Informed Momentum Co LLC Acquires New Shares in Mr. Cooper Group Inc (NASDAQ:COOP)

Key Points

• Informed Momentum Co LLC invested approximately $4.66 million in Mr. Cooper Group Inc, acquiring 38,949 shares, making it the firm's 17th largest position.
• Mr. Cooper Group's stock recently saw a 1.6% increase, with a current market cap of approximately $11.54 billion and P/E ratio of 20.63.
• CEO Jesse K. Bray sold 30,000 shares of the company for over $5 million, reducing their ownership stake by 4.33%.

Informed Momentum Co LLC purchased a new stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 38,949 shares of the company's stock, valued at approximately $4,658,000. Mr. Cooper Group comprises approximately 0.8% of Informed Momentum Co LLC's holdings, making the stock its 17th largest position. Informed Momentum Co LLC owned about 0.06% of Mr. Cooper Group as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. purchased a new stake in shares of Mr. Cooper Group in the first quarter worth approximately $26,000. Allworth Financial LP raised its stake in shares of Mr. Cooper Group by 24.5% in the first quarter. Allworth Financial LP now owns 442 shares of the company's stock worth $51,000 after purchasing an additional 87 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of Mr. Cooper Group in the first quarter worth approximately $55,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Mr. Cooper Group in the fourth quarter worth approximately $70,000. Finally, Covestor Ltd increased its position in shares of Mr. Cooper Group by 418.9% during the fourth quarter. Covestor Ltd now owns 742 shares of the company's stock valued at $71,000 after acquiring an additional 599 shares during the last quarter. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Price Performance

NASDAQ:COOP traded down $2.33 during mid-day trading on Friday, reaching $191.27. 704,119 shares of the company's stock traded hands, compared to its average volume of 1,190,807. Mr. Cooper Group Inc has a 12-month low of $84.15 and a 12-month high of $203.42. The firm has a market capitalization of $12.24 billion, a price-to-earnings ratio of 21.88 and a beta of 0.98. The company has a 50 day moving average price of $158.21 and a 200-day moving average price of $129.91.

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 analysts' consensus estimates of $3.28 by ($0.15). Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%. The firm had revenue of $608.00 million for the quarter, compared to analysts' expectations of $669.23 million. During the same quarter last year, the company posted $3.10 EPS. The firm's revenue was up 8.6% on a year-over-year basis. As a group, analysts forecast that Mr. Cooper Group Inc will post 13.17 EPS for the current year.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction that occurred on 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 sale, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

COOP has been the subject of a number of recent research reports. UBS Group set a $176.00 target price on Mr. Cooper Group in a research report on Tuesday, August 5th. Barclays raised 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 raised their target price on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Finally, Jefferies Financial Group lifted their price objective on Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a research note on Tuesday, July 22nd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.