EMG Holdings L.P. Grows Holdings in Mr. Cooper Group Inc $COOP

Key Points

• EMG Holdings L.P. increased its stake in Mr. Cooper Group Inc by 10.7%, owning 96,896 shares worth approximately $11.59 million, making it the second largest holding in their portfolio.
• Mr. Cooper Group's recent quarterly earnings report showed earnings per share of $3.13, falling short of the estimated $3.28, with revenue of $608 million against an expectation of $669.23 million.
• Institutional investors hold 89.82% of Mr. Cooper Group's stock, indicating strong institutional confidence, while recent analyst ratings suggest a mix of "Buy" and "Hold" ratings.

EMG Holdings L.P. raised its stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 10.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 96,896 shares of the company's stock after buying an additional 9,384 shares during the quarter. Mr. Cooper Group comprises approximately 5.6% of EMG Holdings L.P.'s investment portfolio, making the stock its 2nd biggest holding. EMG Holdings L.P. owned 0.15% of Mr. Cooper Group worth $11,589,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Park Avenue Securities LLC acquired a new position in Mr. Cooper Group during the first quarter worth $1,684,000. Natixis Advisors LLC lifted its position in Mr. Cooper Group by 9.6% during the first quarter. Natixis Advisors LLC now owns 23,956 shares of the company's stock worth $2,865,000 after purchasing an additional 2,093 shares during the period. Assenagon Asset Management S.A. lifted its position in Mr. Cooper Group by 13.9% during the first quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company's stock worth $126,438,000 after purchasing an additional 129,414 shares during the period. Jefferies Financial Group Inc. bought a new stake in Mr. Cooper Group during the fourth quarter worth about $394,000. Finally, Arcus Capital Partners LLC bought a new position in shares of Mr. Cooper Group in the first quarter worth about $221,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $174.72, for a total value of $5,241,600.00. Following the transaction, the chief executive officer owned 663,187 shares of the company's stock, valued at $115,872,032.64. This trade represents a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.33% of the stock is owned by company insiders.

Mr. Cooper Group Price Performance

NASDAQ:COOP opened at $198.98 on Monday. The business has a 50 day moving average of $163.10 and a 200 day moving average of $133.20. The company has a market capitalization of $12.73 billion, a price-to-earnings ratio of 22.77 and a beta of 0.98. Mr. Cooper Group Inc has a 1-year low of $84.15 and a 1-year high of $203.42.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly 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 company had revenue of $608.00 million during 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 business's revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.10 EPS. As a group, sell-side analysts anticipate that Mr. Cooper Group Inc will post 13.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays upped their price objective 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. Jefferies Financial Group raised their price objective 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. Piper Sandler increased their target price on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Finally, UBS Group set a $176.00 price objective on Mr. Cooper Group in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target 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.

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