Mr. Cooper Group Inc. (NASDAQ:COOP) Stock Holdings Lifted by Lodge Hill Capital LLC

Lodge Hill Capital LLC raised its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 315.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 166,640 shares of the company's stock after acquiring an additional 126,540 shares during the period. Mr. Cooper Group makes up 4.4% of Lodge Hill Capital LLC's holdings, making the stock its 9th largest position. Lodge Hill Capital LLC owned 0.26% of Mr. Cooper Group worth $15,999,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB raised its position in Mr. Cooper Group by 9,175.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company's stock valued at $472,000 after buying an additional 4,863 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Mr. Cooper Group in the 4th quarter valued at $1,603,000. World Investment Advisors LLC acquired a new position in shares of Mr. Cooper Group during the 3rd quarter worth approximately $2,537,000. Spire Wealth Management bought a new stake in shares of Mr. Cooper Group during the 4th quarter valued at $1,480,000. Finally, JPMorgan Chase & Co. increased its stake in Mr. Cooper Group by 15.5% in the fourth quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock valued at $61,846,000 after acquiring an additional 86,510 shares during the last quarter. 89.82% of the stock is owned by institutional investors.

Mr. Cooper Group Stock Up 4.2 %

Shares of COOP stock traded up $4.49 during trading hours on Tuesday, hitting $111.75. 206,377 shares of the company's stock traded hands, compared to its average volume of 566,776. The stock's fifty day simple moving average is $110.77 and its two-hundred day simple moving average is $101.97. Mr. Cooper Group Inc. has a 12-month low of $76.85 and a 12-month high of $137.60. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 0.32 and a beta of 1.17.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. On average, equities analysts forecast that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the completion of the sale, the chief executive officer now owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. This represents a 4.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.33% of the company's stock.

Analyst Upgrades and Downgrades

COOP has been the topic of a number of recent research reports. Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their price target for the company from $125.00 to $143.00 in a research note on Friday, April 4th. Barclays increased their target price on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Citizens Jmp lowered shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods upped their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a report on Tuesday, April 8th. Finally, UBS Group boosted their target price on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Mr. Cooper Group currently has an average rating of "Moderate Buy" and an average price target of $126.00.

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.