Friday, hitting $188.53. 814,668 shares of the company were exchanged, compared to its average volume of 920,758. The stock has a market capitalization of $12.06 billion, a price-to-earnings ratio of 21.57 and a beta of 0.98. Mr. Cooper Group Inc has a one year low of $84.15 and a one year high of $203.42. The business's 50-day simple moving average is $167.73 and its two-hundred day simple moving average is $135.94.

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 net margin of 25.38% and a return on equity of 15.66%. The firm had revenue of $608.00 million for the quarter, compared to analyst estimates of $669.23 million. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.10 EPS. As a group, analysts anticipate that Mr. Cooper Group Inc will post 13.17 EPS for the current fiscal year.

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.