Burney Co. Decreases Position in Mr. Cooper Group Inc (NASDAQ:COOP)

Burney Co. cut its position in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 58.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,837 shares of the company's stock after selling 49,256 shares during the quarter. Burney Co. owned approximately 0.05% of Mr. Cooper Group worth $4,167,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new position in shares of Mr. Cooper Group during the first quarter valued at about $26,000. Allworth Financial LP increased its holdings 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 valued at $51,000 after acquiring an additional 87 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Mr. Cooper Group during the first quarter valued at about $55,000. Kapitalo Investimentos Ltda acquired a new position in shares of Mr. Cooper Group during the fourth quarter valued at about $70,000. Finally, Covestor Ltd increased its holdings in shares of 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 in the last quarter. 89.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 693,187 shares of the company's stock, valued at $105,461,470.18. The trade was a 4.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.73% of the stock is currently owned by corporate insiders.

Mr. Cooper Group Trading Up 0.5%

Mr. Cooper Group stock traded up $0.75 during mid-day trading on Friday, hitting $157.13. The company had a trading volume of 517,300 shares, compared to its average volume of 999,979. Mr. Cooper Group Inc has a 12-month low of $80.35 and a 12-month high of $178.89. The company's fifty day moving average is $143.57 and its 200-day moving average is $121.74. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 0.51 and a beta of 1.05.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.15). Mr. Cooper Group had a net margin of 25.38% and a return on equity of 15.66%. The firm had revenue of $608.00 million during the quarter, compared to analyst estimates of $669.23 million. During the same period in the prior year, the company posted $3.10 earnings per share. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts expect that Mr. Cooper Group Inc will post 13.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on COOP. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods upped 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 reiterated a "neutral" rating and issued a $156.00 target price on shares of Mr. Cooper Group in a research report on Tuesday, July 15th. Jefferies Financial Group upped their target price on Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a research report on Tuesday. Finally, Barclays upped 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. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $137.88.

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.