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

Mr. Cooper Group Inc (NASDAQ:COOP) was the target of some unusual options trading on Wednesday. Traders bought 10,613 call options on the company. This represents an increase of 3,637% compared to the typical volume of 284 call options.

Mr. Cooper Group Stock Up 1.0%

COOP stock opened at $151.49 on Friday. The stock has a market cap of $9.69 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 0.44 and a beta of 1.03. Mr. Cooper Group has a 52-week low of $78.20 and a 52-week high of $156.35. The business has a fifty day moving average of $129.56 and a two-hundred day moving average of $113.51.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.16. Mr. Cooper Group had a net margin of 25.93% and a return on equity of 15.27%. The company had revenue of $560.00 million during the quarter, compared to analyst estimates of $620.57 million. During the same quarter last year, the firm posted $2.73 earnings per share. Mr. Cooper Group’s revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mr. Cooper Group will post 13.17 EPS for the current year.

Institutional Trading of Mr. Cooper Group

Several institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. acquired a new position in Mr. Cooper Group during the first quarter worth $26,000. Picton Mahoney Asset Management lifted its stake in Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock worth $31,000 after acquiring an additional 95 shares in the last quarter. Allworth Financial LP lifted its stake in Mr. Cooper Group by 24.5% during the 1st quarter. Allworth Financial LP now owns 442 shares of the company’s stock worth $51,000 after acquiring an additional 87 shares in the last quarter. USA Financial Formulas purchased a new position in Mr. Cooper Group during the 1st quarter valued at about $55,000. Finally, SVB Wealth LLC purchased a new stake in Mr. Cooper Group during the first quarter worth about $62,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on COOP. Citizens Jmp cut Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. Barclays increased their price objective on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. UBS Group boosted 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. Piper Sandler cut Mr. Cooper Group from an “overweight” rating to a “neutral” rating and increased their price target for the company from $125.00 to $143.00 in a report on Friday, April 4th. Finally, Keefe, Bruyette & Woods boosted their price objective on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Mr. Cooper Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.14.

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.