Sciencast Management LP Invests $225,000 in Cooper Companies, Inc. (The) (COO) Stock

Sciencast Management LP purchased a new position in Cooper Companies, Inc. (The) (NYSE:COO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 940 shares of the medical device company’s stock, valued at approximately $225,000.

A number of other institutional investors also recently made changes to their positions in COO. BlackRock Inc. increased its stake in Cooper Companies, Inc. (The) by 2,849.1% in the 1st quarter. BlackRock Inc. now owns 3,071,637 shares of the medical device company’s stock worth $613,991,000 after purchasing an additional 2,967,481 shares during the period. Janus Henderson Group PLC increased its stake in Cooper Companies, Inc. (The) by 558.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,175,791 shares of the medical device company’s stock worth $520,937,000 after purchasing an additional 1,845,368 shares during the period. Pioneer Investment Management Inc. increased its stake in Cooper Companies, Inc. (The) by 136.6% in the 2nd quarter. Pioneer Investment Management Inc. now owns 1,226,250 shares of the medical device company’s stock worth $293,589,000 after purchasing an additional 708,028 shares during the period. Janus Capital Management LLC increased its stake in Cooper Companies, Inc. (The) by 35.7% in the 1st quarter. Janus Capital Management LLC now owns 1,743,182 shares of the medical device company’s stock worth $348,441,000 after purchasing an additional 458,173 shares during the period. Finally, Voya Investment Management LLC increased its stake in Cooper Companies, Inc. (The) by 973.4% in the 2nd quarter. Voya Investment Management LLC now owns 329,015 shares of the medical device company’s stock worth $78,773,000 after purchasing an additional 298,363 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on COO shares. Jefferies Group LLC set a $250.00 target price on Cooper Companies, Inc. (The) and gave the company a “buy” rating in a research note on Thursday, August 17th. Cleveland Research reissued a “buy” rating on shares of Cooper Companies, Inc. (The) in a research note on Tuesday, August 22nd. Zacks Investment Research cut Cooper Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. BidaskClub cut Cooper Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Robert W. Baird reissued a “buy” rating and set a $251.00 target price on shares of Cooper Companies, Inc. (The) in a research note on Thursday, August 24th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $261.11.

Cooper Companies, Inc. (COO) opened at 234.93 on Wednesday. Cooper Companies, Inc. has a 1-year low of $158.73 and a 1-year high of $256.39. The stock has a market capitalization of $11.50 billion, a PE ratio of 33.69 and a beta of 0.54. The stock’s 50 day moving average price is $242.36 and its 200 day moving average price is $230.16.

Cooper Companies, Inc. (The) (NYSE:COO) last issued its quarterly earnings results on Thursday, August 31st. The medical device company reported $2.64 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $552.32 million. During the same period in the prior year, the business posted $2.30 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities research analysts predict that Cooper Companies, Inc. will post $9.73 earnings per share for the current fiscal year.

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In other Cooper Companies, Inc. (The) news, CEO Paul L. Remmell sold 9,294 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $1,536,973.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary S. Petersmeyer sold 3,977 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was 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. Company insiders own 1.60% of the company’s stock.

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.

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

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