De Lisle Partners LLP Buys Shares of 12,000 Mr. Cooper Group Inc. (NASDAQ:COOP)

De Lisle Partners LLP acquired a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,000 shares of the company’s stock, valued at approximately $1,106,000.

Other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Mr. Cooper Group by 984.4% during the first 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 in the last quarter. Los Angeles Capital Management LLC raised its stake in Mr. Cooper Group by 50.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 32,592 shares of the company’s stock worth $3,004,000 after acquiring an additional 10,964 shares in the last quarter. Waterfall Asset Management LLC acquired a new stake in shares of Mr. Cooper Group during the second quarter worth about $809,000. Advisors Asset Management Inc. purchased a new stake in Mr. Cooper Group in the first quarter valued at approximately $476,000. Finally, Sanctuary Advisors LLC acquired a new stake in Mr. Cooper Group during the 2nd quarter worth $626,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Mr. Cooper Group Price Performance

Shares of COOP stock opened at $98.33 on Thursday. The firm’s 50-day simple moving average is $93.92 and its 200-day simple moving average is $88.74. Mr. Cooper Group Inc. has a 1-year low of $59.03 and a 1-year high of $103.05. The firm has a market cap of $6.29 billion, a P/E ratio of 12.70 and a beta of 1.40.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, October 24th. Barclays lifted their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, Compass Point increased their price target 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. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $88.41, for a total value of $2,652,300.00. Following the transaction, the chief executive officer now owns 818,821 shares in the company, valued at approximately $72,391,964.61. This trade represents a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.33% of the stock is owned by insiders.

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.