Tidal Investments LLC Acquires New Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Tidal Investments LLC acquired a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,678 shares of the company’s stock, valued at approximately $2,459,000.

Other large investors also recently bought and sold shares of the company. LSV Asset Management raised its position in shares of Mr. Cooper Group by 249.2% during 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 in the last quarter. Hantz Financial Services Inc. bought a new stake in Mr. Cooper Group during the second quarter valued at $21,609,000. FMR LLC raised its holdings in shares of Mr. Cooper Group by 42.9% during the third quarter. FMR LLC now owns 485,907 shares of the company’s stock worth $44,791,000 after purchasing an additional 145,767 shares during the period. Basswood Capital Management L.L.C. raised its holdings in shares of Mr. Cooper Group by 36.6% during the third quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company’s stock worth $45,744,000 after purchasing an additional 132,970 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Mr. Cooper Group by 11.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company’s stock worth $114,988,000 after buying an additional 125,055 shares during the last quarter. Institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Trading Up 1.6 %

Shares of NASDAQ:COOP opened at $96.84 on Monday. The firm’s 50 day moving average is $95.31 and its two-hundred day moving average is $90.01. The firm has a market capitalization of $6.20 billion, a P/E ratio of 12.51 and a beta of 1.41. Mr. Cooper Group Inc. has a 52 week low of $61.38 and a 52 week high of $103.05.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The firm had revenue of $616.00 million for the quarter, compared to analysts’ expectations of $548.09 million. During the same period last year, the firm earned $2.79 EPS. The firm’s revenue was up 32.8% compared to the same quarter last year. Analysts predict that Mr. Cooper Group Inc. will post 10.16 EPS for the current year.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total value of $2,927,400.00. Following the completion of the sale, the chief executive officer now directly owns 788,821 shares in the company, valued at approximately $76,973,153.18. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Compass Point boosted their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Wedbush reaffirmed an “outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, October 24th. Finally, Barclays raised their price target on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $100.57.

About Mr. Cooper Group

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.