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

Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) saw some unusual options trading on Wednesday. Stock traders purchased 10,613 call options on the company. This is an increase of 3,637% compared to the average daily volume of 284 call options.

Analysts Set New Price Targets

Several research firms have recently commented on COOP. Wedbush reaffirmed an "outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Compass Point boosted their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Barclays increased their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $100.57.

Mr. Cooper Group Price Performance

Mr. Cooper Group stock traded up $0.83 during mid-day trading on Thursday, reaching $95.75. 162,405 shares of the company were exchanged, compared to its average volume of 449,616. The company has a fifty day simple moving average of $95.43 and a 200-day simple moving average of $90.71. The firm has a market cap of $6.13 billion, a PE ratio of 12.37 and a beta of 1.41. Mr. Cooper Group has a 12 month low of $61.38 and a 12 month high of $103.05.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, beating analysts' consensus estimates of $2.54 by $0.30. The business had revenue of $616.00 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 32.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.79 earnings per share. Sell-side analysts anticipate that Mr. Cooper Group will post 10.16 earnings per share for the current year.

Insider Activity

In related news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $97.58, for a total value of $2,927,400.00. Following the transaction, the chief executive officer now owns 788,821 shares in the company, valued at approximately $76,973,153.18. This represents a 3.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.33% of the company's stock.

Institutional Trading of Mr. Cooper Group

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in Mr. Cooper Group by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company's stock valued at $84,471,000 after purchasing an additional 52,001 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Mr. Cooper Group during the 3rd quarter worth $2,537,000. Cynosure Group LLC acquired a new position in shares of Mr. Cooper Group during the 3rd quarter worth $730,000. FMR LLC lifted its position in shares of Mr. Cooper Group by 42.9% during the 3rd quarter. FMR LLC now owns 485,907 shares of the company's stock worth $44,791,000 after buying an additional 145,767 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in Mr. Cooper Group by 50.7% in the third quarter. Los Angeles Capital Management LLC now owns 32,592 shares of the company's stock valued at $3,004,000 after buying an additional 10,964 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company's stock.

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.