781 Shares in The Cooper Companies, Inc. (NASDAQ:COO) Acquired by Brooklyn Investment Group

Brooklyn Investment Group acquired a new stake in The Cooper Companies, Inc. (NASDAQ:COO) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 781 shares of the medical device company’s stock, valued at approximately $86,000.

A number of other institutional investors have also recently made changes to their positions in COO. Point72 Asset Management L.P. lifted its holdings in Cooper Companies by 480.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 937,806 shares of the medical device company’s stock worth $81,870,000 after buying an additional 776,140 shares during the period. Victory Capital Management Inc. lifted its stake in Cooper Companies by 23.0% in the third quarter. Victory Capital Management Inc. now owns 3,950,119 shares of the medical device company’s stock worth $435,856,000 after acquiring an additional 737,726 shares during the period. Magnetar Financial LLC bought a new stake in Cooper Companies in the second quarter valued at $63,822,000. TD Asset Management Inc purchased a new position in Cooper Companies during the 2nd quarter valued at $53,045,000. Finally, Impax Asset Management Group plc increased its position in Cooper Companies by 31.0% during the 2nd quarter. Impax Asset Management Group plc now owns 2,359,798 shares of the medical device company’s stock valued at $205,511,000 after purchasing an additional 558,886 shares during the period. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Cooper Companies in a research report on Wednesday. Stifel Nicolaus reiterated a “buy” rating and set a $115.00 target price (up previously from $110.00) on shares of Cooper Companies in a report on Thursday, August 29th. Morgan Stanley increased their target price on Cooper Companies from $95.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. StockNews.com lowered Cooper Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird increased their price objective on Cooper Companies from $118.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $117.00.

Insiders Place Their Bets

In other news, CEO Albert G. White III sold 114,992 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $110.53, for a total transaction of $12,710,065.76. Following the transaction, the chief executive officer now owns 165,273 shares in the company, valued at $18,267,624.69. This represents a 41.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Brian G. Andrews sold 24,788 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $105.90, for a total value of $2,625,049.20. Following the completion of the transaction, the chief financial officer now owns 6,614 shares of the company’s stock, valued at $700,422.60. This trade represents a 78.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 256,373 shares of company stock worth $27,637,427 over the last 90 days. Company insiders own 2.00% of the company’s stock.

Cooper Companies Trading Up 0.8 %

NASDAQ COO opened at $103.43 on Friday. The Cooper Companies, Inc. has a 12 month low of $82.21 and a 12 month high of $112.38. The company’s 50-day moving average price is $105.45 and its 200-day moving average price is $98.48. The stock has a market cap of $20.60 billion, a PE ratio of 57.46, a PEG ratio of 2.21 and a beta of 0.99. The company has a current ratio of 1.99, a quick ratio of 1.18 and a debt-to-equity ratio of 0.33.

Cooper Companies (NASDAQ:COO) last issued its earnings results on Wednesday, August 28th. The medical device company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.05. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $997.30 million. Cooper Companies had a return on equity of 9.08% and a net margin of 9.45%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 EPS. Equities research analysts forecast that The Cooper Companies, Inc. will post 3.65 earnings per share for the current year.

Cooper Companies Profile

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.