Quantitative Investment Management LLC Grows Stake in Cooper Companies, Inc. (The) (COO)

Quantitative Investment Management LLC grew its position in Cooper Companies, Inc. (The) (NYSE:COO) by 66.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,600 shares of the medical device company’s stock after acquiring an additional 19,800 shares during the quarter. Quantitative Investment Management LLC owned about 0.10% of Cooper Companies, Inc. (The) worth $11,875,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC lifted its position in shares of Cooper Companies, Inc. (The) by 50.0% in the second quarter. Acrospire Investment Management LLC now owns 600 shares of the medical device company’s stock valued at $144,000 after acquiring an additional 200 shares in the last quarter. Archford Capital Strategies LLC increased its holdings in shares of Cooper Companies, Inc. (The) by 116.7% in the first quarter. Archford Capital Strategies LLC now owns 674 shares of the medical device company’s stock valued at $135,000 after purchasing an additional 363 shares during the last quarter. Penserra Capital Management LLC increased its holdings in shares of Cooper Companies, Inc. (The) by 9.5% in the first quarter. Penserra Capital Management LLC now owns 782 shares of the medical device company’s stock valued at $156,000 after purchasing an additional 68 shares during the last quarter. Visionary Asset Management Inc. acquired a new stake in shares of Cooper Companies, Inc. (The) in the second quarter valued at approximately $201,000. Finally, Pacer Advisors Inc. increased its holdings in shares of Cooper Companies, Inc. (The) by 3.8% in the first quarter. Pacer Advisors Inc. now owns 848 shares of the medical device company’s stock valued at $170,000 after purchasing an additional 31 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Cooper Companies, Inc. (NYSE:COO) opened at 236.11 on Thursday. The stock has a market capitalization of $11.56 billion, a price-to-earnings ratio of 33.86 and a beta of 0.59. Cooper Companies, Inc. has a 12-month low of $158.73 and a 12-month high of $256.39. The company has a 50-day moving average price of $245.08 and a 200-day moving average price of $225.59.

Cooper Companies, Inc. (The) (NYSE:COO) last announced its quarterly earnings results on Thursday, August 31st. The medical device company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.06. Cooper Companies, Inc. (The) had a return on equity of 16.00% and a net margin of 16.45%. The firm had revenue of $556.00 million during the quarter, compared to the consensus estimate of $552.32 million. During the same period in the prior year, the firm earned $2.30 EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that Cooper Companies, Inc. will post $9.72 earnings per share for the current year.

In other news, Director Gary S. Petersmeyer sold 3,977 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $244.94, for a total transaction of $974,126.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Randal Golden sold 1,621 shares of the firm’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $243.65, for a total value of $394,956.65. Following the sale, the vice president now owns 1,731 shares of the company’s stock, valued at $421,758.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,992 shares of company stock valued at $3,702,248. 1.60% of the stock is owned by insiders.

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Several equities research analysts recently commented on COO shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $255.00 price target on shares of Cooper Companies, Inc. (The) in a report on Thursday, July 13th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $250.00 price target on shares of Cooper Companies, Inc. (The) in a report on Thursday, July 6th. Zacks Investment Research raised Cooper Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $274.00 price target for the company in a report on Friday, June 23rd. Stifel Nicolaus increased their price target on Cooper Companies, Inc. (The) from $220.00 to $231.00 and gave the company a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub cut Cooper Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Cooper Companies, Inc. (The) currently has a consensus rating of “Buy” and a consensus target price of $257.60.

About Cooper Companies, Inc. (The)

The Cooper Companies, Inc is a global medical device company. The Company operates through two business units: CooperVision, Inc and CooperSurgical, Inc CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses.

Institutional Ownership by Quarter for Cooper Companies, Inc. (The) (NYSE:COO)

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