Prudent Man Advisors LLC Has $230,000 Stock Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Prudent Man Advisors LLC cut its position in Mr. Cooper Group Inc. (NASDAQ:COOP) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,391 shares of the company’s stock after selling 223 shares during the period. Prudent Man Advisors LLC’s holdings in Mr. Cooper Group were worth $230,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of COOP. Private Advisor Group LLC bought a new stake in shares of Mr. Cooper Group during the third quarter worth $344,000. First Trust Direct Indexing L.P. increased its position in shares of Mr. Cooper Group by 7.6% during the third quarter. First Trust Direct Indexing L.P. now owns 3,021 shares of the company’s stock worth $278,000 after acquiring an additional 213 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Mr. Cooper Group during the third quarter worth $52,000. Assetmark Inc. increased its position in shares of Mr. Cooper Group by 6.4% during the third quarter. Assetmark Inc. now owns 11,127 shares of the company’s stock worth $1,026,000 after acquiring an additional 667 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of Mr. Cooper Group by 12.9% during the third quarter. Crossmark Global Holdings Inc. now owns 5,186 shares of the company’s stock worth $478,000 after acquiring an additional 591 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Mr. Cooper Group Price Performance

Shares of COOP opened at $112.37 on Friday. The firm has a 50-day moving average of $102.29 and a 200-day moving average of $96.73. Mr. Cooper Group Inc. has a one year low of $70.01 and a one year high of $112.99. The company has a market cap of $7.15 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 0.32 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, beating 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%. Analysts expect that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on COOP. Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods increased their price objective on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, February 13th. UBS Group increased their price objective on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Barclays raised their target price on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, Piper Sandler raised their target price 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. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mr. Cooper Group currently has a consensus rating of “Moderate Buy” and an average target price of $112.22.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated 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 owns 758,821 shares of the company’s stock, valued at $71,700,996.29. This trade represents a 3.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.33% of the company’s stock.

About Mr. Cooper Group

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.