Log Out

Mr. Cooper Group Sees Unusually High Options Volume (NASDAQ:COOP)

Defense World · Sep 22, 2022 02:51

Mr. Cooper Group Inc. (NASDAQ:COOP – Get Rating) was the recipient 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 volume of 284 call options.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 46,000 shares of the firm's stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $40.23, for a total transaction of $1,850,580.00. Following the transaction, the chief executive officer now owns 608,767 shares in the company, valued at $24,490,696.41. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.59% of the company's stock.

Get Mr. Cooper Group alerts:

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Texas Permanent School Fund grew its holdings in Mr. Cooper Group by 0.6% in the 2nd quarter. Texas Permanent School Fund now owns 53,561 shares of the company's stock valued at $1,968,000 after buying an additional 302 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Mr. Cooper Group by 7.2% during the 1st quarter. Captrust Financial Advisors now owns 5,987 shares of the company's stock valued at $273,000 after acquiring an additional 401 shares during the period. Federated Hermes Inc. lifted its position in shares of Mr. Cooper Group by 91.5% during the 1st quarter. Federated Hermes Inc. now owns 879 shares of the company's stock valued at $40,000 after acquiring an additional 420 shares during the period. Cetera Advisor Networks LLC lifted its position in shares of Mr. Cooper Group by 10.9% during the 1st quarter. Cetera Advisor Networks LLC now owns 5,435 shares of the company's stock valued at $248,000 after acquiring an additional 533 shares during the period. Finally, Legend Financial Advisors Inc. lifted its position in shares of Mr. Cooper Group by 1.9% during the 1st quarter. Legend Financial Advisors Inc. now owns 29,754 shares of the company's stock valued at $1,225,000 after acquiring an additional 546 shares during the period. Institutional investors and hedge funds own 86.68% of the company's stock.

Mr. Cooper Group Stock Performance

NASDAQ COOP opened at $43.23 on Thursday. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 2.72 and a beta of 1.50. The stock's 50 day moving average price is $43.29 and its two-hundred day moving average price is $43.06. Mr. Cooper Group has a 52 week low of $35.81 and a 52 week high of $52.34.

Mr. Cooper Group (NASDAQ:COOP – Get Rating) last released its earnings results on Wednesday, July 27th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.02 by $0.15. The firm had revenue of $599.00 million for the quarter, compared to analysts' expectations of $434.70 million. Mr. Cooper Group had a return on equity of 11.01% and a net margin of 39.35%. On average, equities research analysts forecast that Mr. Cooper Group will post 2.84 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on COOP shares. Barclays cut their price objective on Mr. Cooper Group from $44.00 to $43.00 and set an "equal weight" rating on the stock in a report on Monday, July 11th. Credit Suisse Group cut their price objective on Mr. Cooper Group to $55.00 in a report on Friday, July 22nd. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.25.

Mr. Cooper Group Company Profile

(Get Rating)

Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related to single-family residences in the United States. The company operates through two segments: Servicing and Originations. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.