Mr. Cooper Group Inc $COOP Position Raised by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its holdings in Mr. Cooper Group Inc by 115.4%, acquiring an additional 2,410 shares in the first quarter, bringing their total to 4,499 shares valued at $538,000.
• CEO Jesse K. Bray sold 30,000 shares of the company's stock for approximately $5.47 million, which reduced his holdings by 4.52%.
• Mr. Cooper Group's shares are currently trading at $213.11, with a market cap of $13.64 billion and a slight earnings miss in their last quarterly report.

Vident Advisory LLC lifted its stake in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 115.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,499 shares of the company's stock after buying an additional 2,410 shares during the quarter. Vident Advisory LLC's holdings in Mr. Cooper Group were worth $538,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allworth Financial LP grew its position 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 in the last quarter. Sage Rhino Capital LLC grew its holdings in Mr. Cooper Group by 4.7% during the 1st quarter. Sage Rhino Capital LLC now owns 2,187 shares of the company's stock valued at $262,000 after purchasing an additional 98 shares in the last quarter. Penbrook Management LLC grew its holdings in Mr. Cooper Group by 0.6% during the 1st quarter. Penbrook Management LLC now owns 15,825 shares of the company's stock valued at $1,893,000 after purchasing an additional 100 shares in the last quarter. CWM LLC increased its stake in Mr. Cooper Group by 20.7% during the 1st quarter. CWM LLC now owns 781 shares of the company's stock worth $93,000 after buying an additional 134 shares during the period. Finally, MorganRosel Wealth Management LLC lifted its holdings in Mr. Cooper Group by 1.2% in the 1st quarter. MorganRosel Wealth Management LLC now owns 13,544 shares of the company's stock worth $1,620,000 after buying an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Stock Performance

Shares of NASDAQ COOP traded up $2.73 during trading on Wednesday, reaching $218.02. The stock had a trading volume of 987,558 shares, compared to its average volume of 974,924. The stock has a market cap of $13.95 billion, a PE ratio of 24.95 and a beta of 0.97. Mr. Cooper Group Inc has a one year low of $84.15 and a one year high of $231.52. The firm's 50 day moving average price is $174.65 and its two-hundred day moving average price is $140.42.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 EPS 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 business had revenue of $608.00 million during the quarter, compared to analyst estimates of $669.23 million. During the same period in the prior year, the firm earned $3.10 EPS. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts expect that Mr. Cooper Group Inc will post 13.17 earnings per share for the current year.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $182.43, for a total transaction of $5,472,900.00. Following the completion of the sale, the chief executive officer owned 633,187 shares of the company's stock, valued at $115,512,304.41. This represents a 4.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 90,000 shares of company stock valued at $15,278,700. Insiders own 2.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on COOP shares. Jefferies Financial Group raised their target price 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. UBS Group set a $176.00 price target on Mr. Cooper Group in a report on Tuesday, August 5th. Barclays lifted 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. Finally, Piper Sandler upped their target price 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. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.