Beirne Wealth Consulting Services LLC Sells 250 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Beirne Wealth Consulting Services LLC reduced its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,500 shares of the company’s stock after selling 250 shares during the quarter. Beirne Wealth Consulting Services LLC’s holdings in Mr. Cooper Group were worth $1,392,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Financial Management Professionals Inc. purchased a new position in Mr. Cooper Group in the 3rd quarter worth approximately $30,000. Harvest Fund Management Co. Ltd increased its stake in Mr. Cooper Group by 152.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after acquiring an additional 270 shares during the last quarter. Asset Planning Inc purchased a new stake in Mr. Cooper Group during the fourth quarter valued at about $48,000. ORG Partners LLC bought a new stake in Mr. Cooper Group during the fourth quarter worth about $51,000. Finally, Harbor Capital Advisors Inc. bought a new stake in Mr. Cooper Group during the third quarter worth about $52,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the completion of the sale, the chief executive officer now directly owns 758,821 shares in the company, valued at approximately $71,700,996.29. The trade was a 3.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on COOP. Piper Sandler raised their price objective on Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their target price on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, February 13th. JMP Securities restated a “market outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, February 13th. UBS Group boosted their price objective on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $112.22.

Mr. Cooper Group Stock Performance

Shares of NASDAQ COOP opened at $107.68 on Wednesday. The firm’s 50 day moving average price is $99.98 and its 200-day moving average price is $95.36. Mr. Cooper Group Inc. has a 52-week low of $70.01 and a 52-week high of $109.72. The company has a market cap of $6.89 billion, a PE ratio of 10.58, a P/E/G ratio of 0.31 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. On average, analysts forecast that Mr. Cooper Group Inc. will post 13.24 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.