Mr. Cooper Group Inc (NASDAQ:COOP) Stake Reduced by Bernzott Capital Advisors

Bernzott Capital Advisors lessened its stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 94.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,145 shares of the company's stock after selling 70,282 shares during the period. Bernzott Capital Advisors' holdings in Mr. Cooper Group were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Mr. Cooper Group during the 4th quarter worth $72,984,000. 140 Summer Partners LP purchased a new stake in shares of Mr. Cooper Group in the fourth quarter valued at about $69,959,000. Wellington Management Group LLP grew its holdings in Mr. Cooper Group by 43.1% during the 4th quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock valued at $109,346,000 after buying an additional 343,243 shares during the last quarter. Cercano Management LLC boosted its stake in shares of Mr. Cooper Group by 66.5% during the fourth quarter. Cercano Management LLC now owns 790,753 shares of the company's stock valued at $75,920,000 after acquiring an additional 315,801 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Mr. Cooper Group by 14,148.0% during the first quarter. GAMMA Investing LLC now owns 311,319 shares of the company's stock worth $37,234,000 after buying an additional 309,134 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Citizens Jmp downgraded Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods increased their target price on 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. Barclays lifted 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 note on Tuesday, July 8th. Piper Sandler upped their target price on Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Finally, UBS Group reaffirmed a "neutral" rating and set a $156.00 price target on shares of Mr. Cooper Group in a research report on Tuesday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $136.14.

Mr. Cooper Group Stock Performance

Shares of Mr. Cooper Group stock traded up $2.23 on Friday, reaching $150.43. 769,884 shares of the company were exchanged, compared to its average volume of 731,887. The firm has a market cap of $9.63 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 0.43 and a beta of 1.05. The company's 50-day moving average is $140.07 and its two-hundred day moving average is $119.40. Mr. Cooper Group Inc has a 1-year low of $80.35 and a 1-year 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 EPS for the quarter, topping the consensus estimate of $2.81 by $0.16. Mr. Cooper Group had a net margin of 25.93% and a return on equity of 15.27%. The firm had revenue of $560.00 million during the quarter, compared to analysts' expectations of $620.57 million. During the same quarter in the prior year, the firm earned $2.73 EPS. Mr. Cooper Group's quarterly revenue was down .7% on a year-over-year basis. As a group, sell-side analysts forecast that Mr. Cooper Group Inc will post 13.17 earnings per share for the current year.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $152.14, for a total transaction of $4,564,200.00. Following the transaction, the chief executive officer owned 693,187 shares of the company's stock, valued at approximately $105,461,470.18. This trade represents a 4.15% decrease in their position. 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 corporate insiders.

Mr. Cooper Group 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.