Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Purchased by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. boosted its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 4.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,197 shares of the company’s stock after purchasing an additional 169 shares during the period. Aristeia Capital L.L.C.’s holdings in Mr. Cooper Group were worth $341,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Mr. Cooper Group during the 4th quarter worth about $47,104,000. LSV Asset Management grew its stake in Mr. Cooper Group by 249.2% during the second quarter. LSV Asset Management now owns 633,260 shares of the company’s stock worth $51,440,000 after buying an additional 451,926 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Mr. Cooper Group by 198.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 663,530 shares of the company’s stock worth $43,209,000 after acquiring an additional 441,282 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Mr. Cooper Group by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 7,626,038 shares of the company’s stock valued at $496,608,000 after acquiring an additional 391,780 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Mr. Cooper Group by 984.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock valued at $30,476,000 after acquiring an additional 354,905 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Price Performance

COOP opened at $90.51 on Wednesday. Mr. Cooper Group Inc. has a 12-month low of $52.46 and a 12-month high of $96.00. The stock has a market capitalization of $5.84 billion, a PE ratio of 9.48 and a beta of 1.41. The firm’s fifty day moving average price is $89.90 and its 200 day moving average price is $83.39.

Mr. Cooper Group (NASDAQ:COOP) last issued 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. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. The business had revenue of $583.00 million for the quarter, compared to analyst estimates of $552.09 million. During the same quarter in the prior year, the business posted $1.66 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities research analysts forecast that Mr. Cooper Group Inc. will post 9.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Piper Sandler increased their price target on Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods lowered Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 target price for the company. in a research note on Monday, July 22nd. Barclays raised their target price on Mr. Cooper Group from $94.00 to $103.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, Wedbush upped their price target on Mr. Cooper Group from $100.00 to $115.00 and gave the stock 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 company. According to MarketBeat, Mr. Cooper Group has a consensus rating of “Moderate Buy” and a consensus price target of $95.57.

Insider Activity

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 259,631 shares in the company, valued at approximately $21,011,936.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.33% of the company’s stock.

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.