Susquehanna Fundamental Investments LLC Makes New $1.58 Million Investment in Mr. Cooper Group Inc. (NASDAQ:COOP)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,500 shares of the company's stock, valued at approximately $1,584,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Invesco Ltd. increased its holdings in shares of Mr. Cooper Group by 5.2% in the 4th quarter. Invesco Ltd. now owns 1,800,369 shares of the company's stock valued at $172,853,000 after acquiring an additional 89,544 shares during the period. Wellington Management Group LLP lifted its position in shares of Mr. Cooper Group by 43.1% during the fourth quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock valued at $109,346,000 after buying an additional 343,243 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Mr. Cooper Group by 16.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock worth $83,712,000 after buying an additional 125,897 shares during the last quarter. Norges Bank purchased a new stake in Mr. Cooper Group during the fourth quarter valued at approximately $72,984,000. Finally, JPMorgan Chase & Co. boosted its stake in Mr. Cooper Group by 15.5% in the fourth quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock valued at $61,846,000 after acquiring an additional 86,510 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Stock Down 2.3 %

Shares of COOP stock traded down $2.75 on Monday, hitting $117.83. The company had a trading volume of 293,990 shares, compared to its average volume of 853,284. The firm has a market cap of $7.54 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06. Mr. Cooper Group Inc. has a twelve month low of $78.20 and a twelve month high of $137.60. The company has a 50-day moving average price of $112.15 and a 200-day moving average price of $103.35.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, topping analysts' consensus estimates of $2.81 by $0.16. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. The business had revenue of $560.00 million for the quarter, compared to analysts' expectations of $620.57 million. During the same quarter last year, the company earned $2.73 EPS. The business's revenue was down .7% on a year-over-year basis. Equities research analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on COOP. Keefe, Bruyette & Woods upped their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. JMP Securities restated a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Piper Sandler lowered shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price objective for the company from $125.00 to $143.00 in a research report on Friday, April 4th. Barclays upped their price target on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Finally, Citizens Jmp downgraded shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $131.14.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the transaction, the chief executive officer now directly owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. This trade represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.73% of the stock is currently owned by company insiders.

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.