Mr. Cooper Group Inc. (NASDAQ:COOP – Get Rating) saw some unusual options trading activity on Wednesday. Investors bought 10,613 call options on the company. This is an increase of 3,637% compared to the average volume of 284 call options.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Piper Sandler boosted their price target on Mr. Cooper Group from $63.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, November 10th. Wedbush reduced their price target on shares of Mr. Cooper Group from $60.00 to $55.00 in a research report on Thursday, October 27th. Compass Point lowered their price target on Mr. Cooper Group to $64.00 in a report on Tuesday, November 1st. Finally, Barclays lifted their price objective on Mr. Cooper Group from $40.00 to $41.00 in a report on Friday, January 6th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $55.80.
Get Mr. Cooper Group alerts:Mr. Cooper Group Trading Up 2.5 %
NASDAQ:COOP opened at $45.75 on Friday. Mr. Cooper Group has a 12-month low of $35.81 and a 12-month high of $52.34. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 3.23 and a beta of 1.45. The company's 50-day moving average is $42.77 and its two-hundred day moving average is $42.59.
Mr. Cooper Group (NASDAQ:COOP – Get Rating) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.08. The business had revenue of $510.00 million for the quarter, compared to analysts' expectations of $431.60 million. Mr. Cooper Group had a return on equity of 6.35% and a net margin of 38.66%. On average, equities research analysts forecast that Mr. Cooper Group will post 2.47 earnings per share for the current fiscal year.Insider Buying and Selling at Mr. Cooper Group
In other news, CEO Jesse K. Bray sold 21,000 shares of the stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of $39.78, for a total value of $835,380.00. Following the transaction, the chief executive officer now owns 697,291 shares in the company, valued at approximately $27,738,235.98. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.59% of the company's stock.
Hedge Funds Weigh In On Mr. Cooper Group
Several large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in Mr. Cooper Group by 12,377.0% in the 1st quarter. Wellington Management Group LLP now owns 1,841,226 shares of the company's stock valued at $84,089,000 after buying an additional 1,826,469 shares during the period. Vanguard Group Inc. grew its stake in shares of Mr. Cooper Group by 25.0% during the 1st quarter. Vanguard Group Inc. now owns 8,125,291 shares of the company's stock valued at $371,082,000 after buying an additional 1,622,582 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Mr. Cooper Group by 2,079.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,127,749 shares of the company's stock worth $45,257,000 after buying an additional 1,076,008 shares during the last quarter. Millennium Management LLC raised its position in shares of Mr. Cooper Group by 639.1% in the 2nd quarter. Millennium Management LLC now owns 1,127,666 shares of the company's stock worth $41,430,000 after buying an additional 975,097 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Mr. Cooper Group by 168.6% in the first quarter. Goldman Sachs Group Inc. now owns 792,565 shares of the company's stock valued at $36,197,000 after acquiring an additional 497,500 shares during the last quarter. 83.91% of the stock is currently owned by hedge funds and other institutional investors.
About Mr. Cooper Group
(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.
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