Lodge Hill Capital LLC Increases Stock Position in Mr. Cooper Group Inc $COOP

Lodge Hill Capital LLC boosted its position in shares of Mr. Cooper Group Inc (NASDAQ:COOP) by 27.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 213,000 shares of the company’s stock after purchasing an additional 46,360 shares during the period. Mr. Cooper Group makes up about 6.0% of Lodge Hill Capital LLC’s holdings, making the stock its 5th biggest holding. Lodge Hill Capital LLC’s holdings in Mr. Cooper Group were worth $25,475,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. State of Tennessee Department of Treasury increased its position in shares of Mr. Cooper Group by 5.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 17,203 shares of the company’s stock valued at $1,652,000 after acquiring an additional 832 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Mr. Cooper Group by 24.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 3,779 shares of the company’s stock worth $363,000 after purchasing an additional 742 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Mr. Cooper Group in the fourth quarter worth $1,584,000. Northern Trust Corp lifted its holdings in shares of Mr. Cooper Group by 6.8% during the fourth quarter. Northern Trust Corp now owns 835,369 shares of the company’s stock valued at $80,204,000 after purchasing an additional 53,534 shares in the last quarter. Finally, Lido Advisors LLC boosted its position in shares of Mr. Cooper Group by 28.0% during the fourth quarter. Lido Advisors LLC now owns 3,247 shares of the company’s stock valued at $312,000 after buying an additional 711 shares during the last quarter. 89.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $174.72, for a total value of $5,241,600.00. Following the completion of the transaction, the chief executive officer directly owned 663,187 shares in the company, valued at $115,872,032.64. This represents a 4.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.73% of the company’s stock.

Mr. Cooper Group Price Performance

Shares of NASDAQ:COOP opened at $190.98 on Thursday. The company has a market capitalization of $12.22 billion, a P/E ratio of 21.85 and a beta of 0.98. Mr. Cooper Group Inc has a 1-year low of $84.15 and a 1-year high of $203.42. The firm’s 50 day simple moving average is $166.07 and its two-hundred day simple moving average is $134.61.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Wednesday, July 23rd. The company reported $3.13 earnings per share 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 firm had revenue of $608.00 million for the quarter, compared to analysts’ expectations of $669.23 million. During the same quarter last year, the firm posted $3.10 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.