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

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

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the sale, the chief executive officer now directly owns 788,821 shares in the company, valued at approximately $76,973,153.18. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 90,000 shares of company stock worth $8,414,400. 2.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mr. Cooper Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Penbrook Management LLC increased its position in Mr. Cooper Group by 37.9% in the 4th quarter. Penbrook Management LLC now owns 15,725 shares of the company’s stock valued at $1,510,000 after acquiring an additional 4,325 shares in the last quarter. KBC Group NV boosted its stake in shares of Mr. Cooper Group by 88.7% in the 4th quarter. KBC Group NV now owns 3,306 shares of the company’s stock valued at $317,000 after purchasing an additional 1,554 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Mr. Cooper Group by 94.2% in the 4th quarter. Blue Trust Inc. now owns 1,111 shares of the company’s stock valued at $102,000 after purchasing an additional 539 shares during the last quarter. CX Institutional boosted its stake in shares of Mr. Cooper Group by 3.7% in the 4th quarter. CX Institutional now owns 16,211 shares of the company’s stock valued at $1,556,000 after purchasing an additional 579 shares during the last quarter. Finally, Dakota Wealth Management boosted its stake in shares of Mr. Cooper Group by 0.7% in the 4th quarter. Dakota Wealth Management now owns 27,695 shares of the company’s stock valued at $2,659,000 after purchasing an additional 181 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Stock Up 0.2 %

Shares of Mr. Cooper Group stock opened at $102.87 on Friday. The stock has a market capitalization of $6.58 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 0.30 and a beta of 1.43. The company has a 50-day simple moving average of $96.89 and a 200 day simple moving average of $92.89. Mr. Cooper Group has a 12-month low of $64.35 and a 12-month high of $105.00.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. JMP Securities assumed coverage on shares of Mr. Cooper Group in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $115.00 target price on the stock. Piper Sandler lifted 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 report on Wednesday. Barclays boosted their price objective on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. 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 research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Mr. Cooper Group presently has an average rating of “Moderate Buy” and an average target price of $104.13.

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.