Korea Investment CORP Buys Shares of 8,700 Cooper Companies Inc (COO)

Korea Investment CORP acquired a new stake in shares of Cooper Companies Inc (NYSE:COO) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,700 shares of the medical device company’s stock, valued at approximately $1,739,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Cooper Companies by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,794 shares of the medical device company’s stock valued at $489,000 after buying an additional 10 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in shares of Cooper Companies by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,295 shares of the medical device company’s stock valued at $242,000 after buying an additional 55 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Cooper Companies by 2.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,252 shares of the medical device company’s stock valued at $398,000 after buying an additional 61 shares during the period. Creative Planning increased its stake in shares of Cooper Companies by 4.5% in the first quarter. Creative Planning now owns 1,893 shares of the medical device company’s stock valued at $378,000 after buying an additional 81 shares during the period. Finally, Brown Advisory Inc. increased its stake in shares of Cooper Companies by 10.3% in the fourth quarter. Brown Advisory Inc. now owns 2,794 shares of the medical device company’s stock valued at $488,000 after buying an additional 260 shares during the period. Hedge funds and other institutional investors own 97.44% of the company’s stock.

Institutional Ownership by Quarter for Cooper Companies (NYSE:COO)

Shares of Cooper Companies Inc (NYSE:COO) traded up 0.58% during trading on Friday, hitting $211.62. The stock had a trading volume of 58,693 shares. The stock has a 50 day moving average of $201.80 and a 200 day moving average of $187.52. Cooper Companies Inc has a 12 month low of $156.70 and a 12 month high of $212.10. The company has a market cap of $10.36 billion, a PE ratio of 34.87 and a beta of 0.56.

Cooper Companies (NYSE:COO) last announced its quarterly earnings results on Thursday, March 2nd. The medical device company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.06. The company had revenue of $499.10 million for the quarter, compared to the consensus estimate of $501.59 million. Cooper Companies had a return on equity of 15.38% and a net margin of 13.93%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $1.83 EPS. Equities analysts forecast that Cooper Companies Inc will post $9.26 EPS for the current fiscal year.

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A number of brokerages have issued reports on COO. Oppenheimer Holdings Inc. set a $203.00 price objective on Cooper Companies and gave the company a “hold” rating in a research note on Saturday, March 4th. Zacks Investment Research downgraded Cooper Companies from a “buy” rating to a “hold” rating in a research note on Monday, March 6th. BMO Capital Markets restated a “buy” rating on shares of Cooper Companies in a research note on Friday, March 3rd. Jefferies Group LLC upped their price target on Cooper Companies from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, March 3rd. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $220.00 price target on shares of Cooper Companies in a research report on Thursday, April 6th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Cooper Companies has a consensus rating of “Buy” and a consensus target price of $213.00.

In other Cooper Companies news, Director A Thomas Bender sold 1,500 shares of the stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $200.94, for a total transaction of $301,410.00. Following the sale, the director now directly owns 11,478 shares of the company’s stock, valued at approximately $2,306,389.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul L. Remmell sold 1,871 shares of the stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $201.40, for a total value of $376,819.40. Following the sale, the chief executive officer now directly owns 4,276 shares in the company, valued at $861,186.40. The disclosure for this sale can be found here. Insiders have sold a total of 22,698 shares of company stock worth $4,461,175 over the last ninety days. 1.60% of the stock is owned by insiders.

About Cooper Companies

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.

5 Day Chart for NYSE:COO

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