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

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. DLD Asset Management LP purchased a new position in Mr. Cooper Group during the first quarter valued at approximately $1,495,000. Strs Ohio bought a new position in shares of Mr. Cooper Group in the first quarter worth $849,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Mr. Cooper Group by 8.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,674 shares of the company’s stock worth $16,346,000 after purchasing an additional 11,097 shares during the period. Slotnik Capital LLC purchased a new stake in shares of Mr. Cooper Group in the first quarter worth $4,784,000. Finally, United Services Automobile Association bought a new stake in Mr. Cooper Group during the first quarter valued at $508,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citizens Jmp lowered shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Barclays raised their price target on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. UBS Group upped their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. Piper Sandler downgraded Mr. Cooper Group from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $125.00 to $143.00 in a research report on Friday, April 4th. Finally, Keefe, Bruyette & Woods boosted their target price on Mr. Cooper Group from $115.00 to $143.00 and gave the company a “market perform” rating in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Mr. Cooper Group presently has a consensus rating of “Moderate Buy” and an average target price of $131.14.

Mr. Cooper Group Trading Down 3.8%

COOP opened at $150.05 on Thursday. Mr. Cooper Group has a 12 month low of $78.20 and a 12 month high of $156.35. The company has a market cap of $9.60 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 0.45 and a beta of 1.03. The company has a 50 day moving average of $128.75 and a 200 day moving average of $113.13.

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

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.