Tidal Investments LLC Invests $2.46 Million in Mr. Cooper Group Inc. (NASDAQ:COOP)

Tidal Investments LLC purchased a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 26,678 shares of the company's stock, valued at approximately $2,459,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COOP. LSV Asset Management boosted its holdings in Mr. Cooper Group by 249.2% during the second quarter. LSV Asset Management now owns 633,260 shares of the company's stock worth $51,440,000 after buying an additional 451,926 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in Mr. Cooper Group during the 2nd quarter valued at about $21,609,000. FMR LLC grew its holdings in Mr. Cooper Group by 42.9% during the 3rd quarter. FMR LLC now owns 485,907 shares of the company's stock valued at $44,791,000 after buying an additional 145,767 shares during the last quarter. Basswood Capital Management L.L.C. raised its holdings in shares of Mr. Cooper Group by 36.6% in the third quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company's stock worth $45,744,000 after acquiring an additional 132,970 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of 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 acquiring an additional 125,055 shares in the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on COOP shares. Barclays raised their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Wedbush reiterated an "outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Finally, Compass Point lifted their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $100.57.

Mr. Cooper Group Trading Up 1.4 %

NASDAQ:COOP traded up $1.39 on Monday, hitting $98.23. 599,477 shares of the stock were exchanged, compared to its average volume of 446,238. The stock has a fifty day moving average of $95.45 and a 200-day moving average of $90.12. The stock has a market cap of $6.28 billion, a PE ratio of 12.69 and a beta of 1.41. Mr. Cooper Group Inc. has a fifty-two week low of $61.38 and a fifty-two week high of $103.05.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly 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 net margin of 25.87% and a return on equity of 13.77%. The firm had revenue of $616.00 million for the quarter, compared to analyst estimates of $548.09 million. During the same quarter last year, the firm posted $2.79 earnings per share. Mr. Cooper Group's revenue for the quarter was up 32.8% compared to the same quarter last year. As a group, analysts predict that Mr. Cooper Group Inc. will post 10.16 earnings per share for the current year.

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 on Monday, December 2nd. The shares were sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the completion of the sale, the chief executive officer now directly owns 788,821 shares of the company's stock, valued at approximately $76,973,153.18. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.33% of the stock is owned by insiders.

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.