Informed Momentum Co LLC bought a new stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 38,949 shares of the company's stock, valued at approximately $4,658,000. Mr. Cooper Group accounts for about 0.8% of Informed Momentum Co LLC's holdings, making the stock its 17th biggest holding. Informed Momentum Co LLC owned about 0.06% of Mr. Cooper Group at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in COOP. 140 Summer Partners LP bought a new stake in shares of Mr. Cooper Group during the 4th quarter valued at approximately $69,959,000. Cercano Management LLC boosted its position in Mr. Cooper Group by 66.5% during the 4th quarter. Cercano Management LLC now owns 790,753 shares of the company's stock worth $75,920,000 after buying an additional 315,801 shares during the period. GAMMA Investing LLC boosted its position in Mr. Cooper Group by 14,148.0% during the 1st quarter. GAMMA Investing LLC now owns 311,319 shares of the company's stock worth $37,234,000 after buying an additional 309,134 shares during the period. Invesco Ltd. boosted its position in Mr. Cooper Group by 11.8% during the 1st quarter. Invesco Ltd. now owns 2,013,536 shares of the company's stock worth $240,819,000 after buying an additional 213,167 shares during the period. Finally, Nuveen LLC acquired a new stake in Mr. Cooper Group during the 1st quarter worth approximately $24,037,000. 89.82% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
COOP has been the topic of several recent research reports. Jefferies Financial Group lifted their target price 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. Barclays boosted 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. Piper Sandler boosted 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. Finally, UBS Group set a $176.00 price target on shares of Mr. Cooper Group in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Mr. Cooper Group presently has a consensus rating of "Hold" and an average target price of $140.38.
Read Our Latest Stock Analysis on COOP
Mr. Cooper Group Price Performance
Shares of NASDAQ:COOP traded down $9.26 during mid-day trading on Thursday, hitting $193.60. The company had a trading volume of 823,541 shares, compared to its average volume of 1,001,587. The firm has a fifty day moving average price of $155.78 and a 200 day moving average price of $128.72. The company has a market capitalization of $12.39 billion, a PE ratio of 22.15 and a beta of 0.98. Mr. Cooper Group Inc has a one year low of $84.15 and a one year high of $203.42.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings data 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.10 EPS. Research analysts expect that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 663,187 shares in the company, valued at approximately $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 can be accessed through the SEC website. Company insiders own 1.73% of the company's stock.
About Mr. Cooper Group
(
Free Report)
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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