Caxton Associates LLP Makes New $4.26 Million Investment in Mr. Cooper Group Inc $COOP

Key Points

• Caxton Associates LLP has made a new investment in Mr. Cooper Group Inc, purchasing 35,574 shares valued at approximately $4.26 million, representing about 0.06% of the company.
• CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group's stock for approximately $5.47 million, reducing his ownership by 4.52%.
• Mr. Cooper Group reported a net margin of 25.38% and a revenue decrease compared to analysts' expectations, with a quarterly revenue of $608 million against a consensus estimate of $669.23 million.

Caxton Associates LLP bought a new position in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,574 shares of the company's stock, valued at approximately $4,255,000. Caxton Associates LLP owned approximately 0.06% of Mr. Cooper Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. purchased a new stake in shares of Mr. Cooper Group in the 1st quarter valued at approximately $26,000. Allworth Financial LP lifted its position in Mr. Cooper Group by 24.5% in the 1st quarter. Allworth Financial LP now owns 442 shares of the company's stock worth $51,000 after buying an additional 87 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Mr. Cooper Group during the 1st quarter worth $55,000. SVB Wealth LLC acquired a new position in shares of Mr. Cooper Group during the 1st quarter worth $62,000. Finally, 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 worth $93,000 after purchasing an additional 134 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business'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 completion of the transaction, the chief executive officer directly owned 633,187 shares of the company's stock, valued at approximately $115,512,304.41. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 90,000 shares of company stock worth $15,278,700. Company insiders own 1.73% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Piper Sandler raised 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 report on Tuesday, July 1st. Jefferies Financial Group raised their price target on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the stock a "hold" rating in a research report on Tuesday, July 22nd. UBS Group set a $176.00 price target on shares of Mr. Cooper Group in a research report on Tuesday, August 5th. Finally, Barclays raised their price target 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. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $140.38.

Mr. Cooper Group Stock Performance

Shares of NASDAQ:COOP traded up $0.65 during midday trading on Friday, reaching $220.35. 504,969 shares of the company's stock were exchanged, compared to its average volume of 737,687. Mr. Cooper Group Inc has a 12 month low of $84.68 and a 12 month high of $234.73. The firm has a market capitalization of $14.10 billion, a PE ratio of 25.21 and a beta of 0.98. The company's 50 day simple moving average is $178.70 and its two-hundred day simple moving average is $142.47.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced 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 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 the consensus estimate of $669.23 million. During the same period in the prior year, the business earned $3.10 earnings per share. The company's revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Mr. Cooper Group Inc will post 13.17 earnings per share for the current year.

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.