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

Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Investors bought 10,613 call options on the company. This represents an increase of 3,637% compared to the typical volume of 284 call options.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at approximately $78,435,669.04. This trade represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.33% of the company's stock.

Hedge Funds Weigh In On Mr. Cooper Group

A number of hedge funds have recently made changes to their positions in the business. Picton Mahoney Asset Management raised its stake in 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 purchasing an additional 95 shares during the period. Asset Planning Inc purchased a new stake in Mr. Cooper Group during the 4th quarter valued at approximately $48,000. ORG Partners LLC bought a new stake in shares of Mr. Cooper Group during the fourth quarter valued at approximately $51,000. Kapitalo Investimentos Ltda purchased a new position in shares of Mr. Cooper Group in the fourth quarter worth $70,000. Finally, Covestor Ltd boosted its position in shares of Mr. Cooper Group by 418.9% during the fourth quarter. Covestor Ltd now owns 742 shares of the company's stock worth $71,000 after acquiring an additional 599 shares during the last quarter. Institutional investors own 89.82% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on COOP shares. JMP Securities restated a "market outperform" rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Barclays boosted their price target on Mr. Cooper Group from $111.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. UBS Group increased their price objective on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Piper Sandler lowered shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their target price for the company from $125.00 to $143.00 in a research report on Friday. Finally, Citizens Jmp downgraded shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $114.78.

Mr. Cooper Group Stock Up 0.8 %

NASDAQ:COOP traded up $1.11 during trading hours on Friday, hitting $134.21. 2,713,854 shares of the stock traded hands, compared to its average volume of 531,353. The company has a market cap of $8.54 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. Mr. Cooper Group has a 1 year low of $74.49 and a 1 year high of $137.60. The stock has a 50 day moving average price of $108.62 and a 200 day moving average price of $99.90.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, beating analysts' consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. Equities analysts forecast that Mr. Cooper Group will post 13.17 earnings per share for the current fiscal 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.