Mr. Cooper Group Inc. (NASDAQ:COOP) is Bernzott Capital Advisors’ 5th Largest Position

Bernzott Capital Advisors trimmed its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 8.9% in the 4th quarter, HoldingsChannel reports. The firm owned 74,427 shares of the company’s stock after selling 7,230 shares during the quarter. Mr. Cooper Group makes up about 3.5% of Bernzott Capital Advisors’ portfolio, making the stock its 5th biggest position. Bernzott Capital Advisors’ holdings in Mr. Cooper Group were worth $7,146,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of COOP. Financial Management Professionals Inc. acquired a new position in Mr. Cooper Group during the third quarter valued at $30,000. Quarry LP acquired a new position in Mr. Cooper Group during the second quarter valued at $29,000. Harvest Fund Management Co. Ltd raised its position in Mr. Cooper Group by 152.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after buying an additional 270 shares during the period. ORG Partners LLC acquired a new position in Mr. Cooper Group during the fourth quarter valued at $51,000. Finally, Harbor Capital Advisors Inc. acquired a new position in Mr. Cooper Group during the third quarter valued at $52,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the completion of the sale, the chief executive officer now owns 788,821 shares in the company, valued at $76,973,153.18. This represents a 3.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 90,000 shares of company stock worth $8,414,400. 2.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

COOP has been the topic of several recent analyst reports. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday. Barclays upped their target price on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Wedbush reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. JMP Securities assumed coverage on Mr. Cooper Group in a research report on Tuesday. They issued an “outperform” rating and a $115.00 target price on the stock. Finally, Compass Point upped their target price on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $102.38.

Mr. Cooper Group Stock Performance

COOP opened at $101.44 on Friday. The company has a market cap of $6.49 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 0.27 and a beta of 1.43. The stock has a 50-day moving average of $96.54 and a 200-day moving average of $92.11. Mr. Cooper Group Inc. has a 52-week low of $61.38 and a 52-week high of $103.05.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.30. The company had revenue of $616.00 million during the quarter, compared to the consensus estimate of $548.09 million. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The firm’s revenue was up 32.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.79 EPS. On average, research analysts predict that Mr. Cooper Group Inc. will post 10.18 earnings per share for the current 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.