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

Key Points

• Investors have shown heightened interest in Mr. Cooper Group, with a **3,637% increase** in call options traded, totaling **10,613 options** acquired.
• CEO **Jesse K. Bray** sold **30,000 shares** of the company at an average price of **$174.72**, resulting in a **4.33% decrease** in his ownership position.
• Several analysts have **upgraded** their price targets for Mr. Cooper Group, including Barclays raising it from **$147 to $156** and UBS setting a target of **$176**.

Mr. Cooper Group Inc (NASDAQ:COOP - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 10,613 call options on the company. Thisisanincreaseofapproximately3,637% compared to the typical volume of 284 call options.

Mr. Cooper Group Stock Performance

Shares of NASDAQ:COOP traded down $4.88 during trading on Thursday, hitting $185.88. The company's stock had a trading volume of 656,653 shares, compared to its average volume of 1,184,779. Mr. Cooper Group has a fifty-two week low of $83.80 and a fifty-two week high of $193.86. The stock's 50-day moving average price is $151.13 and its two-hundred day moving average price is $126.38. The company has a market capitalization of $11.89 billion, a PE ratio of 21.27 and a beta of 0.98.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on COOP. Piper Sandler upped their price target on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Barclays upped their target price on Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. UBS Group set a $176.00 target price on Mr. Cooper Group in a report on Tuesday. Finally, Jefferies Financial Group boosted their price target on Mr. Cooper Group from $110.00 to $150.00 and gave the stock a "hold" rating in a research report on Tuesday, July 22nd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Mr. Cooper Group presently has a consensus rating of "Hold" and a consensus price target of $140.38.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $174.72, for a total transaction of $5,241,600.00. Following the completion of the sale, the chief executive officer directly owned 663,187 shares in the company, valued at $115,872,032.64. The trade was a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.73% of the company's stock.

Institutional Trading of Mr. Cooper Group

Several institutional investors have recently added to or reduced their stakes in COOP. Vise Technologies Inc. bought a new stake in shares of Mr. Cooper Group in the 2nd quarter worth about $641,000. Illinois Municipal Retirement Fund grew its stake in Mr. Cooper Group by 20.3% in the second quarter. Illinois Municipal Retirement Fund now owns 43,030 shares of the company's stock worth $6,421,000 after purchasing an additional 7,251 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in Mr. Cooper Group during the second quarter worth $167,000. PFG Advisors boosted its holdings in Mr. Cooper Group by 2.8% in the second quarter. PFG Advisors now owns 10,876 shares of the company's stock worth $1,623,000 after purchasing an additional 294 shares during the period. Finally, Midwest Trust Co bought a new stake in Mr. Cooper Group during the second quarter valued at $576,000. 89.82% of the stock is 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.