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

Mr. Cooper Group Inc. (NASDAQ:COOP) was the recipient of unusually large options trading on Wednesday. Investors acquired 10,613 call options on the company. This represents an increase of approximately 3,637% compared to the average volume of 284 call options.

Mr. Cooper Group Trading Up 0.0 %

Mr. Cooper Group stock opened at $91.65 on Thursday. Mr. Cooper Group has a 1-year low of $52.46 and a 1-year high of $95.74. The firm has a market capitalization of $5.93 billion, a PE ratio of 9.60 and a beta of 1.41. The firm’s 50 day simple moving average is $87.37 and its 200 day simple moving average is $81.44.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.33 by $0.19. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. The company had revenue of $583.00 million for the quarter, compared to the consensus estimate of $552.09 million. During the same quarter last year, the business posted $1.66 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. Research analysts forecast that Mr. Cooper Group will post 9.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on COOP. Wedbush lifted their price target on shares of Mr. Cooper Group from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Piper Sandler increased their price target on Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Barclays boosted their price objective on Mr. Cooper Group from $94.00 to $103.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods downgraded shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 target price for the company. in a research note on Monday, July 22nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Mr. Cooper Group has a consensus rating of “Moderate Buy” and a consensus target price of $91.88.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $80.93, for a total value of $2,023,250.00. Following the completion of the transaction, the chief executive officer now owns 259,631 shares in the company, valued at approximately $21,011,936.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of COOP. Natixis Advisors L.P. grew its stake in Mr. Cooper Group by 2.4% in the 4th quarter. Natixis Advisors L.P. now owns 19,065 shares of the company’s stock worth $1,241,000 after buying an additional 449 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Mr. Cooper Group by 30.8% during the 4th quarter. LSV Asset Management now owns 133,000 shares of the company’s stock worth $8,661,000 after acquiring an additional 31,300 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Mr. Cooper Group by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 768,848 shares of the company’s stock worth $50,067,000 after acquiring an additional 37,823 shares in the last quarter. Counterpoint Mutual Funds LLC increased its stake in Mr. Cooper Group by 49.9% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 6,134 shares of the company’s stock valued at $399,000 after acquiring an additional 2,041 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in Mr. Cooper Group by 2.8% during the fourth quarter. Teacher Retirement System of Texas now owns 44,546 shares of the company’s stock valued at $2,901,000 after purchasing an additional 1,225 shares in the last quarter. 89.82% of the stock is currently owned by 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.