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

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

Mr. Cooper Group Stock Down 2.6%

Shares of COOP stock traded down $3.39 on Friday, reaching $129.34. The stock had a trading volume of 675,013 shares, compared to its average volume of 618,993. Mr. Cooper Group has a 12 month low of $78.20 and a 12 month high of $138.35. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 0.32 and a beta of 1.06. The firm's 50-day moving average is $120.39 and its two-hundred day moving average is $107.78.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The firm had revenue of $560.00 million for the quarter, compared to analyst estimates of $620.57 million. During the same quarter in the prior year, the company earned $2.73 earnings per share. The business's revenue for the quarter was down .7% compared to the same quarter last year. On average, sell-side analysts forecast that Mr. Cooper Group will post 13.17 earnings per share for the current fiscal year.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the transaction, the chief executive officer now owns 698,821 shares of the company's stock, valued at $78,435,669.04. This represents a 4.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.73% of the stock is owned by insiders.

Institutional Trading of Mr. Cooper Group

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Mr. Cooper Group by 198.0% in the third quarter. Barclays PLC now owns 132,017 shares of the company's stock valued at $12,170,000 after acquiring an additional 87,712 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Mr. Cooper Group by 94.2% during the fourth quarter. Blue Trust Inc. now owns 1,111 shares of the company's stock worth $102,000 after purchasing an additional 539 shares during the period. KBC Group NV increased its holdings in shares of Mr. Cooper Group by 88.7% during the fourth quarter. KBC Group NV now owns 3,306 shares of the company's stock worth $317,000 after purchasing an additional 1,554 shares during the period. Penbrook Management LLC raised its position in shares of Mr. Cooper Group by 37.9% in the fourth quarter. Penbrook Management LLC now owns 15,725 shares of the company's stock valued at $1,510,000 after buying an additional 4,325 shares in the last quarter. Finally, Spire Wealth Management bought a new stake in shares of Mr. Cooper Group in the fourth quarter valued at approximately $1,480,000. 89.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on COOP. JMP Securities restated a "market outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th. Barclays increased their price objective on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Citizens Jmp downgraded Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and upped their target price for the stock from $125.00 to $143.00 in a report on Friday, April 4th. Finally, Keefe, Bruyette & Woods increased their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $131.14.

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.