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

De Lisle Partners LLP bought a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 12,000 shares of the company's stock, valued at approximately $1,106,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in Mr. Cooper Group by 11.1% in the third quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company's stock valued at $114,988,000 after purchasing an additional 125,055 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Mr. Cooper Group by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company's stock valued at $84,471,000 after buying an additional 52,001 shares during the period. LSV Asset Management lifted its position 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 acquiring an additional 451,926 shares in the last quarter. FMR LLC lifted its position in Mr. Cooper Group by 42.9% during the 3rd quarter. FMR LLC now owns 485,907 shares of the company's stock worth $44,791,000 after acquiring an additional 145,767 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Mr. Cooper Group by 984.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company's stock worth $30,476,000 after acquiring an additional 354,905 shares during the period. 89.82% of the stock is owned by hedge funds and other institutional investors.

Mr. Cooper Group Stock Up 0.0 %

Shares of COOP traded up $0.04 during midday trading on Thursday, hitting $98.33. The company had a trading volume of 322,888 shares, compared to its average volume of 502,669. The company's 50 day moving average price is $94.02 and its 200 day moving average price is $88.80. Mr. Cooper Group Inc. has a 52 week low of $59.03 and a 52 week high of $103.05. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 12.70 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $616.00 million during the quarter, compared to the consensus estimate of $548.09 million. During the same period in the previous year, the business earned $2.79 EPS. The business's quarterly revenue was up 32.8% on a year-over-year basis. Equities analysts anticipate that Mr. Cooper Group Inc. will post 10.16 EPS for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the completion of the sale, the chief executive officer now owns 818,821 shares of the company's stock, valued at $72,391,964.61. This represents a 3.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.33% of the stock is owned by insiders.

Analysts Set New Price Targets

COOP has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Compass Point lifted their price target on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Wedbush reiterated an "outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $98.00.

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.