MR. COOPER GROUP INC (NASDAQ:COOP) Shares Acquired by De Lisle Partners LLP

Key Points

• De Lisle Partners LLP has increased its stake in Mr. Cooper Group Inc by 103.3% in Q1, holding 30,500 shares valued at approximately $3.65 million.
• CEO Jesse K. Bray sold 30,000 shares for about $4.56 million, decreasing his ownership by 4.15%.
• Mr. Cooper Group reported Q2 earnings of $3.13 per share, missing estimates and generating $608 million in revenue against expectations of $669 million.

De Lisle Partners LLP boosted its position in MR. COOPER GROUP INC (NASDAQ:COOP - Free Report) by 103.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 30,500 shares of the company's stock after acquiring an additional 15,500 shares during the period. De Lisle Partners LLP's holdings in MR. COOPER GROUP were worth $3,647,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of COOP. Park Avenue Securities LLC bought a new position in shares of MR. COOPER GROUP in the first quarter worth about $1,684,000. Assenagon Asset Management S.A. increased its position in MR. COOPER GROUP by 13.9% during the 1st 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. Jefferies Financial Group Inc. purchased a new stake in MR. COOPER GROUP during the 4th quarter valued at about $394,000. Arcus Capital Partners LLC purchased a new stake in shares of MR. COOPER GROUP in the first quarter worth about $221,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of MR. COOPER GROUP by 15.5% in the fourth quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock worth $61,846,000 after buying an additional 86,510 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.

Insider Buying and Selling at MR. COOPER GROUP

In other news, CEO Jesse K. Bray sold 30,000 shares of MR. COOPER GROUP stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $152.14, for a total transaction of $4,564,200.00. Following the completion of the sale, the chief executive officer directly owned 693,187 shares in the company, valued at approximately $105,461,470.18. This trade represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.33% of the company's stock.

MR. COOPER GROUP Price Performance

COOP stock traded up $1.39 during midday trading on Tuesday, reaching $159.71. The company had a trading volume of 691,785 shares, compared to its average volume of 1,125,963. The company has a market capitalization of $10.22 billion, a P/E ratio of 18.27 and a beta of 1.05. MR. COOPER GROUP INC has a 1 year low of $80.35 and a 1 year high of $178.89. The firm has a 50-day moving average price of $144.71 and a 200-day moving average price of $122.86.

MR. COOPER GROUP (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing analysts' consensus estimates of $3.28 by ($0.15). The firm had revenue of $608.00 million for the quarter, compared to the consensus estimate of $669.23 million. MR. COOPER GROUP had a net margin of 25.38% and a return on equity of 15.66%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.10 earnings per share. On average, equities analysts predict that MR. COOPER GROUP INC will post 13.17 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on COOP shares. Keefe, Bruyette & Woods raised their target price on MR. COOPER GROUP from $115.00 to $143.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 8th. Barclays lifted their target price on MR. COOPER GROUP from $147.00 to $156.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Piper Sandler upped their price target on MR. COOPER GROUP from $143.00 to $158.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Jefferies Financial Group upped their price objective on shares of MR. COOPER GROUP from $110.00 to $150.00 and gave the stock a "hold" rating in a report on Tuesday, July 22nd. Finally, UBS Group reissued a "neutral" rating and issued a $156.00 target price on shares of MR. COOPER GROUP in a report on Tuesday, July 15th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $137.88.

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.