Bernzott Capital Advisors Trims Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Bernzott Capital Advisors decreased its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,427 shares of the company's stock after selling 7,230 shares during the period. Mr. Cooper Group makes up about 3.5% of Bernzott Capital Advisors' portfolio, making the stock its 5th largest position. Bernzott Capital Advisors owned approximately 0.12% of Mr. Cooper Group worth $7,146,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in COOP. ORG Partners LLC purchased a new position in Mr. Cooper Group during the 4th quarter worth $51,000. Range Financial Group LLC bought a new stake in Mr. Cooper Group in the 4th quarter worth about $1,091,000. Oliver Luxxe Assets LLC lifted its position in shares of Mr. Cooper Group by 5.8% during the 4th quarter. Oliver Luxxe Assets LLC now owns 41,535 shares of the company's stock worth $3,988,000 after buying an additional 2,259 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Mr. Cooper Group in the third quarter valued at approximately $2,459,000. Finally, World Investment Advisors LLC purchased a new position in Mr. Cooper Group in the third quarter worth $2,537,000. 89.82% of the stock is owned by institutional investors.

Insider Activity at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the sale, the chief executive officer now directly owns 818,821 shares in the company, valued at $72,391,964.61. This trade represents a 3.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders sold 90,000 shares of company stock worth $8,414,400. 2.33% of the stock is owned by company insiders.

Mr. Cooper Group Stock Up 2.2 %

Shares of COOP traded up $2.24 during trading hours on Friday, reaching $103.68. 723,126 shares of the company traded hands, compared to its average volume of 474,375. Mr. Cooper Group Inc. has a 12 month low of $61.77 and a 12 month high of $103.89. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 0.27 and a beta of 1.43. The company's fifty day moving average price is $96.54 and its two-hundred day moving average price is $92.11.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.54 by $0.30. The company had revenue of $616.00 million for the quarter, compared to analysts' expectations of $548.09 million. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. Mr. Cooper Group's revenue was up 32.8% compared to the same quarter last year. During the same period last year, the firm posted $2.79 earnings per share. On average, analysts expect that Mr. Cooper Group Inc. will post 10.18 EPS for the current year.

Analysts Set New Price Targets

COOP has been the subject of several research analyst reports. Barclays raised their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Citizens Jmp raised Mr. Cooper Group to a "strong-buy" rating in a research note on Tuesday. Compass Point increased their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. JMP Securities started coverage on Mr. Cooper Group in a research report on Tuesday. They issued an "outperform" rating and a $115.00 target price for the company. Finally, Wedbush reiterated an "outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.38.

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.