12,500 Shares in Mr. Cooper Group Inc $COOP Bought by DLD Asset Management LP

Key Points

• DLD Asset Management LP has acquired a new investment in Mr. Cooper Group Inc, purchasing 12,500 shares valued at approximately $1.50 million.
• Several institutional investors significantly increased their stakes in Mr. Cooper Group, with hedge funds collectively owning 89.82% of the company's stock.
• Despite missing earnings estimates with $3.13 EPS reported for the last quarter, Mr. Cooper Group has shown an 8.6% revenue increase year-over-year.

DLD Asset Management LP purchased a new stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,500 shares of the company's stock, valued at approximately $1,495,000.

A number of other institutional investors also recently bought and sold shares of COOP. 140 Summer Partners LP acquired a new stake in Mr. Cooper Group in the 4th quarter worth approximately $69,959,000. Cercano Management LLC boosted its stake in Mr. Cooper Group by 66.5% in the 4th quarter. Cercano Management LLC now owns 790,753 shares of the company's stock worth $75,920,000 after purchasing an additional 315,801 shares in the last quarter. GAMMA Investing LLC boosted its stake in Mr. Cooper Group by 14,148.0% in the 1st quarter. GAMMA Investing LLC now owns 311,319 shares of the company's stock worth $37,234,000 after purchasing an additional 309,134 shares in the last quarter. Invesco Ltd. boosted its stake in Mr. Cooper Group by 11.8% in the 1st quarter. Invesco Ltd. now owns 2,013,536 shares of the company's stock worth $240,819,000 after purchasing an additional 213,167 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Mr. Cooper Group in the 1st quarter worth approximately $24,037,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Mr. Cooper Group Stock Down 2.1%

Shares of NASDAQ:COOP traded down $4.1830 during trading on Monday, hitting $194.7970. 127,220 shares of the stock traded hands, compared to its average volume of 983,742. The company has a market cap of $12.47 billion, a price-to-earnings ratio of 22.42 and a beta of 0.98. The company has a fifty day moving average price of $163.10 and a two-hundred day moving average price of $133.20. Mr. Cooper Group Inc has a 52-week low of $84.15 and a 52-week high of $203.42.

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

Analyst Upgrades and Downgrades

COOP has been the subject of a number of recent analyst reports. Piper Sandler lifted their target price 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. Barclays lifted 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 note on Tuesday, July 8th. Jefferies Financial Group lifted 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 note on Tuesday, July 22nd. Finally, UBS Group set a $176.00 price objective on shares of Mr. Cooper Group in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $140.38.

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 that occurred on Friday, August 1st. The shares were sold at an average price of $174.72, for a total transaction of $5,241,600.00. Following the completion of the transaction, the chief executive officer directly owned 663,187 shares of the company's stock, valued at $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 available through the SEC website. 2.33% of the stock is currently owned by company insiders.

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.