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

Prudent Man Advisors LLC lessened its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 8.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,391 shares of the company’s stock after selling 223 shares during the quarter. Prudent Man Advisors LLC’s holdings in Mr. Cooper Group were worth $230,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Private Advisor Group LLC acquired a new stake in Mr. Cooper Group in the 3rd quarter worth about $344,000. First Trust Direct Indexing L.P. raised its stake in Mr. Cooper Group by 7.6% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,021 shares of the company’s stock worth $278,000 after purchasing an additional 213 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Mr. Cooper Group in the 3rd quarter worth about $52,000. Assetmark Inc. raised its stake in Mr. Cooper Group by 6.4% in the 3rd quarter. Assetmark Inc. now owns 11,127 shares of the company’s stock worth $1,026,000 after purchasing an additional 667 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in Mr. Cooper Group by 12.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,186 shares of the company’s stock worth $478,000 after purchasing an additional 591 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Stock Performance

Shares of NASDAQ COOP opened at $112.37 on Friday. The company has a market capitalization of $7.15 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 0.32 and a beta of 1.43. Mr. Cooper Group Inc. has a 52-week low of $70.01 and a 52-week high of $112.99. The company’s 50 day moving average price is $102.29 and its 200-day moving average price is $96.73.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings results 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%. Analysts forecast that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $97.58, for a total value of $2,927,400.00. Following the transaction, the chief executive officer now owns 788,821 shares in the company, valued at approximately $76,973,153.18. The trade was a 3.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on COOP shares. Piper Sandler lifted their price objective on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. UBS Group boosted their target price 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, February 18th. Citizens Jmp upgraded shares of Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Barclays lifted their price target on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods boosted 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. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Mr. Cooper Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.22.

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.