Susquehanna Fundamental Investments LLC Purchases New Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Susquehanna Fundamental Investments LLC bought a new position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 16,500 shares of the company's stock, valued at approximately $1,584,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of Mr. Cooper Group in the 4th quarter worth $72,984,000. Veridan Wealth LLC purchased a new position in Mr. Cooper Group in the fourth quarter valued at about $56,244,000. Wellington Management Group LLP raised its holdings in Mr. Cooper Group by 43.1% in the fourth quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock worth $109,346,000 after purchasing an additional 343,243 shares in the last quarter. Lodge Hill Capital LLC lifted its position in shares of Mr. Cooper Group by 315.6% during the fourth quarter. Lodge Hill Capital LLC now owns 166,640 shares of the company's stock valued at $15,999,000 after buying an additional 126,540 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings 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 valued at $83,712,000 after buying an additional 125,897 shares in the last quarter. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Trading Down 1.3 %

COOP traded down $1.51 during trading hours on Tuesday, hitting $116.03. 88,210 shares of the company's stock were exchanged, compared to its average volume of 572,895. Mr. Cooper Group Inc. has a 12-month low of $78.20 and a 12-month high of $137.60. The firm has a market cap of $7.42 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06. The firm has a 50 day moving average of $112.28 and a 200 day moving average of $103.51.

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

Analysts Set New Price Targets

COOP has been the topic of several recent analyst reports. JMP Securities restated a "market outperform" rating and set a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Piper Sandler downgraded shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price target for the stock from $125.00 to $143.00 in a report on Friday, April 4th. Keefe, Bruyette & Woods upped their target price on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 8th. UBS Group lifted their target price on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Finally, Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $131.14.

Insider Activity

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 Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the transaction, the chief executive officer now owns 698,821 shares in the company, valued at $78,435,669.04. The trade was a 4.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company 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.