Mr. Cooper Group Target of Unusually Large Options Trading (NASDAQ:COOP)

Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) saw some unusual options trading activity on Wednesday. Traders 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.

Hedge Funds Weigh In On Mr. Cooper Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP increased its holdings in shares of Mr. Cooper Group by 24.5% in the first quarter. Allworth Financial LP now owns 442 shares of the company's stock valued at $51,000 after purchasing an additional 87 shares during the last quarter. Picton Mahoney Asset Management boosted its position in shares of Mr. Cooper Group by 41.3% in the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after acquiring an additional 95 shares during the period. Sage Rhino Capital LLC boosted its position in shares of Mr. Cooper Group by 4.7% in the first quarter. Sage Rhino Capital LLC now owns 2,187 shares of the company's stock valued at $262,000 after acquiring an additional 98 shares during the period. Penbrook Management LLC boosted its position in shares of Mr. Cooper Group by 0.6% in the first quarter. Penbrook Management LLC now owns 15,825 shares of the company's stock valued at $1,893,000 after acquiring an additional 100 shares during the period. Finally, Williamson Legacy Group LLC boosted its position in shares of Mr. Cooper Group by 1.1% in the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company's stock valued at $1,040,000 after acquiring an additional 118 shares during the period. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Piper Sandler downgraded shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their price objective for the company from $125.00 to $143.00 in a report on Friday, April 4th. Citizens Jmp downgraded shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods boosted 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. Barclays boosted their target price on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Finally, UBS Group boosted their target price on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $131.14.

Mr. Cooper Group Trading Down 2.3%

Shares of NASDAQ:COOP traded down $3.44 on Friday, hitting $143.08. The company had a trading volume of 529,606 shares, compared to its average volume of 645,545. Mr. Cooper Group has a 1-year low of $78.20 and a 1-year high of $147.13. The stock has a market cap of $9.15 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 0.32 and a beta of 1.03. The stock has a 50 day moving average price of $123.25 and a 200 day moving average price of $110.45.

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

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.