Lodge Hill Capital LLC Cuts Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Lodge Hill Capital LLC reduced its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 63.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,100 shares of the company’s stock after selling 105,000 shares during the quarter. Mr. Cooper Group accounts for 1.3% of Lodge Hill Capital LLC’s portfolio, making the stock its 18th largest position. Lodge Hill Capital LLC’s holdings in Mr. Cooper Group were worth $4,882,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

COOP has been the topic of several analyst reports. Keefe, Bruyette & Woods downgraded Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a report on Monday, July 22nd. Piper Sandler lifted their price objective on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Barclays upped their target price on shares of Mr. Cooper Group from $94.00 to $103.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Wedbush raised their price target on shares of 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.57.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the company’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 transaction of $2,023,250.00. Following the sale, the chief executive officer now owns 259,631 shares in the company, valued at $21,011,936.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.33% of the company’s stock.

Mr. Cooper Group Trading Down 1.8 %

Mr. Cooper Group stock opened at $90.72 on Friday. The stock has a 50 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 P/E ratio of 9.50 and a beta of 1.41. Mr. Cooper Group Inc. has a 52 week low of $52.46 and a 52 week high of $96.00.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.19. The firm had revenue of $583.00 million for the quarter, compared to the consensus estimate 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 revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 EPS. As a group, equities analysts predict that Mr. Cooper Group Inc. will post 9.86 earnings per share for the current fiscal year.

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.