Quantbot Technologies LP Acquires Shares of 5,224 Mr. Cooper Group Inc $COOP

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 purchased a new position in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,224 shares of the company's stock, valued at approximately $625,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of COOP. First Trust Advisors LP increased its position in Mr. Cooper Group by 10.6% during the fourth quarter. First Trust Advisors LP now owns 119,924 shares of the company's stock worth $11,514,000 after purchasing an additional 11,502 shares during the last quarter. State of Tennessee Department of Treasury increased its position in Mr. Cooper Group by 5.1% during the fourth quarter. State of Tennessee Department of Treasury now owns 17,203 shares of the company's stock worth $1,652,000 after purchasing an additional 832 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in Mr. Cooper Group by 33.7% during the fourth quarter. OneDigital Investment Advisors LLC now owns 5,391 shares of the company's stock worth $518,000 after purchasing an additional 1,359 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Mr. Cooper Group by 16.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock worth $83,712,000 after acquiring an additional 125,897 shares in the last quarter. Finally, MGO One Seven LLC increased its position in shares of Mr. Cooper Group by 28.9% in the fourth quarter. MGO One Seven LLC now owns 4,585 shares of the company's stock worth $440,000 after acquiring an additional 1,028 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company's stock.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $174.72, for a total transaction of $5,241,600.00. Following the transaction, the chief executive officer directly owned 663,187 shares in the company, valued at $115,872,032.64. This represents a 4.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.73% of the stock is owned by company insiders.

Mr. Cooper Group Price Performance

COOP traded up $0.24 during trading hours on Friday, reaching $188.53. 814,668 shares of the stock traded hands, compared to its average volume of 858,376. The firm's fifty day simple moving average is $167.73 and its two-hundred day simple moving average is $136.13. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 21.57 and a beta of 0.97. 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 results 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 firm had revenue of $608.00 million for the quarter, compared to analyst estimates of $669.23 million. Mr. Cooper Group had a net margin of 25.38% and a return on equity of 15.66%. Mr. Cooper Group's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.10 earnings per share. On average, research analysts predict that Mr. Cooper Group Inc will post 13.17 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the stock a "hold" rating in a research report on Tuesday, July 22nd. Barclays increased their price objective on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Piper Sandler increased their price objective on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Finally, UBS Group set a $176.00 price objective on shares of Mr. Cooper Group in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $140.38.

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.