LSV Asset Management Has $65.82 Million Stock Holdings in Mr. Cooper Group Inc (NASDAQ:COOP)

Key Points

• LSV Asset Management reduced its stake in Mr. Cooper Group by 10.8%, selling 66,700 shares and owning approximately $65.8 million worth of stock by the end of the first quarter.
• Wall Street analysts have varying ratings for Mr. Cooper Group, with price targets ranging from $143.00 to $158.00 and a consensus rating of "Hold."
• CEO Jesse K. Bray sold 30,000 shares at an average price of $152.14, decreasing his position by 4.15%, leaving him with around 693,187 shares.

LSV Asset Management cut its holdings in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 10.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 550,360 shares of the company's stock after selling 66,700 shares during the quarter. LSV Asset Management owned about 0.86% of Mr. Cooper Group worth $65,823,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of COOP. First Horizon Advisors Inc. bought a new stake in shares of Mr. Cooper Group during the first quarter valued at approximately $26,000. Allworth Financial LP boosted its holdings in Mr. Cooper Group by 24.5% in the first quarter. Allworth Financial LP now owns 442 shares of the company's stock valued at $51,000 after acquiring an additional 87 shares during the last quarter. USA Financial Formulas bought a new position in Mr. Cooper Group in the first quarter valued at about $55,000. Kapitalo Investimentos Ltda acquired a new position in Mr. Cooper Group in the fourth quarter valued at about $70,000. Finally, Covestor Ltd lifted its stake in Mr. Cooper Group by 418.9% in the fourth quarter. Covestor Ltd now owns 742 shares of the company's stock valued at $71,000 after buying an additional 599 shares during the period. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on COOP. Jefferies Financial Group raised their price target on 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 raised their price target 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. UBS Group set a $176.00 price target on Mr. Cooper Group in a research report on Tuesday. Finally, Barclays increased their price objective on Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $140.38.

Mr. Cooper Group Stock Down 1.3%

Shares of NASDAQ COOP traded down $2.47 during midday trading on Thursday, hitting $188.30. 92,220 shares of the company's stock were exchanged, compared to its average volume of 1,001,328. Mr. Cooper Group Inc has a 12 month low of $83.80 and a 12 month high of $193.86. The company's 50 day moving average price is $150.06 and its 200 day moving average price is $125.81. The firm has a market capitalization of $12.05 billion, a PE ratio of 21.51 and a beta of 0.98.

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 firm had revenue of $608.00 million for the quarter, compared to analyst estimates 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 for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.10 earnings per share. On average, equities research analysts anticipate that Mr. Cooper Group Inc will post 13.17 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Friday, August 1st. The stock was 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 of the company's stock, valued at approximately $115,872,032.64. This trade represents a 4.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.73% of the company's stock.

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.