Beirne Wealth Consulting Services LLC Trims Stake in Mr. Cooper Group Inc (NASDAQ:COOP)

Beirne Wealth Consulting Services LLC trimmed its holdings in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 27.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of COOP. First Horizon Advisors Inc. bought a new stake in shares of Mr. Cooper Group in the first quarter valued at approximately $26,000. Picton Mahoney Asset Management increased its stake in shares of Mr. Cooper Group by 41.3% in the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after buying an additional 95 shares in the last quarter. Allworth Financial LP increased its stake in shares of Mr. Cooper Group by 24.5% in the first quarter. Allworth Financial LP now owns 442 shares of the company's stock valued at $51,000 after buying an additional 87 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Mr. Cooper Group in the first quarter valued at $55,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Mr. Cooper Group in the fourth quarter valued at $70,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $152.14, for a total value of $4,564,200.00. Following the transaction, the chief executive officer owned 693,187 shares in the company, valued at approximately $105,461,470.18. This represents a 4.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.33% of the company's stock.

Mr. Cooper Group Stock Performance

Shares of Mr. Cooper Group stock traded down $7.22 during trading on Tuesday, reaching $143.29. 845,927 shares of the company's stock were exchanged, compared to its average volume of 728,631. Mr. Cooper Group Inc has a 1-year low of $80.35 and a 1-year high of $158.00. The firm's 50-day moving average price is $137.01 and its 200 day moving average price is $117.89. The company has a market cap of $9.17 billion, a P/E ratio of 16.28, a PEG ratio of 0.43 and a beta of 1.05.

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

Wall Street Analyst Weigh In

COOP has been the topic of a number of recent analyst reports. Piper Sandler raised their target price on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Keefe, Bruyette & Woods lifted their target price on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research report on Tuesday, April 8th. UBS Group reissued a "neutral" rating and issued a $156.00 target price on shares of Mr. Cooper Group in a research report on Tuesday. Barclays lifted their target price on Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $136.14.

About Mr. Cooper Group

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.