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 activity on Wednesday. Traders purchased 10,613 call options on the stock. This is an increase of 3,637% compared to the typical daily volume of 284 call options.

Analyst Ratings Changes

A number of research analysts recently weighed in on COOP shares. JMP Securities began coverage on shares of Mr. Cooper Group in a report on Tuesday, January 14th. They issued an “outperform” rating and a $115.00 price objective for the company. Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. Piper Sandler lifted their price target on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Compass Point increased their target price on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Wedbush reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.13.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the transaction, the chief executive officer now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.33% of the company’s stock.

Institutional Investors Weigh In On Mr. Cooper Group

Several hedge funds have recently modified their holdings of COOP. Raymond James Financial Inc. purchased a new stake in shares of Mr. Cooper Group during the 4th quarter valued at about $4,081,000. Assetmark Inc. lifted its stake in shares of Mr. Cooper Group by 4.9% in the fourth quarter. Assetmark Inc. now owns 11,668 shares of the company’s stock worth $1,120,000 after acquiring an additional 541 shares in the last quarter. Sage Rhino Capital LLC purchased a new stake in Mr. Cooper Group during the 4th quarter worth approximately $201,000. Williamson Legacy Group LLC increased its stake in shares of Mr. Cooper Group by 1.1% in the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company’s stock worth $1,040,000 after buying an additional 118 shares during the last quarter. Finally, Veridan Wealth LLC bought a new stake in shares of Mr. Cooper Group in the 4th quarter worth about $56,244,000. 89.82% of the stock is owned by institutional investors and hedge funds.

Mr. Cooper Group Stock Up 0.8 %

COOP stock opened at $105.56 on Friday. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 0.30 and a beta of 1.43. Mr. Cooper Group has a 52-week low of $65.80 and a 52-week high of $107.85. The stock’s fifty day simple moving average is $98.26 and its 200-day simple moving average is $94.28.

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.