Stock Traders Purchase Large Volume of Call Options on Mr. Cooper Group (NASDAQ:COOP)

Mr. Cooper Group Inc. (NASDAQ:COOP) was the target of some unusual options trading on Wednesday. Stock traders purchased 10,613 call options on the stock. This represents an increase of 3,637% compared to the average daily volume of 284 call options.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on COOP shares. Compass Point lifted their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. Piper Sandler lifted their price objective on Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays lifted their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, JMP Securities started coverage on Mr. Cooper Group in a report on Tuesday, January 14th. They issued an “outperform” rating and a $115.00 price objective for the company. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $104.13.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total value of $2,927,400.00. Following the completion of the sale, the chief executive officer now directly owns 788,821 shares in the company, valued at $76,973,153.18. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 90,000 shares of company stock worth $8,414,400 in the last ninety days. 2.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On Mr. Cooper Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. KBC Group NV grew its position in Mr. Cooper Group by 88.7% during the 4th quarter. KBC Group NV now owns 3,306 shares of the company’s stock worth $317,000 after acquiring an additional 1,554 shares during the last quarter. Blue Trust Inc. grew its position in Mr. Cooper Group by 94.2% during the 4th quarter. Blue Trust Inc. now owns 1,111 shares of the company’s stock worth $102,000 after acquiring an additional 539 shares during the last quarter. CX Institutional grew its position in shares of Mr. Cooper Group by 3.7% in the 4th quarter. CX Institutional now owns 16,211 shares of the company’s stock valued at $1,556,000 after buying an additional 579 shares during the last quarter. Dakota Wealth Management grew its position in shares of Mr. Cooper Group by 0.7% in the 4th quarter. Dakota Wealth Management now owns 27,695 shares of the company’s stock valued at $2,659,000 after buying an additional 181 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Mr. Cooper Group by 9,175.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company’s stock valued at $472,000 after buying an additional 4,863 shares during the last quarter. Institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock opened at $102.64 on Thursday. Mr. Cooper Group has a 52 week low of $64.35 and a 52 week high of $105.00. The stock has a market capitalization of $6.57 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 0.30 and a beta of 1.43. The stock has a fifty day moving average of $96.77 and a 200-day moving average of $92.82.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.30. The business had revenue of $616.00 million for the quarter, compared to analyst estimates of $548.09 million. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. Mr. Cooper Group’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.79 EPS. On average, research analysts forecast that Mr. Cooper Group will post 10.18 earnings per share for the current year.

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.