Waterfall Asset Management LLC Buys Shares of 9,955 Mr. Cooper Group Inc. (NASDAQ:COOP)

Waterfall Asset Management LLC bought a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,955 shares of the company’s stock, valued at approximately $809,000. Mr. Cooper Group makes up 0.6% of Waterfall Asset Management LLC’s investment portfolio, making the stock its 19th biggest holding.

A number of other large investors have also recently modified their holdings of COOP. Norges Bank acquired a new stake in shares of Mr. Cooper Group in the 4th quarter valued at $47,104,000. Quest Partners LLC acquired a new stake in shares of Mr. Cooper Group in the 4th quarter valued at $61,000. Assetmark Inc. boosted its holdings in shares of Mr. Cooper Group by 3.2% in the 4th quarter. Assetmark Inc. now owns 9,736 shares of the company’s stock valued at $634,000 after purchasing an additional 299 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Mr. Cooper Group by 53.8% in the 4th quarter. Franklin Resources Inc. now owns 31,169 shares of the company’s stock valued at $2,030,000 after purchasing an additional 10,900 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Mr. Cooper Group by 1,252.0% in the 4th quarter. US Bancorp DE now owns 11,735 shares of the company’s stock valued at $764,000 after purchasing an additional 10,867 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $80.93, for a total value of $2,023,250.00. Following the completion of the transaction, 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 SEC, which is accessible through this hyperlink. 2.33% of the stock is owned by corporate insiders.

Mr. Cooper Group Stock Down 1.8 %

Shares of NASDAQ:COOP opened at $90.72 on Friday. The firm has a market cap of $5.87 billion, a P/E ratio of 9.50 and a beta of 1.41. Mr. Cooper Group Inc. has a 12-month low of $52.46 and a 12-month high of $96.00. The business has a fifty day simple moving average of $89.77 and a 200 day simple moving average of $83.04.

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

Analysts Set New Price Targets

COOP has been the topic of several recent research reports. Barclays raised their price objective on Mr. Cooper Group from $94.00 to $103.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods downgraded Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price objective on the stock. in a report on Monday, July 22nd. Piper Sandler raised their price objective on Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, Wedbush raised their price objective on Mr. Cooper Group from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.57.

About Mr. Cooper Group

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.