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

Beirne Wealth Consulting Services LLC cut its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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.

A number of other hedge funds have also bought and sold shares of COOP. Financial Management Professionals Inc. bought a new position in shares of Mr. Cooper Group during the 3rd quarter worth approximately $30,000. Harvest Fund Management Co. Ltd boosted its stake 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 worth $41,000 after acquiring an additional 270 shares in the last quarter. Asset Planning Inc acquired a new stake in Mr. Cooper Group in the fourth quarter worth $48,000. ORG Partners LLC bought a new stake in Mr. Cooper Group in the fourth quarter valued at $51,000. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Mr. Cooper Group during the third quarter valued at about $52,000. Institutional investors own 89.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on COOP. Wedbush restated an “outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Barclays raised their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. UBS Group upped their target price on Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday. Piper Sandler lifted their price target on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, JMP Securities restated a “market outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Two 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, the company presently has an average rating of “Moderate Buy” and an average price target of $112.22.

Insider Activity at Mr. Cooper Group

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

Mr. Cooper Group Price Performance

Shares of NASDAQ:COOP opened at $107.68 on Wednesday. Mr. Cooper Group Inc. has a 1 year low of $70.01 and a 1 year high of $109.72. The company has a market capitalization of $6.89 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 0.31 and a beta of 1.43. The business has a fifty day moving average price of $99.98 and a two-hundred day moving average price of $95.36.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. Sell-side analysts anticipate that Mr. Cooper Group Inc. will post 13.24 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.