Waterfall Asset Management LLC Takes $809,000 Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Waterfall Asset Management LLC bought a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 9,955 shares of the company’s stock, valued at approximately $809,000. Mr. Cooper Group accounts for 0.6% of Waterfall Asset Management LLC’s holdings, making the stock its 19th largest holding.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Mr. Cooper Group by 77.1% in the 2nd quarter. Blue Trust Inc. now owns 333 shares of the company’s stock valued at $26,000 after buying an additional 145 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Mr. Cooper Group by 8,275.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company’s stock valued at $27,000 after buying an additional 331 shares during the period. CWM LLC grew its stake in shares of Mr. Cooper Group by 34.5% in the 2nd quarter. CWM LLC now owns 601 shares of the company’s stock valued at $49,000 after buying an additional 154 shares during the period. Quest Partners LLC acquired a new stake in shares of Mr. Cooper Group in the 4th quarter valued at about $61,000. Finally, Perkins Coie Trust Co acquired a new stake in shares of Mr. Cooper Group in the 2nd quarter valued at about $81,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Mr. Cooper Group Stock Down 1.8 %

Shares of NASDAQ COOP opened at $90.72 on Friday. Mr. Cooper Group Inc. has a twelve month low of $52.46 and a twelve month high of $96.00. The stock’s 50 day moving average price is $89.77 and its 200-day moving average price is $83.04. The company has a market capitalization of $5.87 billion, a PE ratio of 9.50 and a beta of 1.41.

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

Analyst Ratings Changes

Several analysts have recently commented on COOP shares. Wedbush raised their target price on Mr. Cooper Group from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Barclays lifted their price target on Mr. Cooper Group from $94.00 to $103.00 and gave the company an “overweight” rating in a research note 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 target for the company. in a research note on Monday, July 22nd. Finally, Piper Sandler lifted their price target on Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Two investment 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 has an average rating of “Moderate Buy” and a consensus target price of $95.57.

Insider Transactions at Mr. Cooper Group

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

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.