15 hours Ago By ABMN Staff
Mr. Cooper Group Inc. ( NASDAQ:COOP – Get Free Report ) was the target of some unusual options trading activity on Wednesday.
Investors acquired 10,613 call options on the stock. This is an increase of approximately 3,637% compared to the average volume of 284 call options. Insider Activity In other Mr.
Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $88.
41, for a total transaction of $2,652,300.00. Following the completion of the transaction, the chief executive officer now owns 818,821 shares in the company, valued at $72,391,964.
61. The trade was a 3.53 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . Insiders own 2.33% of the company’s stock.
Hedge Funds Weigh In On Mr. Cooper Group Several institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its position in Mr.
Cooper Group by 8,275.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company’s stock valued at $27,000 after acquiring an additional 331 shares in the last quarter.
Quarry LP purchased a new stake in shares of Mr. Cooper Group during the 2nd quarter worth $29,000. Financial Management Professionals Inc.
purchased a new stake in shares of Mr. Cooper Group during the 3rd quarter worth $30,000. Harvest Fund Management Co.
Ltd boosted its position in Mr. Cooper Group by 152.5% during the third quarter.
Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after purchasing an additional 270 shares in the last quarter. Finally, Harbor Capital Advisors Inc.
purchased a new position in Mr. Cooper Group in the third quarter valued at about $52,000. 89.
82% of the stock is owned by hedge funds and other institutional investors. Mr. Cooper Group Trading Up 1.
4 % Mr. Cooper Group ( NASDAQ:COOP – Get Free Report ) last issued its earnings results on Wednesday, October 23rd. The company reported $2.
84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.30.
Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.
77%. The company had revenue of $616.00 million for the quarter, compared to analysts’ expectations of $548.
09 million. During the same period in the prior year, the business earned $2.79 EPS.
The firm’s quarterly revenue was up 32.8% on a year-over-year basis. On average, equities research analysts predict that Mr.
Cooper Group will post 10.16 EPS for the current year. Analyst Ratings Changes COOP has been the topic of a number of recent analyst reports.
Wedbush reiterated an “outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, October 24th.
Compass Point upped their price target on shares of Mr. Cooper Group from $97.00 to $110.
00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Barclays lifted their price objective on shares of Mr. Cooper Group from $103.
00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company.
According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $100.57. Check Out Our Latest Research Report on COOP Mr.
Cooper Group Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for Mr. Cooper Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mr.
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