Mr. Cooper Group Inc (NASDAQ:COOP - Get Free Report) saw unusually large options trading on Wednesday. Stock traders acquired 10,613 call options on the stock. This represents an increase of 3,637% compared to the average volume of 284 call options.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on COOP. Piper Sandler cut Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their price target for the stock from $125.00 to $143.00 in a report on Friday, April 4th. Barclays upped their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods upped their target price on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a report on Tuesday, April 8th. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, UBS Group upped their target price on Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $131.14.
Check Out Our Latest Report on COOP
Mr. Cooper Group Stock Performance
Mr. Cooper Group stock opened at $150.05 on Thursday. The stock has a market capitalization of $9.60 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 0.45 and a beta of 1.03. Mr. Cooper Group has a 52-week low of $78.20 and a 52-week high of $156.35. The stock's 50 day moving average price is $128.75 and its two-hundred day moving average price is $113.13.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.81 by $0.16. The firm had revenue of $560.00 million for the quarter, compared to analysts' expectations of $620.57 million. Mr. Cooper Group had a return on equity of 15.27% and a net margin of 25.93%. The company's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.73 EPS. On average, equities research analysts forecast that Mr. Cooper Group will post 13.17 EPS for the current year.
Hedge Funds Weigh In On Mr. Cooper Group
A number of institutional investors and hedge funds have recently modified their holdings of COOP. First Horizon Advisors Inc. bought a new position in shares of Mr. Cooper Group in the 1st quarter worth $26,000. Picton Mahoney Asset Management lifted its holdings in shares of Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after purchasing an additional 95 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Mr. Cooper Group by 24.5% in the 1st quarter. Allworth Financial LP now owns 442 shares of the company's stock worth $51,000 after purchasing an additional 87 shares in the last quarter. USA Financial Formulas bought a new position in shares of Mr. Cooper Group in the 1st quarter worth $55,000. Finally, SVB Wealth LLC bought a new position in shares of Mr. Cooper Group in the 1st quarter worth $62,000. 89.82% of the stock is currently owned by institutional investors.
Mr. Cooper Group Company Profile
(
Get Free Report)
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.
Further Reading
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