Mr. Cooper Group Sees Unusually High Options Volume (NASDAQ:COOP)

Mr. Cooper Group Inc. (NASDAQ:COOPGet Free Report) was the recipient of some unusual options trading on Wednesday. Traders bought 10,613 call options on the company. This represents an increase of 3,637% compared to the average daily volume of 284 call options.

Mr. Cooper Group Trading Down 0.1 %

Shares of NASDAQ:COOP opened at $75.74 on Thursday. Mr. Cooper Group has a 12-month low of $40.17 and a 12-month high of $78.53. The company has a market capitalization of $4.89 billion, a PE ratio of 10.32 and a beta of 1.38. The business has a 50 day moving average of $72.37 and a two-hundred day moving average of $63.94.

Mr. Cooper Group (NASDAQ:COOPGet Free Report) 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. Mr. Cooper Group had a return on equity of 12.01% and a net margin of 27.87%. The company had revenue of $404.00 million during the quarter, compared to the consensus estimate of $398.31 million. Equities research analysts predict that Mr. Cooper Group will post 8.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on COOP shares. Wedbush raised their price target on Mr. Cooper Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. Barclays raised their price target on Mr. Cooper Group from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. UBS Group started coverage on Mr. Cooper Group in a research note on Wednesday, December 6th. They set a “buy” rating and a $80.00 price target on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Mr. Cooper Group in a research note on Wednesday, January 10th. They set a “buy” rating and a $88.00 price target on the stock. Finally, Keefe, Bruyette & Woods lifted their target price on Mr. Cooper Group from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $77.50.

Get Our Latest Analysis on Mr. Cooper Group

Insider Activity

In other news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $78.09, for a total transaction of $1,952,250.00. Following the completion of the transaction, the chief executive officer now directly owns 334,631 shares in the company, valued at approximately $26,131,334.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, President Michael S. Weinbach purchased 17,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average cost of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the transaction, the president now directly 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 available at this link. Also, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $78.09, for a total value of $1,952,250.00. Following the completion of the sale, the chief executive officer now owns 334,631 shares in the company, valued at approximately $26,131,334.79. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,000 shares of company stock worth $5,431,500. 3.11% of the stock is currently owned by insiders.

Institutional Trading of Mr. Cooper Group

Institutional investors and hedge funds have recently made changes to their positions in the business. USA Financial Formulas purchased a new stake in shares of Mr. Cooper Group in the fourth quarter valued at approximately $25,000. Federated Hermes Inc. increased its position in shares of Mr. Cooper Group by 55.1% during the third quarter. Federated Hermes Inc. now owns 752 shares of the company’s stock worth $30,000 after purchasing an additional 267 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Mr. Cooper Group by 95.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the company’s stock worth $32,000 after purchasing an additional 380 shares in the last quarter. Point72 Middle East FZE purchased a new stake in shares of Mr. Cooper Group during the fourth quarter worth approximately $38,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of Mr. Cooper Group by 54.8% during the third quarter. Public Employees Retirement System of Ohio now owns 986 shares of the company’s stock worth $40,000 after purchasing an additional 349 shares in the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Mr. Cooper Group Company Profile

(Get Free Report)

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.

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