David Nierenberg's Strategic Moves in Q3 2024: A Closer Look at Mr. Cooper Group Inc's Impact

GuruFocus11-14

Insights into Nierenberg's Latest 13F Filings and Key Portfolio Adjustments David Nierenberg (Trades, Portfolio), the founder and president of Nierenberg Investment Management Company, which operates ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483524788?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-14 04:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483524788","market":"us","top_or_hot":-1,"title":"David Nierenberg's Strategic Moves in Q3 2024: A Closer Look at Mr. Cooper Group Inc's Impact","media":"GuruFocus","content":"<div>\n<p>Insights into Nierenberg's Latest 13F Filings and Key Portfolio Adjustments David Nierenberg (Trades, Portfolio), the founder and president of Nierenberg Investment Management Company, which operates ...</p>\n\n<a href=\"https://www.gurufocus.com/news/2601030/david-nierenbergs-strategic-moves-in-q3-2024-a-closer-look-at-mr-cooper-group-incs-impact\">Source Link</a>\n\n</div>\n","source":"gurufocus_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>David Nierenberg's Strategic Moves in Q3 2024: A Closer Look at Mr. Cooper Group Inc's Impact</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDavid Nierenberg's Strategic Moves in Q3 2024: A Closer Look at Mr. Cooper Group Inc's Impact\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 04:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.gurufocus.com/news/2601030/david-nierenbergs-strategic-moves-in-q3-2024-a-closer-look-at-mr-cooper-group-incs-impact><strong>GuruFocus</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Insights into Nierenberg's Latest 13F Filings and Key Portfolio Adjustments David Nierenberg (Trades, Portfolio), the founder and president of Nierenberg Investment Management Company, which operates ...</p>\n\n<a href=\"https://www.gurufocus.com/news/2601030/david-nierenbergs-strategic-moves-in-q3-2024-a-closer-look-at-mr-cooper-group-incs-impact\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4229","symbol_name":"商业和住宅抵押贷款融资","start_time":0,"source_url":"https://www.gurufocus.com/news/2601030/david-nierenbergs-strategic-moves-in-q3-2024-a-closer-look-at-mr-cooper-group-incs-impact","article_id":"2483524788","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483524788","pubTimestamp":1731528194,"columns":[],"sourceInfo":{"source_id":"gurufocus_highlight","name":"GuruFocus"},"weMediaInfo":null,"summary":"Insights into Nierenberg's Latest 13F Filings and Key Portfolio Adjustments David Nierenberg , the founder and president of Nierenberg Investment Management Company, which operates the D3 Family of Funds, recently disclosed his 13F filings for the third quarter of 2024. Nierenberg, a Yale College and Yale Law School alumnus, is known for his focus on long-term capital gains through investments in undervalued, domestic, micro-cap growth companies. His investment strategy often involves activism to unlock shareholder value. This quarter's filing reveals significant changes in his portfolio, including new buys, increased stakes, and some strategic exits.Summary of New Buys David Nierenberg  added a total of 9 stocks to his portfolio this quarter. Noteworthy new acquisitions include:","collect":0,"end_time":0,"defaultTopTitle":"gurufocus.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4229":"商业和住宅抵押贷款融资","BK4195":"互助储蓄与抵押信贷金融服务","COOP":"Mr. Cooper Group Inc."},"translate_title":"David Nierenberg 2024年第三季度的战略举措：仔细观察Mr.Cooper Group Inc的影响","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COOP":1},"content_text":"Insights into Nierenberg's Latest 13F Filings and Key Portfolio Adjustments David Nierenberg (Trades, Portfolio), the founder and president of Nierenberg Investment Management Company, which operates the D3 Family of Funds, recently disclosed his 13F filings for the third quarter of 2024. Nierenberg, a Yale College and Yale Law School alumnus, is known for his focus on long-term capital gains through investments in undervalued, domestic, micro-cap growth companies. His investment strategy often involves activism to unlock shareholder value. This quarter's filing reveals significant changes in his portfolio, including new buys, increased stakes, and some strategic exits.Summary of New Buys David Nierenberg (Trades, Portfolio) added a total of 9 stocks to his portfolio this quarter. Noteworthy new acquisitions include:\nAdtran Holdings Inc (ADTN, Financial), with 343,110 shares, making up 1.15% of the portfolio and valued at approximately $2.03 million.Oshkosh Corp (OSK, Financial), comprising 5,555 shares, which represent about 0.32% of the portfolio, with a total value of $556,670.Hooker Furnishings Corp (HOFT, Financial), with 11,555 shares, accounting for 0.12% of the portfolio and a total value of $208,910. Key Position Increases David Nierenberg (Trades, Portfolio) also increased his stakes in a total of 10 stocks, with significant boosts in:\nRiverview Bancorp Inc (RVSB, Financial), adding an additional 658,205 shares, bringing the total to 1,060,600 shares. This adjustment represents a 163.57% increase in share count, impacting the current portfolio by 1.76%, and valued at $4.99 million.Potbelly Corp (PBPB, Financial), with an additional 150,704 shares, bringing the total to 2,980,564. This adjustment represents a 5.33% increase in share count, valued at $24.86 million. Summary of Sold Out Positions During the third quarter of 2024, David Nierenberg (Trades, Portfolio) completely exited 7 holdings, including:\nFlotek Industries Inc (FTK, Financial), where all 1,247,637 shares were sold, impacting the portfolio by -3.43%.First Horizon Corp (FHN, Financial), with all 111,555 shares liquidated, causing a -0.98% impact on the portfolio. Key Position Reductions Reductions were made in 8 stocks, with significant cuts in:\nMr. Cooper Group Inc (COOP, Financial), reduced by 151,180 shares, resulting in a -29.4% decrease in shares and a -6.87% impact on the portfolio. The stock traded at an average price of $88.62 during the quarter and has returned 15.45% over the past 3 months and 52.33% year-to-date.Superior Industries International Inc (SUP, Financial), reduced by 238,555 shares, resulting in a -68.14% reduction in shares and a -0.44% impact on the portfolio. The stock traded at an average price of $3.2 during the quarter and has returned -14.33% over the past 3 months and -21.56% year-to-date. Portfolio Overview As of the third quarter of 2024, David Nierenberg (Trades, Portfolio)'s portfolio included 54 stocks. The top holdings were 18.96% in Mr. Cooper Group Inc (COOP), 14.09% in Potbelly Corp (PBPB, Financial), 11.68% in Fluor Corp (FLR, Financial), 11.14% in EQT Corp (EQT, Financial), and 11.08% in Cantaloupe Inc (CTLP, Financial). The holdings are mainly concentrated in 10 of all the 11 industries: Financial Services, Industrials, Technology, Consumer Cyclical, Energy, Healthcare, Communication Services, Real Estate, Basic Materials, and Consumer Defensive.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483524788"}