We Are One Seven LLC boosted its stake in shares of Cooper Companies Inc (NYSE:COO) by 76.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,265 shares of the medical device company’s stock after acquiring an additional 980 shares during the quarter. We Are One Seven LLC’s holdings in Cooper Companies were worth $670,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in COO. Essex Savings Bank acquired a new stake in Cooper Companies during the 4th quarter worth approximately $25,000. Certified Advisory Corp acquired a new stake in Cooper Companies during the 4th quarter worth approximately $25,000. Executive Wealth Management LLC acquired a new stake in Cooper Companies during the 4th quarter worth approximately $34,000. Financial Gravity Companies Inc. acquired a new stake in Cooper Companies during the 4th quarter worth approximately $46,000. Finally, Rehmann Capital Advisory Group grew its stake in shares of Cooper Companies by 24.3% during the 4th quarter. Rehmann Capital Advisory Group now owns 220 shares of the medical device company’s stock worth $56,000 after acquiring an additional 43 shares in the last quarter.
In related news, Director Gary S. Petersmeyer sold 799 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $286.88, for a total value of $229,217.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stanley Md Zinberg sold 740 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $290.03, for a total value of $214,622.20. Following the completion of the sale, the director now owns 17,421 shares in the company, valued at $5,052,612.63. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,030 shares of company stock worth $25,461,465. Company insiders own 1.70% of the company’s stock.
Cooper Companies stock traded down $0.93 during midday trading on Wednesday, reaching $288.05. The company’s stock had a trading volume of 564 shares, compared to its average volume of 326,006. The stock has a market cap of $14.60 billion, a PE ratio of 24.87, a P/E/G ratio of 2.29 and a beta of 0.88. The company has a quick ratio of 0.75, a current ratio of 1.27 and a debt-to-equity ratio of 0.49. Cooper Companies Inc has a 52 week low of $220.90 and a 52 week high of $302.36.
Cooper Companies (NYSE:COO) last released its quarterly earnings results on Tuesday, March 5th. The medical device company reported $2.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.38. The company had revenue of $628.10 million for the quarter, compared to analysts’ expectations of $618.50 million. Cooper Companies had a return on equity of 17.56% and a net margin of 14.22%. As a group, analysts expect that Cooper Companies Inc will post 12.01 earnings per share for the current year.
Several equities analysts have recently weighed in on COO shares. Goldman Sachs Group cut shares of Cooper Companies from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $233.00 to $221.00 in a research note on Friday, January 4th. William Blair reaffirmed an “outperform” rating on shares of Cooper Companies in a research note on Saturday, January 12th. Stephens raised shares of Cooper Companies from an “equal weight” rating to an “overweight” rating and set a $305.00 price target for the company in a research note on Friday, February 1st. Zacks Investment Research cut shares of Cooper Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $325.00 target price on shares of Cooper Companies in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. Cooper Companies presently has a consensus rating of “Buy” and a consensus price target of $307.90.
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Cooper Companies Company Profile
The Cooper Companies, Inc operates as a medical device company worldwide. It operates through CooperVision and CooperSurgical business units. The company develops, manufactures, and markets a range of contact lenses, including spherical lenses, and toric and multifocal lenses that correct near- and farsightedness, as well as addresses various complex visual defects, such as astigmatism and presbyopia.
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