Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Acquired by Aristeia Capital LLC

Aristeia Capital LLC raised its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP – Free Report) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,197 shares of the company’s stock after buying an additional 169 shares during the period. Aristeia Capital LLC’s holdings in Mr. Cooper Group were worth $341,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of COOP. Vanguard Group Inc. raised its stake in shares of Mr. Cooper Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 7,668,898 shares of the company’s stock worth $597,791,000 after buying an additional 42,860 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Mr. Cooper Group by 1.5% during the fourth quarter. Wellington Management Group LLP now owns 1,714,900 shares of the company’s stock worth $111,674,000 after acquiring an additional 25,351 shares during the period. Norges Bank purchased a new position in Mr. Cooper Group during the fourth quarter valued at approximately $47,104,000. Goldman Sachs Group Inc. grew its position in 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 purchasing an additional 441,282 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in Mr. Cooper Group by 249.2% in the second quarter. LSV Asset Management now owns 633,260 shares of the company’s stock valued at $51,440,000 after acquiring an additional 451,926 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company’s shares.

Mr. Cooper Group’s stock performance

Shares of Mr. Cooper Group stock opened at $90.51 on Wednesday. The company has a 50-day moving average price of $89.90 and a 200-day moving average price of $83.39. Mr. Cooper Group Inc. it has a 52-week low of $52.46 and a 52-week high of $96.00. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 9.48 and a beta of 1.41.

Mr. Cooper Group (NASDAQ:COOP – Get Free Report ) last posted its quarterly earnings results on Thursday, July 25th. The company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 33.22% and a return on equity of 14.10%. The company’s revenue was up 3.4% compared to the same quarter last year. In the same period last year, the company earned $1.66 per share. Stock analysts estimate that Mr. Cooper Group Inc. will post 9.86 earnings per share for the current fiscal year.

Insider Trading at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 259,631 shares of the company’s stock, valued at approximately $21,011,936.83. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.33% of the company’s shares.

Analysts on Wall Street are forecasting an increase

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

Check out our latest research report on Mr. Cooper Group

Mr. Cooper Group profile

(Free Report)

Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank provider of residential mortgage loans in the United States. The company operates through the Service and Originations segments. The Servicing segment performs activities on behalf of investors or owners of underlying mortgages and mortgage servicing rights, including the collection and payment of borrower payments, investor reporting, customer service, loan modifications, foreclosures, foreclosures and the sale of owned real estate.

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