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

Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) saw unusually large options trading on Wednesday. Stock investors bought 10,613 call options on the stock. This is an increase of approximately 3,637% compared to the typical volume of 284 call options.

Mr. Cooper Group Stock Performance

COOP stock traded up $3.74 during midday trading on Thursday, reaching $146.52. 1,211,597 shares of the company traded hands, compared to its average volume of 642,701. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 0.32 and a beta of 1.03. The business has a 50 day moving average of $122.37 and a 200-day moving average of $109.74. Mr. Cooper Group has a 52-week low of $78.20 and a 52-week high of $147.09.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a report on Tuesday, April 8th. JMP Securities reissued a "market outperform" rating and set a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Barclays lifted their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Finally, UBS Group lifted their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $131.14.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of COOP. Invesco Ltd. boosted its holdings in Mr. Cooper Group by 11.8% during the 1st quarter. Invesco Ltd. now owns 2,013,536 shares of the company's stock valued at $240,819,000 after acquiring an additional 213,167 shares during the period. Wellington Management Group LLP grew its holdings in shares of Mr. Cooper Group by 43.1% in the fourth quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock worth $109,346,000 after purchasing an additional 343,243 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Mr. Cooper Group by 13.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company's stock worth $126,438,000 after buying an additional 129,414 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Mr. Cooper Group by 16.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock valued at $83,712,000 after buying an additional 125,897 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Mr. Cooper Group by 6.8% during the fourth quarter. Northern Trust Corp now owns 835,369 shares of the company's stock worth $80,204,000 after acquiring an additional 53,534 shares during the period. Hedge funds and other 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.