Mr. Cooper Group Inc. (NASDAQ:COOP – Get Rating) was the recipient of some unusual options trading on Wednesday. Traders acquired 10,613 call options on the company. This is an increase of 3,637% compared to the typical daily volume of 284 call options.
Insider Activity
In related news, CEO Jesse K. Bray sold 21,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $47.08, for a total value of $988,680.00. Following the transaction, the chief executive officer now directly owns 652,371 shares of the company’s stock, valued at approximately $30,713,626.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 63,000 shares of company stock valued at $2,752,470 in the last ninety days. Corporate insiders own 2.59% of the company’s stock.
Hedge Funds Weigh In On Mr. Cooper Group
Several large investors have recently modified their holdings of COOP. Federated Hermes Inc. increased its position in shares of Mr. Cooper Group by 55.1% during the 3rd quarter. Federated Hermes Inc. now owns 752 shares of the company’s stock valued at $30,000 after purchasing an additional 267 shares during the last quarter. Point72 Middle East FZE bought a new position in shares of Mr. Cooper Group during the 4th quarter valued at approximately $38,000. Public Employees Retirement System of Ohio increased its position in shares of Mr. Cooper Group by 54.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 986 shares of the company’s stock valued at $40,000 after purchasing an additional 349 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Mr. Cooper Group by 843.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,368 shares of the company’s stock valued at $55,000 after purchasing an additional 1,223 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Mr. Cooper Group by 430.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,097 shares of the company’s stock valued at $85,000 after purchasing an additional 1,702 shares during the last quarter. Institutional investors own 83.91% of the company’s stock.
Mr. Cooper Group Stock Performance
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Wedbush reissued an “outperform” rating on shares of Mr. Cooper Group in a report on Monday, February 13th. Barclays upped their price objective on Mr. Cooper Group from $41.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, February 13th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $57.00 price objective on shares of Mr. Cooper Group in a report on Monday, February 13th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Mr. Cooper Group has a consensus rating of “Moderate Buy” and a consensus target price of $57.60.
About Mr. Cooper Group
Mr. Cooper Group, Inc engages in the provision of residential loan services. It operated through the following segments: Servicing, and Originations. The Servicing segment consists of collecting loan payments, remitting principal and interest payments to investors, managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance, performing loss mitigation activities on behalf of investors and otherwise administering mortgage loan servicing portfolio.
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