Mr. Cooper Group Sees Unusually Large Options Volume (NASDAQ:COOP)

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

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $152.14, for a total value of $4,564,200.00. Following the completion of the transaction, the chief executive officer owned 693,187 shares in the company, valued at $105,461,470.18. This trade represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.73% of the stock is currently owned by corporate insiders.

Institutional Trading of Mr. Cooper Group

Large investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Mr. Cooper Group during the fourth quarter worth about $72,984,000. 140 Summer Partners LP acquired a new stake in shares of Mr. Cooper Group in the 4th quarter worth $69,959,000. Wellington Management Group LLP raised its position in Mr. Cooper Group by 43.1% during the fourth quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock worth $109,346,000 after acquiring an additional 343,243 shares during the last quarter. Cercano Management LLC grew its holdings in Mr. Cooper Group by 66.5% in the fourth quarter. Cercano Management LLC now owns 790,753 shares of the company's stock valued at $75,920,000 after purchasing an additional 315,801 shares during the period. Finally, GAMMA Investing LLC lifted its position in Mr. Cooper Group by 14,148.0% during the first quarter. GAMMA Investing LLC now owns 311,319 shares of the company's stock valued at $37,234,000 after buying an additional 309,134 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Trading Up 0.5%

Shares of NASDAQ:COOP traded up $0.75 during trading on Friday, reaching $157.13. 517,300 shares of the stock were exchanged, compared to its average volume of 999,979. Mr. Cooper Group has a 12 month low of $80.35 and a 12 month high of $178.89. The firm has a market cap of $10.05 billion, a PE ratio of 17.98, a PEG ratio of 0.51 and a beta of 1.05. The stock has a 50-day moving average price of $142.53 and a 200-day moving average price of $120.87.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing analysts' consensus estimates of $3.28 by ($0.15). Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%. The company had revenue of $608.00 million during the quarter, compared to the consensus estimate of $669.23 million. During the same period last year, the firm posted $3.10 EPS. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, sell-side analysts expect that Mr. Cooper Group will post 13.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on COOP shares. Jefferies Financial Group boosted their price objective on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a research report on Tuesday. UBS Group restated a "neutral" rating and issued a $156.00 price objective on shares of Mr. Cooper Group in a research report on Tuesday, July 15th. Barclays lifted their target price on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Citizens Jmp lowered shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods upped 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 research note on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $137.88.

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.