Caxton Associates LLP Makes New $4.26 Million Investment in Mr. Cooper Group Inc $COOP

Caxton Associates LLP purchased a new position in shares of Mr. Cooper Group Inc (NASDAQ:COOP) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 35,574 shares of the company’s stock, valued at approximately $4,255,000. Caxton Associates LLP owned approximately 0.06% of Mr. Cooper Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in COOP. First Horizon Advisors Inc. bought a new position in shares of Mr. Cooper Group in the first quarter valued at about $26,000. Allworth Financial LP boosted its position in Mr. Cooper Group by 24.5% during the 1st quarter. Allworth Financial LP now owns 442 shares of the company’s stock worth $51,000 after acquiring an additional 87 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Mr. Cooper Group during the 1st quarter worth approximately $55,000. SVB Wealth LLC bought a new stake in shares of Mr. Cooper Group during the 1st quarter worth approximately $62,000. Finally, CWM LLC raised its stake in shares of Mr. Cooper Group by 20.7% during the 1st quarter. CWM LLC now owns 781 shares of the company’s stock worth $93,000 after purchasing an additional 134 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $182.43, for a total transaction of $5,472,900.00. Following the completion of the transaction, the chief executive officer directly owned 633,187 shares in the company, valued at $115,512,304.41. The trade was a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 90,000 shares of company stock worth $15,278,700 in the last three months. 2.33% of the stock is owned by insiders.

Mr. Cooper Group Price Performance

Shares of NASDAQ COOP opened at $213.11 on Monday. Mr. Cooper Group Inc has a one year low of $84.15 and a one year high of $216.79. The stock has a market capitalization of $13.64 billion, a PE ratio of 24.38 and a beta of 0.97. The business’s fifty day moving average price is $172.07 and its 200-day moving average price is $139.17.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.15). Mr. Cooper Group had a net margin of 25.38% and a return on equity of 15.66%. The company had revenue of $608.00 million for the quarter, compared to the consensus estimate of $669.23 million. During the same quarter in the previous year, the firm posted $3.10 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Mr. Cooper Group Inc will post 13.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

COOP has been the topic of a number of research analyst reports. Piper Sandler increased their price target on Mr. Cooper Group from $143.00 to $158.00 and gave the company a “neutral” rating in a research note on Tuesday, July 1st. UBS Group set a $176.00 price objective on Mr. Cooper Group in a research note on Tuesday, August 5th. Jefferies Financial Group increased their target price on Mr. Cooper Group from $110.00 to $150.00 and gave the company a “hold” rating in a research report on Tuesday, July 22nd. Finally, Barclays raised their price objective on Mr. Cooper Group from $147.00 to $156.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $140.38.

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.