Bernzott Capital Advisors Has $7.15 Million Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Bernzott Capital Advisors trimmed its position in Mr. Cooper Group Inc. (NASDAQ:COOP) by 8.9% in the fourth quarter, according to its most recent 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 quarter. Mr. Cooper Group makes up approximately 3.5% of Bernzott Capital Advisors’ holdings, making the stock its 5th largest position. Bernzott Capital Advisors owned 0.12% of Mr. Cooper Group worth $7,146,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in COOP. Quarry LP bought a new stake in shares of Mr. Cooper Group in the 2nd quarter valued at approximately $29,000. Financial Management Professionals Inc. bought a new position in Mr. Cooper Group during the 3rd quarter worth $30,000. Harvest Fund Management Co. Ltd grew its stake in Mr. Cooper Group by 152.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock worth $41,000 after buying an additional 270 shares during the last quarter. ORG Partners LLC bought a new position in Mr. Cooper Group during the 4th quarter worth $51,000. Finally, Harbor Capital Advisors Inc. bought a new position in Mr. Cooper Group during the 3rd quarter worth $52,000. 89.82% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 90,000 shares of company stock worth $8,414,400 over the last 90 days. 2.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on COOP shares. Barclays upped their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Compass Point upped their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. JMP Securities started coverage on Mr. Cooper Group in a research note on Tuesday. They set an “outperform” rating and a $115.00 price objective for the company. 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. Finally, Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $102.38.

Mr. Cooper Group Stock Up 1.4 %

Shares of Mr. Cooper Group stock opened at $101.44 on Friday. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 0.27 and a beta of 1.43. The business has a fifty day simple moving average of $96.54 and a 200-day simple moving average of $92.11. Mr. Cooper Group Inc. has a fifty-two week low of $61.38 and a fifty-two week high of $103.05.

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

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.