share_log
Hi,
moomoo ID:0
Log Out
English
Back
  • English
  • 中文繁体
  • 中文简体

American Century Companies Inc. Grows Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Defense World ·  09/01/2022 18:52

American Century Companies Inc. boosted its position in Mr. Cooper Group Inc. (NASDAQ:COOP – Get Rating) by 30.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 337,741 shares of the company's stock after buying an additional 78,400 shares during the quarter. American Century Companies Inc. owned approximately 0.46% of Mr. Cooper Group worth $15,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of COOP. James Investment Research Inc. purchased a new stake in Mr. Cooper Group in the first quarter worth $26,000. Counterpoint Mutual Funds LLC bought a new position in shares of Mr. Cooper Group in the first quarter worth $65,000. National Bank of Canada FI bought a new position in shares of Mr. Cooper Group in the first quarter worth $85,000. Maverick Capital Ltd. bought a new position in shares of Mr. Cooper Group in the fourth quarter worth $132,000. Finally, Convergence Investment Partners LLC bought a new position in shares of Mr. Cooper Group in the first quarter worth $230,000. 86.68% of the stock is owned by hedge funds and other institutional investors.

Get Mr. Cooper Group alerts:

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Credit Suisse Group cut their price target on Mr. Cooper Group to $55.00 in a report on Friday, July 22nd. Barclays dropped their price objective on Mr. Cooper Group from $44.00 to $43.00 and set an "equal weight" rating for the company in a research note on Monday, July 11th. Finally, TheStreet raised Mr. Cooper Group from a "c+" rating to a "b" rating in a research note on Wednesday, May 4th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Mr. Cooper Group has a consensus rating of "Moderate Buy" and an average target price of $57.25.

Mr. Cooper Group Stock Down 0.6 %

Shares of COOP stock opened at $42.30 on Thursday. The business has a 50-day moving average price of $41.68 and a two-hundred day moving average price of $43.89. Mr. Cooper Group Inc. has a 12-month low of $35.81 and a 12-month high of $52.34. The firm has a market cap of $3.03 billion, a P/E ratio of 2.66 and a beta of 1.49.

Mr. Cooper Group (NASDAQ:COOP – Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.15. Mr. Cooper Group had a return on equity of 11.01% and a net margin of 39.35%. The firm had revenue of $599.00 million during the quarter, compared to analyst estimates of $434.70 million. As a group, research analysts expect that Mr. Cooper Group Inc. will post 2.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 46,000 shares of Mr. Cooper Group stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $40.23, for a total value of $1,850,580.00. Following the transaction, the chief executive officer now owns 608,767 shares in the company, valued at $24,490,696.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 138,000 shares of company stock valued at $5,610,160 over the last 90 days. Insiders own 2.59% of the company's stock.

About Mr. Cooper Group

(Get Rating)

Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related to single-family residences in the United States. The company operates through two segments: Servicing and Originations. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.

Read More

  • Get a free copy of the StockNews.com research report on Mr. Cooper Group (COOP)
  • Can Alibaba And Baidu Finally Rally With Delisting Fears Gone?
  • Is World Wresting Entertainment Getting Ready to Be Sold?
  • 3 Materials Stocks That May Earn a Place on Your Watchlist
  • Crowdstrike Stock Retraces, As Earnings Sober Expectations
  • Will The Institutions Buy The Dip In Ambarella Stock?

Receive News & Ratings for Mr. Cooper Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mr. Cooper Group and related companies with MarketBeat.com's FREE daily email newsletter.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.