Beirne Wealth Consulting Services LLC Has $1.26 Million Stake in Mr. Cooper Group Inc (NASDAQ:COOP)

Beirne Wealth Consulting Services LLC lessened its position in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 27.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,500 shares of the company's stock after selling 4,000 shares during the quarter. Beirne Wealth Consulting Services LLC's holdings in Mr. Cooper Group were worth $1,256,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Xponance Inc. grew its position in Mr. Cooper Group by 4.7% in the 1st quarter. Xponance Inc. now owns 5,782 shares of the company's stock worth $692,000 after purchasing an additional 260 shares during the last quarter. Sage Rhino Capital LLC grew its position in Mr. Cooper Group by 4.7% in the 1st quarter. Sage Rhino Capital LLC now owns 2,187 shares of the company's stock worth $262,000 after purchasing an additional 98 shares during the last quarter. Arcus Capital Partners LLC acquired a new stake in Mr. Cooper Group in the 1st quarter worth $221,000. Allworth Financial LP grew its position in Mr. Cooper Group by 24.5% in the 1st quarter. Allworth Financial LP now owns 442 shares of the company's stock worth $51,000 after purchasing an additional 87 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Mr. Cooper Group by 359.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 113,824 shares of the company's stock worth $13,613,000 after purchasing an additional 89,031 shares during the last quarter. Institutional investors own 89.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on COOP shares. UBS Group raised their price target on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Citizens Jmp lowered shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Barclays raised their price target on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a research report on Tuesday. Keefe, Bruyette & Woods upped their target price on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research note on Tuesday, April 8th. Finally, Piper Sandler upped their target price on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.57.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $152.14, for a total value of $4,564,200.00. Following the transaction, the chief executive officer directly owned 693,187 shares in the company, valued at $105,461,470.18. The trade was a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.73% of the stock is currently owned by company insiders.

Mr. Cooper Group Trading Down 0.9%

NASDAQ COOP traded down $1.36 on Friday, reaching $147.00. The company's stock had a trading volume of 713,383 shares, compared to its average volume of 726,291. The firm has a market cap of $9.41 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 0.43 and a beta of 1.05. The business has a 50-day moving average price of $137.01 and a 200 day moving average price of $117.58. Mr. Cooper Group Inc has a 52 week low of $80.35 and a 52 week high of $158.00.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.16. The business had revenue of $560.00 million for the quarter, compared to analysts' expectations of $620.57 million. Mr. Cooper Group had a net margin of 25.93% and a return on equity of 15.27%. The firm's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.73 earnings per share. Analysts anticipate that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal 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.