Lodge Hill Capital LLC Raises Stock Position in Mr. Cooper Group Inc $COOP

Key Points

• Lodge Hill Capital LLC increased its stake in Mr. Cooper Group by 27.8%, owning 213,000 shares valued at approximately $25.5 million, making it the firm's 5th largest investment.
• Mr. Cooper Group reported quarterly earnings of $3.13 EPS, missing estimates of $3.28, with revenues of $608 million compared to expectations of $669.23 million.
• Analysts have set a consensus rating of "Hold" for Mr. Cooper Group, with an average price target of $140.38, while some price targets have been raised to as high as $176.00.

Lodge Hill Capital LLC grew its stake in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 27.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 213,000 shares of the company's stock after buying an additional 46,360 shares during the quarter. Mr. Cooper Group accounts for 6.0% of Lodge Hill Capital LLC's investment portfolio, making the stock its 5th biggest position. Lodge Hill Capital LLC owned 0.33% of Mr. Cooper Group worth $25,475,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COOP. Park Avenue Securities LLC purchased a new stake in Mr. Cooper Group during the first quarter valued at about $1,684,000. Natixis Advisors LLC raised its holdings in shares of Mr. Cooper Group by 9.6% during the 1st quarter. Natixis Advisors LLC now owns 23,956 shares of the company's stock valued at $2,865,000 after buying an additional 2,093 shares in the last quarter. Independent Advisor Alliance bought a new stake in Mr. Cooper Group in the 1st quarter worth approximately $229,000. Assenagon Asset Management S.A. boosted its stake in Mr. Cooper Group by 13.9% in the first quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company's stock worth $126,438,000 after buying an additional 129,414 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Mr. Cooper Group during the fourth quarter valued at approximately $394,000. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Mr. Cooper Group Stock Performance

COOP opened at $190.98 on Thursday. The stock has a market capitalization of $12.22 billion, a PE ratio of 21.85 and a beta of 0.98. The stock's 50 day moving average price is $166.07 and its 200-day moving average price is $134.61. 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 issued its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing the consensus estimate 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 company had revenue of $608.00 million during the quarter, compared to the consensus estimate of $669.23 million. During the same quarter last year, the company posted $3.10 earnings per share. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts forecast that Mr. Cooper Group Inc will post 13.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

COOP has been the subject of a number of research reports. UBS Group set a $176.00 price objective on shares of Mr. Cooper Group in a research note on Tuesday, August 5th. Barclays raised their price target 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 boosted their price objective on Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Finally, Jefferies Financial Group raised their target price 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. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $140.38.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm's 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 owned 663,187 shares of the company's stock, valued at approximately $115,872,032.64. This trade represents a 4.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.73% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.