Investors Purchase Large Volume of Mr. Cooper Group Call Options (NASDAQ:COOP)

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

Mr. Cooper Group Stock Performance

Shares of NASDAQ:COOP traded up $0.04 during trading hours on Thursday, hitting $98.33. The stock had a trading volume of 322,888 shares, compared to its average volume of 502,669. The stock's fifty day simple moving average is $94.02 and its 200 day simple moving average is $88.80. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 12.70 and a beta of 1.40. Mr. Cooper Group has a 1-year low of $59.03 and a 1-year high of $103.05.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The firm had revenue of $616.00 million for the quarter, compared to analysts' expectations of $548.09 million. During the same period last year, the firm earned $2.79 EPS. The firm's revenue was up 32.8% compared to the same quarter last year. As a group, research analysts anticipate that Mr. Cooper Group will post 10.16 EPS for the current year.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the completion of the transaction, the chief executive officer now directly owns 818,821 shares in the company, valued at approximately $72,391,964.61. This represents a 3.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.33% of the company's stock.

Institutional Investors Weigh In On Mr. Cooper Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tidal Investments LLC acquired a new position in Mr. Cooper Group during the 3rd quarter valued at about $2,459,000. World Investment Advisors LLC acquired a new position in shares of Mr. Cooper Group during the third quarter valued at approximately $2,537,000. Sanctuary Advisors LLC raised its holdings in Mr. Cooper Group by 137.1% during the third quarter. Sanctuary Advisors LLC now owns 18,843 shares of the company's stock worth $1,873,000 after purchasing an additional 10,895 shares in the last quarter. Vestcor Inc bought a new stake in Mr. Cooper Group during the third quarter worth approximately $640,000. Finally, Barclays PLC lifted its position in Mr. Cooper Group by 198.0% in the third quarter. Barclays PLC now owns 132,017 shares of the company's stock worth $12,170,000 after purchasing an additional 87,712 shares during the period. 89.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

COOP has been the topic of a number of recent research reports. Barclays raised their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Wedbush restated an "outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Finally, Compass Point upped their target price on Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating 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's stock. Based on data from MarketBeat, Mr. Cooper Group has an average rating of "Moderate Buy" and a consensus price target of $98.00.

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.