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

Aristeia Capital L.L.C. raised its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 4.2% during 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 L.L.C.’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 1st 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 grew 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 acquired a new position in Mr. Cooper Group during the fourth quarter worth about $47,104,000. Goldman Sachs Group Inc. raised 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 acquiring an additional 441,282 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in Mr. Cooper Group by 249.2% in the 2nd 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 stock.

Mr. Cooper Group Stock Performance

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. has a 52 week low of $52.46 and a 52 week high of $96.00. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 9.48 and a beta of 1.41.

Mr. Cooper Group (NASDAQ:COOP) 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 firm’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 earnings per share. Equities analysts forecast that Mr. Cooper Group Inc. will post 9.86 earnings per share for the current fiscal year.

Insider Transactions 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 document filed with the SEC, which is available at this link. Company insiders own 2.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on COOP shares. Piper Sandler lifted 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 lowered shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target on the stock. in a research report on Monday, July 22nd. Wedbush upped 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 raised 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 currently has an average rating of “Moderate Buy” and an average target price of $95.57.

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.