Mr. Cooper Group Inc (NASDAQ:COOP) Stock Holdings Lowered by Bernzott Capital Advisors

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

Other hedge funds and other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. acquired a new stake in Mr. Cooper Group in the 1st quarter worth about $26,000. Allworth Financial LP grew its stake in shares of Mr. Cooper Group by 24.5% during the first quarter. Allworth Financial LP now owns 442 shares of the company's stock worth $51,000 after buying an additional 87 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Mr. Cooper Group in the first quarter worth $55,000. Kapitalo Investimentos Ltda bought a new stake in Mr. Cooper Group during the fourth quarter valued at $70,000. Finally, Covestor Ltd boosted its position in Mr. Cooper Group by 418.9% during the fourth quarter. Covestor Ltd now owns 742 shares of the company's stock valued at $71,000 after acquiring an additional 599 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company's stock.

Mr. Cooper Group Trading Up 5.6%

Shares of Mr. Cooper Group stock traded up $8.37 on Monday, reaching $158.80. 628,395 shares of the stock were exchanged, compared to its average volume of 969,176. Mr. Cooper Group Inc has a 1-year low of $80.35 and a 1-year high of $158.34. The business has a fifty day moving average price of $140.07 and a two-hundred day moving average price of $119.74. The firm has a market capitalization of $10.16 billion, a PE ratio of 17.97, a PEG ratio of 0.44 and a beta of 1.05.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (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 company had revenue of $560.00 million for the quarter, compared to analysts' expectations of $620.57 million. During the same period last year, the company earned $2.73 EPS. The firm's revenue for the quarter was down .7% compared to the same quarter last year. Research analysts expect that Mr. Cooper Group Inc will post 13.17 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction on 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 completion of the sale, the chief executive officer directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 2.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

COOP has been the subject of several analyst reports. Barclays increased their price objective on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. UBS Group reissued a "neutral" rating and set a $156.00 price objective on shares of Mr. Cooper Group in a research note on Tuesday, July 15th. 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 report on Tuesday, July 1st. Keefe, Bruyette & Woods increased their price objective on shares of 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. Finally, Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Four investment 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 stock presently has an average rating of "Moderate Buy" and a consensus price target of $136.14.

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.