Maverick Capital Ltd. Acquires 9,144 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Maverick Capital Ltd. increased its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 233.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,067 shares of the company’s stock after purchasing an additional 9,144 shares during the quarter. Maverick Capital Ltd.’s holdings in Mr. Cooper Group were worth $1,061,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. LSV Asset Management lifted its holdings in Mr. Cooper Group by 249.2% during the 2nd quarter. LSV Asset Management now owns 633,260 shares of the company’s stock worth $51,440,000 after buying an additional 451,926 shares during the period. Goldman Sachs Group Inc. boosted its holdings 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 valued at $43,209,000 after acquiring an additional 441,282 shares during the last quarter. Vanguard Group Inc. increased its position in Mr. Cooper Group by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 7,626,038 shares of the company’s stock valued at $496,608,000 after purchasing an additional 391,780 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Mr. Cooper Group by 984.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock worth $30,476,000 after purchasing an additional 354,905 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new position in Mr. Cooper Group during the 2nd quarter worth approximately $21,609,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Mr. Cooper Group Price Performance

Shares of COOP opened at $91.07 on Friday. Mr. Cooper Group Inc. has a one year low of $52.46 and a one year high of $96.00. The company has a market cap of $5.89 billion, a PE ratio of 9.54 and a beta of 1.41. The stock has a 50-day moving average of $90.04 and a 200-day moving average of $83.61.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.52 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $552.09 million. During the same quarter in the previous year, the company posted $1.66 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts expect that Mr. Cooper Group Inc. will post 9.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on COOP. Wedbush increased their price objective on shares of Mr. Cooper Group from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Piper Sandler lifted their price objective on Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a research report 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 objective on the stock. in a research note on Monday, July 22nd. Finally, Barclays raised their target price 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mr. Cooper Group currently has an average rating of “Moderate Buy” and a consensus price target of $95.57.

Mr. Cooper Group Company 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.