Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by Lodge Hill Capital LLC

Lodge Hill Capital LLC lowered its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 63.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,100 shares of the company’s stock after selling 105,000 shares during the period. Mr. Cooper Group makes up approximately 1.3% of Lodge Hill Capital LLC’s portfolio, making the stock its 18th biggest holding. Lodge Hill Capital LLC owned about 0.09% of Mr. Cooper Group worth $4,882,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Blue Trust Inc. increased its position in Mr. Cooper Group by 77.1% during the 2nd quarter. Blue Trust Inc. now owns 333 shares of the company’s stock worth $26,000 after purchasing an additional 145 shares during the period. CWM LLC grew its holdings in Mr. Cooper Group by 34.5% during the second quarter. CWM LLC now owns 601 shares of the company’s stock worth $49,000 after acquiring an additional 154 shares during the period. GAMMA Investing LLC raised its position in Mr. Cooper Group by 20.6% in the first quarter. GAMMA Investing LLC now owns 1,085 shares of the company’s stock worth $85,000 after acquiring an additional 185 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Mr. Cooper Group by 2.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 10,521 shares of the company’s stock valued at $820,000 after acquiring an additional 203 shares during the period. Finally, QRG Capital Management Inc. boosted its position in shares of Mr. Cooper Group by 3.1% during the 2nd quarter. QRG Capital Management Inc. now owns 7,470 shares of the company’s stock worth $607,000 after purchasing an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Stock Down 1.8 %

NASDAQ COOP opened at $90.72 on Friday. Mr. Cooper Group Inc. has a fifty-two week low of $52.46 and a fifty-two week high of $96.00. The business has a fifty day moving average of $89.77 and a 200-day moving average of $82.96. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 9.50 and a beta of 1.41.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Thursday, July 25th. The company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.33 by $0.19. The company had revenue of $583.00 million for the quarter, compared to analyst estimates of $552.09 million. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.66 EPS. As a group, analysts anticipate that Mr. Cooper Group Inc. will post 9.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on COOP shares. Keefe, Bruyette & Woods cut shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price objective for the company. in a research note on Monday, July 22nd. Barclays lifted their price target on shares of Mr. Cooper Group from $94.00 to $103.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Wedbush raised their price objective on Mr. Cooper Group from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Piper Sandler lifted their price objective on Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Mr. Cooper Group has an average rating of “Moderate Buy” and an average target price of $95.57.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $80.93, for a total value of $2,023,250.00. Following the completion of the sale, the chief executive officer now directly owns 259,631 shares of the company’s stock, valued at approximately $21,011,936.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.33% of the company’s stock.

Mr. Cooper Group 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.