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

Mr. Cooper Group logo with Finance background

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Piper Sandler upped their price target on Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Barclays upped their price target on Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. UBS Group increased their target price on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods increased their target price on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.57.

Check Out Our Latest Research Report on Mr. Cooper Group

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $152.14, for a total transaction of $4,564,200.00. Following the completion of the transaction, the chief executive officer owned 693,187 shares of the company's stock, valued at approximately $105,461,470.18. The trade was a 4.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.73% of the company's stock.

Institutional Investors Weigh In On Mr. Cooper Group

A number of hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Mr. Cooper Group during the second quarter worth about $2,085,000. DLD Asset Management LP acquired a new stake in shares of Mr. Cooper Group during the first quarter worth about $1,495,000. Strs Ohio acquired a new stake in Mr. Cooper Group in the 1st quarter valued at approximately $849,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Mr. Cooper Group by 8.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,674 shares of the company's stock valued at $16,346,000 after buying an additional 11,097 shares during the last quarter. Finally, Slotnik Capital LLC acquired a new stake in Mr. Cooper Group in the 1st quarter valued at approximately $4,784,000. Institutional investors and hedge funds own 89.82% of the company's stock.

Mr. Cooper Group Stock Performance

COOP traded down $1.36 during midday trading on Friday, reaching $147.00. 713,383 shares of the company were exchanged, compared to its average volume of 727,705. Mr. Cooper Group has a one year low of $80.35 and a one year high of $158.00. The stock has a market capitalization of $9.41 billion, a P/E ratio of 16.70, a PEG ratio of 0.43 and a beta of 1.05. The stock's 50-day simple moving average is $137.01 and its 200 day simple moving average is $117.74.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 15.27% and a net margin of 25.93%. The firm had revenue of $560.00 million for the quarter, compared to analysts' expectations of $620.57 million. During the same quarter last year, the business earned $2.73 earnings per share. The company's revenue was down .7% compared to the same quarter last year. On average, research analysts anticipate that Mr. Cooper Group will post 13.17 earnings per share for the current year.

Mr. Cooper Group Company Profile

(Get Free Report)

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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