Vident Advisory LLC Purchases 2,410 Shares of Mr. Cooper Group Inc $COOP

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% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,499 shares of the company's stock after acquiring an additional 2,410 shares during the quarter. Vident Advisory LLC's holdings in Mr. Cooper Group were worth $538,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in COOP. Mercer Global Advisors Inc. ADV raised its holdings in shares of Mr. Cooper Group by 13.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,462 shares of the company's stock valued at $908,000 after acquiring an additional 1,140 shares during the period. Centiva Capital LP acquired a new stake in shares of Mr. Cooper Group during the fourth quarter valued at approximately $335,000. Cetera Investment Advisers raised its holdings in shares of Mr. Cooper Group by 57.4% during the fourth quarter. Cetera Investment Advisers now owns 13,031 shares of the company's stock valued at $1,251,000 after acquiring an additional 4,750 shares during the period. EP Wealth Advisors LLC raised its holdings in shares of Mr. Cooper Group by 27.7% during the fourth quarter. EP Wealth Advisors LLC now owns 2,985 shares of the company's stock valued at $287,000 after acquiring an additional 648 shares during the period. Finally, Focus Partners Wealth acquired a new stake in shares of Mr. Cooper Group during the fourth quarter valued at approximately $339,000. Institutional investors and hedge funds own 89.82% of the company's stock.

Mr. Cooper Group Stock Up 0.3%

COOP stock traded up $0.65 during trading hours on Friday, hitting $220.35. The company's stock had a trading volume of 504,969 shares, compared to its average volume of 737,687. The company has a market capitalization of $14.10 billion, a PE ratio of 25.21 and a beta of 0.98. Mr. Cooper Group Inc has a 12 month low of $84.68 and a 12 month high of $234.73. The stock has a 50 day moving average price of $178.70 and a two-hundred day moving average price of $142.47.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.15). The business had revenue of $608.00 million during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $3.10 earnings per share. Sell-side analysts expect that Mr. Cooper Group Inc will post 13.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on COOP shares. Jefferies Financial Group boosted their price target on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a report on Tuesday, July 22nd. UBS Group set a $176.00 price objective on shares of Mr. Cooper Group in a research report on Tuesday, August 5th. Barclays boosted their price objective on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Piper Sandler boosted their price objective on shares of 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 given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $140.38.

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 that occurred on Tuesday, September 2nd. The shares were sold at an average price of $182.43, for a total value of $5,472,900.00. Following the completion of the sale, the chief executive officer directly owned 633,187 shares of the company's stock, valued at $115,512,304.41. The trade was a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 90,000 shares of company stock valued at $15,278,700 over the last ninety days. 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.