Mr. Cooper Group Target of Unusually Large Options Trading (NASDAQ:COOP)

Mr. Cooper Group Inc. (NASDAQ:COOP) was the recipient of 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 Ratings Changes

Several research analysts have recently commented on COOP shares. Barclays lifted their price target on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Piper Sandler upped their target price on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Compass Point increased their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Wedbush reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $112.22.

Insider Activity at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the transaction, the chief executive officer now directly owns 758,821 shares in the company, valued at $71,700,996.29. The trade was a 3.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.33% of the stock is owned by corporate insiders.

Institutional Trading of Mr. Cooper Group

A number of large investors have recently bought and sold shares of COOP. Financial Management Professionals Inc. acquired a new position in Mr. Cooper Group in the third quarter valued at $30,000. Picton Mahoney Asset Management grew its holdings in shares of 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 during the last quarter. Harvest Fund Management Co. Ltd increased its position in Mr. Cooper Group by 152.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after acquiring an additional 270 shares during the period. Asset Planning Inc purchased a new stake in Mr. Cooper Group during the 4th quarter valued at approximately $48,000. Finally, ORG Partners LLC acquired a new stake in Mr. Cooper Group during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Stock Performance

COOP opened at $109.15 on Friday. Mr. Cooper Group has a one year low of $70.01 and a one year high of $109.72. The stock has a market capitalization of $6.98 billion, a P/E ratio of 10.72, a price-to-earnings-growth ratio of 0.32 and a beta of 1.43. The business’s 50-day simple moving average is $100.51 and its 200-day simple moving average is $95.55.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. On average, equities research analysts forecast that Mr. Cooper Group will post 13.17 EPS for the current fiscal year.

About Mr. Cooper Group

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.