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

Mr. Cooper Group Inc. (NASDAQ:COOP) saw unusually large options trading on Wednesday. Traders bought 10,613 call options on the company. This is an increase of approximately 3,637% compared to the average daily volume of 284 call options.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the sale, the chief executive officer now directly owns 758,821 shares of the company’s stock, valued at approximately $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 through this hyperlink. In the last quarter, insiders sold 90,000 shares of company stock valued at $8,414,400. Corporate insiders own 2.33% of the company’s stock.

Institutional Trading of Mr. Cooper Group

A number of institutional investors have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Mr. Cooper Group by 9,175.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company’s stock valued at $472,000 after purchasing an additional 4,863 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Mr. Cooper Group by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock worth $84,471,000 after purchasing an additional 52,001 shares in the last quarter. Cynosure Group LLC acquired a new position in Mr. Cooper Group in the third quarter valued at approximately $730,000. World Investment Advisors LLC bought a new position in shares of Mr. Cooper Group during the 3rd quarter worth approximately $2,537,000. Finally, FMR LLC increased its stake in shares of Mr. Cooper Group by 42.9% in the 3rd quarter. FMR LLC now owns 485,907 shares of the company’s stock valued at $44,791,000 after acquiring an additional 145,767 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Price Performance

Mr. Cooper Group stock opened at $102.64 on Thursday. The firm has a market cap of $6.57 billion, a P/E ratio of 13.26, a P/E/G ratio of 0.30 and a beta of 1.43. The stock’s 50 day moving average is $96.77 and its 200 day moving average is $92.82. Mr. Cooper Group has a one year low of $64.35 and a one year high of $105.00.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.30. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The company had revenue of $616.00 million for the quarter, compared to analyst estimates of $548.09 million. During the same period in the prior year, the firm posted $2.79 EPS. The company’s quarterly revenue was up 32.8% on a year-over-year basis. Equities analysts anticipate that Mr. Cooper Group will post 10.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

COOP has been the topic of a number of research reports. Compass Point boosted their target price on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. JMP Securities initiated coverage on Mr. Cooper Group in a research report on Tuesday, January 14th. They set an “outperform” rating and a $115.00 price objective on the stock. Barclays upped their target price on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.13.

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.