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

Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) was the target of some unusual options trading on Wednesday. Stock traders 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 Price Performance

NASDAQ COOP traded up $0.25 during trading hours on Thursday, hitting $97.95. The company's stock had a trading volume of 84,567 shares, compared to its average volume of 451,745. Mr. Cooper Group has a 12 month low of $56.64 and a 12 month high of $103.05. The company's 50 day simple moving average is $92.64 and its two-hundred day simple moving average is $87.58. The company has a market cap of $6.27 billion, a P/E ratio of 12.70 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.54 by $0.30. The company had revenue of $616.00 million during the quarter, compared to analyst estimates 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 was up 32.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.79 earnings per share. As a group, research analysts predict that Mr. Cooper Group will post 10.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on COOP. Barclays raised their target price on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Piper Sandler lifted their target price on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the company an "overweight" rating in a report on Friday, July 26th. Keefe, Bruyette & Woods downgraded Mr. Cooper Group from an "outperform" rating to a "market perform" rating and set a $95.00 price target on the stock. in a research note on Monday, July 22nd. Compass Point boosted their target price on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Wedbush restated an "outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $98.00.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the transaction, the chief executive officer now directly owns 818,821 shares in the company, valued at $72,391,964.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.33% of the company's stock.

Institutional Trading of Mr. Cooper Group

A number of hedge funds and other institutional investors have recently modified their holdings of COOP. Blue Trust Inc. grew its position in shares of Mr. Cooper Group by 77.1% during the second quarter. Blue Trust Inc. now owns 333 shares of the company's stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. CWM LLC boosted its position in shares of Mr. Cooper Group by 34.5% during the 2nd quarter. CWM LLC now owns 601 shares of the company's stock valued at $49,000 after acquiring an additional 154 shares during the last quarter. Aristeia Capital L.L.C. grew its holdings in shares of Mr. Cooper Group by 4.2% in the second quarter. Aristeia Capital L.L.C. now owns 4,197 shares of the company's stock valued at $341,000 after purchasing an additional 169 shares in the last quarter. Truist Financial Corp increased its position in Mr. Cooper Group by 1.6% in the second quarter. Truist Financial Corp now owns 11,840 shares of the company's stock worth $962,000 after purchasing an additional 187 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in Mr. Cooper Group by 2.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 10,521 shares of the company's stock worth $820,000 after purchasing an additional 203 shares during the last quarter. 89.82% of the stock is owned by hedge funds and other 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.