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

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

Insider Activity at Mr. Cooper Group

In related news, President Michael S. Weinbach acquired 17,000 shares of Mr. Cooper Group stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average cost of $71.16 per share, for a total transaction of $1,209,720.00. Following the acquisition, the president now owns 17,000 shares in the company, valued at $1,209,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $67.56, for a total transaction of $1,689,000.00. Following the sale, the chief executive officer now directly owns 391,051 shares in the company, valued at $26,419,405.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael S. Weinbach purchased 17,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were acquired at an average price of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the purchase, the president now directly owns 17,000 shares of the company’s stock, valued at $1,209,720. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 75,000 shares of company stock worth $5,431,500. Company insiders own 3.11% of the company’s stock.

Hedge Funds Weigh In On Mr. Cooper Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. USA Financial Formulas acquired a new stake in shares of Mr. Cooper Group in the fourth quarter valued at approximately $25,000. Federated Hermes Inc. boosted its holdings in shares of Mr. Cooper Group by 55.1% in the third quarter. Federated Hermes Inc. now owns 752 shares of the company’s stock valued at $30,000 after acquiring an additional 267 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Mr. Cooper Group by 95.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the company’s stock valued at $32,000 after acquiring an additional 380 shares during the period. Point72 Middle East FZE acquired a new stake in shares of Mr. Cooper Group in the fourth quarter valued at approximately $38,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Mr. Cooper Group by 54.8% in the third quarter. Public Employees Retirement System of Ohio now owns 986 shares of the company’s stock valued at $40,000 after acquiring an additional 349 shares during the period. 89.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on COOP shares. Barclays upped their target price on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods upped their target price on shares of Mr. Cooper Group from $83.00 to $86.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Wedbush upped their target price on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Mr. Cooper Group in a research note on Wednesday, January 10th. They set a “buy” rating and a $88.00 target price on the stock. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Mr. Cooper Group presently has an average rating of “Buy” and an average target price of $78.50.

Mr. Cooper Group Stock Up 0.2 %

Shares of COOP opened at $75.71 on Thursday. The stock has a 50 day moving average price of $74.22 and a 200 day moving average price of $65.54. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 10.31 and a beta of 1.38. Mr. Cooper Group has a 52-week low of $41.74 and a 52-week high of $78.54.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.34. The firm had revenue of $404.00 million during the quarter, compared to the consensus estimate of $398.31 million. Mr. Cooper Group had a return on equity of 12.01% and a net margin of 27.87%. On average, equities analysts anticipate that Mr. Cooper Group will post 9.01 EPS for the current fiscal year.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.