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

Mr. Cooper Group Inc. (NASDAQ:COOP) was the target of 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.

Wall Street Analyst Weigh In

COOP has been the topic of several research analyst reports. Barclays boosted their price objective on Mr. Cooper Group from $94.00 to $103.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods cut Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target on the stock. in a report on Monday, July 22nd. Wedbush increased their price objective on shares of Mr. Cooper Group from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Piper Sandler lifted their price objective on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.57.

Institutional Trading of Mr. Cooper Group

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC lifted its holdings in shares of Mr. Cooper Group by 35.9% in the 3rd quarter. SG Americas Securities LLC now owns 3,000 shares of the company’s stock valued at $277,000 after acquiring an additional 793 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Mr. Cooper Group in the 2nd quarter valued at approximately $626,000. Truist Financial Corp boosted its holdings in shares of Mr. Cooper Group by 1.6% in the 2nd quarter. Truist Financial Corp now owns 11,840 shares of the company’s stock worth $962,000 after purchasing an additional 187 shares during the period. Quarry LP bought a new position in shares of Mr. Cooper Group during the 2nd quarter valued at approximately $29,000. Finally, Creative Planning increased its position in shares of Mr. Cooper Group by 14.9% during the 2nd quarter. Creative Planning now owns 19,099 shares of the company’s stock valued at $1,551,000 after purchasing an additional 2,478 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors.

Mr. Cooper Group Trading Down 0.3 %

Shares of Mr. Cooper Group stock opened at $91.58 on Friday. The firm has a market cap of $5.93 billion, a PE ratio of 9.59 and a beta of 1.41. The stock has a 50 day moving average of $90.29 and a 200 day moving average of $84.06. Mr. Cooper Group has a 12 month low of $52.50 and a 12 month high of $96.00.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Thursday, July 25th. The company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.33 by $0.19. The firm had revenue of $583.00 million during the quarter, compared to analyst estimates of $552.09 million. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. Mr. Cooper Group’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $1.66 earnings per share. As a group, equities research analysts forecast that Mr. Cooper Group will post 9.86 earnings per share 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.