Mr. Cooper Group Inc $COOP Shares Acquired by Lodge Hill Capital LLC

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 boosted its position in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 27.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 213,000 shares of the company's stock after purchasing an additional 46,360 shares during the quarter. Mr. Cooper Group comprises 6.0% of Lodge Hill Capital LLC's holdings, making the stock its 5th biggest position. Lodge Hill Capital LLC owned approximately 0.33% of Mr. Cooper Group worth $25,475,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC bought a new stake in Mr. Cooper Group in the 1st quarter valued at about $1,684,000. Natixis Advisors LLC lifted its position in Mr. Cooper Group by 9.6% in the 1st quarter. Natixis Advisors LLC now owns 23,956 shares of the company's stock valued at $2,865,000 after purchasing an additional 2,093 shares during the last quarter. Independent Advisor Alliance bought a new stake in Mr. Cooper Group in the 1st quarter valued at about $229,000. Assenagon Asset Management S.A. lifted its position in Mr. Cooper Group by 13.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company's stock valued at $126,438,000 after purchasing an additional 129,414 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in Mr. Cooper Group during the 4th quarter valued at about $394,000. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Stock Down 3.3%

Shares of Mr. Cooper Group stock traded down $6.30 during trading on Tuesday, hitting $182.23. The stock had a trading volume of 164,393 shares, compared to its average volume of 978,469. The stock has a 50 day simple moving average of $168.46 and a 200 day simple moving average of $136.69. The company has a market capitalization of $11.66 billion, a PE ratio of 20.85 and a beta of 0.97. 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 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 during the quarter, compared to analysts' expectations of $669.23 million. Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%.The business's revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $3.10 earnings per share. As a group, equities analysts expect that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on COOP. Barclays raised their target price on shares of 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 target price 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. Piper Sandler raised their target price on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Finally, UBS Group set a $176.00 target price on shares of Mr. Cooper Group in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $140.38.

Insider Activity at Mr. Cooper Group

In related 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 sale, the chief executive officer directly owned 663,187 shares in the company, valued at approximately $115,872,032.64. This trade represents a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.33% 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.