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

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

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the business'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 directly owns 259,631 shares in the company, valued at approximately $21,011,936.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.33% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in COOP. Blue Trust Inc. boosted its holdings in Mr. Cooper Group by 77.1% during the second quarter. Blue Trust Inc. now owns 333 shares of the company's stock worth $26,000 after buying an additional 145 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Mr. Cooper Group by 8,275.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company's stock worth $27,000 after buying an additional 331 shares in the last quarter. Quarry LP bought a new stake in Mr. Cooper Group during the second quarter worth approximately $29,000. USA Financial Formulas bought a new stake in Mr. Cooper Group during the fourth quarter worth approximately $25,000. Finally, CWM LLC boosted its holdings in Mr. Cooper Group by 34.5% during the second quarter. CWM LLC now owns 601 shares of the company's stock worth $49,000 after buying an additional 154 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on COOP. Keefe, Bruyette & Woods downgraded Mr. Cooper Group from an "outperform" rating to a "market perform" rating and set a $95.00 price objective for the company. in a report on Monday, July 22nd. Barclays upped their price objective on shares of Mr. Cooper Group from $94.00 to $103.00 and gave the company an "overweight" rating in a research report on Friday, July 26th. Wedbush increased their price target on shares of Mr. Cooper Group from $100.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, July 26th. Piper Sandler increased their price target on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Mr. Cooper Group from $88.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, April 25th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.88.

Mr. Cooper Group Price Performance

Shares of NASDAQ COOP traded down $0.10 during mid-day trading on Thursday, reaching $90.63. 261,481 shares of the company traded hands, compared to its average volume of 447,963. Mr. Cooper Group has a fifty-two week low of $52.46 and a fifty-two week high of $95.74. The firm has a market cap of $5.87 billion, a PE ratio of 9.49 and a beta of 1.39. The stock has a fifty day simple moving average of $85.25 and a 200-day simple moving average of $79.94.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.52 EPS for the quarter, beating analysts' consensus estimates of $2.33 by $0.19. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. The business had revenue of $583.00 million for the quarter, compared to analyst estimates of $552.09 million. During the same quarter last year, the business earned $1.66 earnings per share. The business's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, analysts predict that Mr. Cooper Group will post 9.85 EPS for the current fiscal year.

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.