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

Mr. Cooper Group Inc. (NASDAQ:COOP) saw unusually large options trading on Wednesday. Traders bought 10,613 call options on the company. This is an increase of approximately 3,637% compared to the average daily volume of 284 call options.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods downgraded shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target for the company. in a research note on Monday, July 22nd. Wedbush lifted their target price on Mr. Cooper Group from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Piper Sandler increased their price target on Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Barclays raised their price objective on Mr. Cooper Group from $94.00 to $103.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.88.

Mr. Cooper Group Stock Up 0.0 %

Shares of COOP stock opened at $91.65 on Thursday. The firm has a 50 day moving average of $87.37 and a 200-day moving average of $81.44. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 9.60 and a beta of 1.41. Mr. Cooper Group has a 52 week low of $52.46 and a 52 week high of $95.74.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings results on Thursday, July 25th. The company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.19. The business had revenue of $583.00 million during the quarter, compared to analysts’ expectations of $552.09 million. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $1.66 earnings per share. Analysts anticipate that Mr. Cooper Group will post 9.86 earnings per share for the current year.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 259,631 shares of the company’s stock, valued at $21,011,936.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in COOP. Natixis Advisors L.P. boosted its stake in Mr. Cooper Group by 2.4% during the 4th quarter. Natixis Advisors L.P. now owns 19,065 shares of the company’s stock valued at $1,241,000 after purchasing an additional 449 shares during the last quarter. LSV Asset Management boosted its position in shares of Mr. Cooper Group by 30.8% during the fourth quarter. LSV Asset Management now owns 133,000 shares of the company’s stock valued at $8,661,000 after buying an additional 31,300 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Mr. Cooper Group by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 768,848 shares of the company’s stock worth $50,067,000 after buying an additional 37,823 shares in the last quarter. Counterpoint Mutual Funds LLC raised its position in Mr. Cooper Group by 49.9% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 6,134 shares of the company’s stock valued at $399,000 after buying an additional 2,041 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Mr. Cooper Group by 2.8% during the 4th quarter. Teacher Retirement System of Texas now owns 44,546 shares of the company’s stock valued at $2,901,000 after acquiring an additional 1,225 shares in the last quarter. Institutional investors 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.