Traders Purchase Large Volume of Mr. Cooper Group Call Options (NASDAQ:COOP)

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Piper Sandler downgraded shares of 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 report on Friday, April 4th. Citizens Jmp cut shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. JMP Securities reaffirmed a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, February 13th. UBS Group boosted their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Finally, Barclays raised their target price 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 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.

Insider Activity

In related news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the transaction, the chief executive officer now owns 698,821 shares in the company, valued at $78,435,669.04. The trade was a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.33% of the company's stock.

Institutional Investors Weigh In On Mr. Cooper Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. bought a new position in shares of Mr. Cooper Group during the 1st quarter valued at about $26,000. Picton Mahoney Asset Management boosted its holdings in Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after buying an additional 95 shares in the last quarter. Asset Planning Inc bought a new stake in Mr. Cooper Group during the fourth quarter worth approximately $48,000. ORG Partners LLC acquired a new position in Mr. Cooper Group in the fourth quarter worth approximately $51,000. Finally, Allworth Financial LP increased its holdings in shares of Mr. Cooper Group by 24.5% in the first 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. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Price Performance

NASDAQ COOP opened at $119.01 on Thursday. Mr. Cooper Group has a 12 month low of $76.85 and a 12 month high of $137.60. The firm has a market capitalization of $7.61 billion, a PE ratio of 11.69, a P/E/G ratio of 0.32 and a beta of 1.17. The company's 50 day simple moving average is $111.76 and its 200 day simple moving average is $102.93.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.16. The company 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 14.76% and a net margin of 30.07%. The firm's revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $2.73 EPS. Sell-side analysts anticipate that Mr. Cooper Group will post 13.17 earnings per share for the current fiscal year.

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.

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