Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) saw some unusual options trading activity on Wednesday. Investors purchased 10,613 call options on the company. This represents an increase of 3,637% compared to the typical daily volume of 284 call options.
Insider Buying and Selling at Mr. Cooper Group
In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction 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 directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.33% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Mr. Cooper Group
Several large investors have recently added to or reduced their stakes in COOP. Private Advisor Group LLC purchased a new stake in Mr. Cooper Group in the 3rd quarter valued at about $344,000. First Trust Direct Indexing L.P. boosted its position in Mr. Cooper Group by 7.6% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,021 shares of the company's stock valued at $278,000 after buying an additional 213 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in Mr. Cooper Group in the 3rd quarter valued at about $52,000. Assetmark Inc. boosted its position in Mr. Cooper Group by 6.4% in the 3rd quarter. Assetmark Inc. now owns 11,127 shares of the company's stock valued at $1,026,000 after buying an additional 667 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in Mr. Cooper Group by 12.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,186 shares of the company's stock valued at $478,000 after buying an additional 591 shares during the period. 89.82% of the stock is owned by hedge funds and other institutional investors.
Mr. Cooper Group Trading Up 1.9 %
COOP stock opened at $110.37 on Thursday. Mr. Cooper Group has a 12 month low of $70.88 and a 12 month high of $114.05. The company has a 50-day moving average price of $102.91 and a 200 day moving average price of $97.05. The stock has a market cap of $7.02 billion, a PE ratio of 10.84, a P/E/G ratio of 0.32 and a beta of 1.49.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, topping 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%. Sell-side analysts forecast that Mr. Cooper Group will post 13.17 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on COOP. Citizens Jmp upgraded shares of Mr. Cooper Group to a "strong-buy" rating in a report on Tuesday, January 14th. Piper Sandler lifted their price objective on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. UBS Group lifted 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. Keefe, Bruyette & Woods lifted their price objective on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, February 13th. Finally, Barclays lifted their price objective on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $112.22.
Check Out Our Latest Analysis on COOP
About Mr. Cooper Group
(
Get Free Report)
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.
Further Reading
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