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

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

Mr. Cooper Group Price Performance

NASDAQ COOP opened at $81.87 on Friday. Mr. Cooper Group has a 1 year low of $48.01 and a 1 year high of $85.17. The company has a market capitalization of $5.30 billion, a PE ratio of 8.57 and a beta of 1.38. The company has a fifty day moving average of $81.59 and a two-hundred day moving average of $74.05.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, April 24th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.17. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%. The company had revenue of $564.00 million during the quarter, compared to the consensus estimate of $498.15 million. On average, research analysts expect that Mr. Cooper Group will post 9.48 earnings per share for the current year.

Analyst Ratings Changes

COOP has been the topic of several research analyst reports. Barclays lifted their price objective on Mr. Cooper Group from $85.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Wedbush raised their target price on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $92.00 price target (up previously from $86.00) on shares of Mr. Cooper Group in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mr. Cooper Group from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, Jefferies Financial Group boosted their target price on Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, April 19th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Mr. Cooper Group currently has an average rating of “Moderate Buy” and a consensus target price of $85.13.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $78.79, for a total transaction of $1,969,750.00. Following the completion of the transaction, the chief executive officer now owns 309,631 shares in the company, valued at approximately $24,395,826.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $78.79, for a total transaction of $1,969,750.00. Following the sale, the chief executive officer now directly owns 309,631 shares in the company, valued at approximately $24,395,826.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael R. Rawls sold 27,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $82.18, for a total value of $2,218,860.00. Following the sale, the chief executive officer now owns 57,623 shares in the company, valued at $4,735,458.14. The disclosure for this sale can be found here. Insiders sold 77,000 shares of company stock worth $6,224,110 in the last 90 days. Insiders own 2.33% of the company’s stock.

Institutional Investors Weigh In On Mr. Cooper Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Boston Partners purchased a new position in Mr. Cooper Group during the first quarter worth about $1,336,000. Burney Co. raised its holdings in Mr. Cooper Group by 191.7% during the first quarter. Burney Co. now owns 122,546 shares of the company’s stock worth $9,552,000 after purchasing an additional 80,534 shares in the last quarter. EMC Capital Management raised its holdings in Mr. Cooper Group by 27.4% during the first quarter. EMC Capital Management now owns 6,015 shares of the company’s stock worth $469,000 after purchasing an additional 1,293 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Mr. Cooper Group by 2.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 10,521 shares of the company’s stock worth $820,000 after purchasing an additional 203 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Mr. Cooper Group by 49.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 65,805 shares of the company’s stock worth $5,130,000 after buying an additional 21,644 shares during the period. 89.82% of the stock is owned by hedge funds and other institutional investors.

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.