Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) saw some unusual options trading on Wednesday. Stock traders acquired 10,613 call options on the company. This is an increase of approximately 3,637% compared to the typical volume of 284 call options.
Analyst Ratings Changes
A number of research analysts have commented on the company. JMP Securities reaffirmed a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. UBS Group upped their price target on Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods upped 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. Finally, Barclays upped their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $131.14.
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Mr. Cooper Group Stock Up 1.8%
Shares of NASDAQ:COOP traded up $2.29 during trading on Tuesday, hitting $131.66. The stock had a trading volume of 861,886 shares, compared to its average volume of 602,849. Mr. Cooper Group has a 12 month low of $78.20 and a 12 month high of $138.35. The company has a market capitalization of $8.42 billion, a PE ratio of 12.93, a PEG ratio of 0.32 and a beta of 1.06. The firm's fifty day moving average is $116.30 and its 200 day moving average is $106.05.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $620.57 million. During the same quarter in the prior year, the company earned $2.73 EPS. The business's revenue was down .7% compared to the same quarter last year. Equities research analysts expect that Mr. Cooper Group will post 13.17 EPS for the current fiscal year.
Insider Activity
In other news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $112.24, for a total value of $3,367,200.00. Following the completion of the sale, the chief executive officer now owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. The trade was a 4.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.73% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in COOP. First Horizon Advisors Inc. bought a new position in shares of Mr. Cooper Group in the 1st quarter worth approximately $26,000. Picton Mahoney Asset Management increased its position in Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after buying an additional 95 shares in the last quarter. Asset Planning Inc bought a new position in Mr. Cooper Group during the 4th quarter valued at approximately $48,000. Allworth Financial LP increased its position in Mr. Cooper Group by 24.5% during the 1st quarter. Allworth Financial LP now owns 442 shares of the company's stock valued at $51,000 after buying an additional 87 shares in the last quarter. Finally, USA Financial Formulas bought a new position in Mr. Cooper Group during the 1st quarter valued at approximately $55,000. Institutional investors own 89.82% of the company's stock.
Mr. Cooper Group Company Profile
(
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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.
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