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

De Lisle Partners LLP bought a new position in Mr. Cooper Group Inc. (NASDAQ:COOP) in the 3rd quarter, Holdings Channel.com reports. The fund bought 12,000 shares of the company’s stock, valued at approximately $1,106,000.

A number of other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in Mr. Cooper Group by 984.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock worth $30,476,000 after buying an additional 354,905 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Mr. Cooper Group by 50.7% during the third quarter. Los Angeles Capital Management LLC now owns 32,592 shares of the company’s stock worth $3,004,000 after purchasing an additional 10,964 shares during the last quarter. Waterfall Asset Management LLC bought a new stake in Mr. Cooper Group during the second quarter valued at $809,000. Advisors Asset Management Inc. acquired a new stake in shares of Mr. Cooper Group during the first quarter worth $476,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Mr. Cooper Group in the 2nd quarter worth about $626,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on COOP. Wedbush reiterated an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Compass Point increased their target price on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays boosted their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Two 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, the company has an average rating of “Moderate Buy” and a consensus price target of $98.00.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 818,821 shares in the company, valued at approximately $72,391,964.61. This represents a 3.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.33% of the stock is owned by company insiders.

Mr. Cooper Group Trading Up 0.0 %

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

Mr. Cooper Group (NASDAQ:COOP) last announced 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. The company had revenue of $616.00 million for the quarter, compared to the consensus estimate of $548.09 million. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The company’s revenue for the quarter was up 32.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.79 earnings per share. On average, equities research analysts predict that Mr. Cooper Group Inc. will post 10.16 earnings per share for the current year.

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.