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

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

Wall Street Analysts Forecast Growth

COOP has been the subject of a number of analyst reports. Piper Sandler downgraded Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their price target for the company from $125.00 to $143.00 in a research note on Friday, April 4th. Barclays boosted their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods boosted their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research note on Tuesday, April 8th. UBS Group boosted their price target on Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Finally, Citizens Jmp downgraded Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and five have given 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 price target of $131.14.

Mr. Cooper Group Trading Down 1.5%

NASDAQ COOP traded down $2.27 during trading on Friday, hitting $149.22. 9,998,891 shares of the company's stock were exchanged, compared to its average volume of 700,167. The company has a market cap of $9.55 billion, a PE ratio of 16.96, a P/E/G ratio of 0.43 and a beta of 1.04. Mr. Cooper Group has a fifty-two week low of $78.20 and a fifty-two week high of $156.35. The stock's 50 day moving average price is $130.32 and its two-hundred day moving average price is $114.14.

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 for the quarter, beating analysts' consensus estimates of $2.81 by $0.16. Mr. Cooper Group had a net margin of 25.93% and a return on equity of 15.27%. The company had revenue of $560.00 million for the quarter, compared to the consensus estimate of $620.57 million. During the same period last year, the company posted $2.73 EPS. The firm's quarterly revenue was down .7% compared to the same quarter last year. Analysts forecast that Mr. Cooper Group will post 13.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mr. Cooper Group

A number of hedge funds have recently made changes to their positions in COOP. QRG Capital Management Inc. boosted its stake in shares of Mr. Cooper Group by 3.6% in the 4th quarter. QRG Capital Management Inc. now owns 7,644 shares of the company's stock valued at $734,000 after purchasing an additional 263 shares in the last quarter. Veridan Wealth LLC acquired a new stake in shares of Mr. Cooper Group in the 4th quarter valued at approximately $56,244,000. Williamson Legacy Group LLC boosted its stake in shares of Mr. Cooper Group by 1.1% in the 4th quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company's stock valued at $1,040,000 after purchasing an additional 118 shares in the last quarter. Sage Rhino Capital LLC acquired a new stake in shares of Mr. Cooper Group in the 4th quarter valued at approximately $201,000. Finally, Assetmark Inc. boosted its stake in shares of Mr. Cooper Group by 4.9% in the 4th quarter. Assetmark Inc. now owns 11,668 shares of the company's stock valued at $1,120,000 after purchasing an additional 541 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

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.