BARING ASSET MANAGEMENT Ltd Lowers Position in Cooper Companies, Inc. (The) (COO)

BARING ASSET MANAGEMENT Ltd trimmed its holdings in Cooper Companies, Inc. (The) (NYSE:COO) by 28.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,670 shares of the medical device company’s stock after selling 6,304 shares during the period. BARING ASSET MANAGEMENT Ltd’s holdings in Cooper Companies, Inc. (The) were worth $3,716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of COO. Advisory Services Network LLC boosted its stake in shares of Cooper Companies, Inc. (The) by 30.6% during the 2nd quarter. Advisory Services Network LLC now owns 457 shares of the medical device company’s stock worth $109,000 after purchasing an additional 107 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in shares of Cooper Companies, Inc. (The) by 2.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 531 shares of the medical device company’s stock worth $126,000 after acquiring an additional 11 shares during the period. Acrospire Investment Management LLC lifted its holdings in shares of Cooper Companies, Inc. (The) by 50.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 600 shares of the medical device company’s stock worth $144,000 after acquiring an additional 200 shares during the period. Visionary Asset Management Inc. purchased a new position in shares of Cooper Companies, Inc. (The) during the 2nd quarter worth about $201,000. Finally, Penserra Capital Management LLC lifted its holdings in shares of Cooper Companies, Inc. (The) by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 884 shares of the medical device company’s stock worth $211,000 after acquiring an additional 102 shares during the period. 95.26% of the stock is currently owned by hedge funds and other institutional investors.

Cooper Companies, Inc. (NYSE COO) traded down 1.05% on Tuesday, reaching $240.19. 54,102 shares of the company traded hands. The stock has a market capitalization of $11.76 billion, a price-to-earnings ratio of 34.45 and a beta of 0.54. Cooper Companies, Inc. has a 52-week low of $158.73 and a 52-week high of $256.39. The firm has a 50 day moving average price of $239.57 and a 200 day moving average price of $234.21.

Cooper Companies, Inc. (The) (NYSE:COO) last posted its earnings results on Thursday, August 31st. The medical device company reported $2.64 earnings per share for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $552.32 million. During the same period in the previous year, the company earned $2.30 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts predict that Cooper Companies, Inc. will post $9.73 EPS for the current year.

Several brokerages have recently weighed in on COO. Jefferies Group LLC reiterated a “buy” rating and set a $250.00 price objective on shares of Cooper Companies, Inc. (The) in a report on Thursday, July 6th. J P Morgan Chase & Co reiterated a “hold” rating and set a $235.00 price objective on shares of Cooper Companies, Inc. (The) in a report on Tuesday, September 12th. Oppenheimer Holdings, Inc. reiterated a “hold” rating and set a $250.00 price objective on shares of Cooper Companies, Inc. (The) in a report on Tuesday, September 12th. Robert W. Baird increased their price objective on shares of Cooper Companies, Inc. (The) from $239.00 to $251.00 and gave the stock an “outperform” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research lowered shares of Cooper Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Cooper Companies, Inc. (The) has a consensus rating of “Buy” and an average target price of $261.11.

In related news, Director Gary S. Petersmeyer sold 3,977 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $244.94, for a total value of $974,126.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.

TRADEMARK VIOLATION WARNING: “BARING ASSET MANAGEMENT Ltd Lowers Position in Cooper Companies, Inc. (The) (COO)” was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.com-unik.info/2017/10/31/baring-asset-management-ltd-lowers-position-in-cooper-companies-inc-the-coo.html.

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)

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