5,224 Shares in Mr. Cooper Group Inc $COOP Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP invested approximately $625,000 in Mr. Cooper Group by acquiring 5,224 shares in the first quarter, amidst strong interest from other hedge funds.
• Mr. Cooper Group's stock recently experienced a decline of 3.0%, with its market cap at $12.35 billion and a 52-week stock range between $84.15 and $203.42.
• In recent earnings, Mr. Cooper reported $3.13 earnings per share, missing estimates, and its revenue was lower than expected, generating $608 million against a forecast of $669.23 million.

Quantbot Technologies LP acquired a new stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,224 shares of the company's stock, valued at approximately $625,000.

Several other institutional investors also recently bought and sold shares of COOP. First Horizon Advisors Inc. acquired a new stake in Mr. Cooper Group in the first quarter valued at approximately $26,000. Allworth Financial LP grew its holdings in Mr. Cooper Group by 24.5% in the first quarter. Allworth Financial LP now owns 442 shares of the company's stock valued at $51,000 after purchasing an additional 87 shares during the period. USA Financial Formulas acquired a new stake in Mr. Cooper Group in the first quarter valued at approximately $55,000. Kapitalo Investimentos Ltda acquired a new stake in Mr. Cooper Group in the fourth quarter valued at approximately $70,000. Finally, CWM LLC grew its holdings in Mr. Cooper Group by 20.7% in the first quarter. CWM LLC now owns 781 shares of the company's stock valued at $93,000 after purchasing an additional 134 shares during the period. 89.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $174.72, for a total transaction of $5,241,600.00. Following the transaction, the chief executive officer owned 663,187 shares of the company's stock, valued at approximately $115,872,032.64. The trade was a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.73% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on COOP. Jefferies Financial Group raised their price objective on Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a report on Tuesday, July 22nd. Piper Sandler lifted their price target on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. UBS Group set a $176.00 price target on Mr. Cooper Group in a research note on Tuesday, August 5th. Finally, Barclays lifted their price target on Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $140.38.

Mr. Cooper Group Trading Down 1.4%

NASDAQ COOP traded down $2.69 on Thursday, reaching $188.29. 787,434 shares of the company were exchanged, compared to its average volume of 924,149. The business's fifty day moving average price is $166.95 and its 200 day moving average price is $135.17. The stock has a market capitalization of $12.05 billion, a P/E ratio of 21.54 and a beta of 0.98. Mr. Cooper Group Inc has a fifty-two week low of $84.15 and a fifty-two week high of $203.42.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 earnings per share for the quarter, missing analysts' consensus estimates of $3.28 by ($0.15). The company had revenue of $608.00 million for the quarter, compared to analyst estimates of $669.23 million. Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%.The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $3.10 EPS. Equities research analysts forecast that Mr. Cooper Group Inc will post 13.17 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.