Mr. Cooper Group Target of Unusually Large Options Trading (NASDAQ:COOP)

Mr. Cooper Group Inc. (NASDAQ:COOP) saw some unusual options trading activity on Wednesday. Investors purchased 10,613 call options on the stock. This is an increase of 3,637% compared to the typical daily volume of 284 call options.

Analysts Set New Price Targets

A number of research firms recently weighed in on COOP. UBS Group lifted their price target on Mr. Cooper Group from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. JMP Securities reiterated a “market outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Keefe, Bruyette & Woods increased their target price on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a “market perform” rating in a report on Tuesday, April 8th. Barclays raised their price objective on Mr. Cooper Group from $130.00 to $147.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. Finally, Citizens Jmp lowered Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Mr. Cooper Group presently has an average rating of “Moderate Buy” and an average price target of $131.14.

Mr. Cooper Group Trading Down 0.5 %

Shares of COOP stock opened at $119.01 on Thursday. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 0.32 and a beta of 1.17. Mr. Cooper Group has a twelve month low of $76.85 and a twelve month high of $137.60. The firm has a 50-day moving average price of $111.76 and a 200 day moving average price of $102.93.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The business had revenue of $560.00 million for the quarter, compared to analysts’ expectations of $620.57 million. During the same quarter last year, the firm earned $2.73 earnings per share. The business’s revenue was down .7% on a year-over-year basis. As a group, research analysts predict that Mr. Cooper Group will post 13.17 earnings per share for the current year.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the sale, the chief executive officer now owns 698,821 shares of the company’s stock, valued at $78,435,669.04. The trade was a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.33% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of COOP. 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. Picton Mahoney Asset Management grew its stake in shares of Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock valued at $31,000 after buying an additional 95 shares during the period. Sage Rhino Capital LLC increased its holdings in shares of Mr. Cooper Group by 4.7% during the 1st quarter. Sage Rhino Capital LLC now owns 2,187 shares of the company’s stock worth $262,000 after buying an additional 98 shares during the last quarter. Penbrook Management LLC raised its position in shares of Mr. Cooper Group by 0.6% in the 1st quarter. Penbrook Management LLC now owns 15,825 shares of the company’s stock worth $1,893,000 after buying an additional 100 shares during the period. Finally, Williamson Legacy Group LLC boosted its holdings in Mr. Cooper Group by 1.1% in the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company’s stock valued at $1,040,000 after acquiring an additional 118 shares during the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

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.