Cooper Companies, Inc. (The) (COO) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in Cooper Companies, Inc. (The) (NYSE:COO) by 24.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 228,376 shares of the medical device company’s stock after selling 72,057 shares during the quarter. The Manufacturers Life Insurance Company owned 0.47% of Cooper Companies, Inc. (The) worth $54,677,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. YorkBridge Wealth Partners LLC boosted its holdings in shares of Cooper Companies, Inc. (The) by 2.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 531 shares of the medical device company’s stock worth $126,000 after buying an additional 11 shares during the last quarter. Acrospire Investment Management LLC boosted its holdings in shares of Cooper Companies, Inc. (The) by 50.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 600 shares of the medical device company’s stock worth $144,000 after buying an additional 200 shares during the last quarter. Archford Capital Strategies LLC boosted its holdings in shares of Cooper Companies, Inc. (The) by 116.7% in the 1st quarter. Archford Capital Strategies LLC now owns 674 shares of the medical device company’s stock worth $135,000 after buying an additional 363 shares during the last quarter. Visionary Asset Management Inc. purchased a new position in shares of Cooper Companies, Inc. (The) in the 2nd quarter worth about $201,000. Finally, Pacer Advisors Inc. boosted its holdings in shares of Cooper Companies, Inc. (The) by 3.8% in the 1st quarter. Pacer Advisors Inc. now owns 848 shares of the medical device company’s stock worth $170,000 after buying an additional 31 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

COO has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Cooper Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Monday, September 18th. KeyCorp reissued a “hold” rating on shares of Cooper Companies, Inc. (The) in a report on Monday, August 28th. Robert W. Baird reaffirmed a “buy” rating and set a $267.00 price objective (up from $251.00) on shares of Cooper Companies, Inc. (The) in a report on Sunday, September 3rd. BidaskClub downgraded shares of Cooper Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC set a $250.00 price objective on shares of Cooper Companies, Inc. (The) and gave the company a “buy” rating in a report on Thursday, August 17th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $261.11.

In other news, CEO Paul L. Remmell sold 9,294 shares of Cooper Companies, Inc. (The) stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $248.46, for a total transaction of $2,309,187.24. Following the transaction, the chief executive officer now directly owns 6,186 shares of the company’s stock, valued at approximately $1,536,973.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary S. Petersmeyer sold 3,977 shares of Cooper Companies, Inc. (The) stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $244.94, for a total value of $974,126.38. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: “Cooper Companies, Inc. (The) (COO) Shares Sold by The Manufacturers Life Insurance Company” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://www.com-unik.info/2017/10/11/cooper-companies-inc-the-coo-shares-sold-by-the-manufacturers-life-insurance-company.html.

Cooper Companies, Inc. (NYSE:COO) traded up 0.67% during midday trading on Wednesday, reaching $235.54. 80,816 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $242.36 and its 200-day moving average price is $230.16. The stock has a market cap of $11.53 billion, a PE ratio of 33.78 and a beta of 0.54. Cooper Companies, Inc. has a one year low of $158.73 and a one year high of $256.39.

Cooper Companies, Inc. (The) (NYSE:COO) last announced its earnings results on Thursday, August 31st. The medical device company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.06. The business had revenue of $556.00 million for the quarter, compared to analysts’ expectations of $552.32 million. Cooper Companies, Inc. (The) had a return on equity of 16.00% and a net margin of 16.45%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm posted $2.30 earnings per share. Equities analysts predict that Cooper Companies, Inc. will post $9.73 earnings per share for the current year.

Cooper Companies, Inc. (The) Profile

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)

What are top analysts saying about Cooper Companies Inc. (The)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Cooper Companies Inc. (The) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit