Cooper Companies Inc (COO) Position Lowered by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its position in shares of Cooper Companies Inc (NYSE:COO) by 10.8% in the third quarter, HoldingsChannel.com reports. The firm owned 66,206 shares of the medical device company’s stock after selling 8,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Cooper Companies were worth $18,349,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Trust N.A. purchased a new position in shares of Cooper Companies during the 3rd quarter worth about $214,000. Frontier Capital Management Co. LLC boosted its stake in shares of Cooper Companies by 18.0% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 825,561 shares of the medical device company’s stock worth $194,378,000 after purchasing an additional 126,101 shares during the period. Handelsinvest Investeringsforvaltning boosted its stake in shares of Cooper Companies by 23.1% during the 3rd quarter. Handelsinvest Investeringsforvaltning now owns 51,696 shares of the medical device company’s stock worth $14,327,000 after purchasing an additional 9,700 shares during the period. Andra AP fonden purchased a new position in shares of Cooper Companies during the 2nd quarter worth about $2,072,000. Finally, We Are One Seven LLC purchased a new position in shares of Cooper Companies during the 3rd quarter worth about $394,000.

In related news, VP Randal Golden sold 1,731 shares of Cooper Companies stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $275.86, for a total transaction of $477,513.66. Following the completion of the sale, the vice president now owns 1,154 shares in the company, valued at approximately $318,342.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Allan E. Rubenstein sold 1,500 shares of Cooper Companies stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $265.37, for a total transaction of $398,055.00. Following the sale, the director now owns 3,068 shares of the company’s stock, valued at approximately $814,155.16. The disclosure for this sale can be found here. Insiders have sold a total of 80,809 shares of company stock valued at $20,740,667 in the last quarter. 1.60% of the stock is currently owned by company insiders.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Cooper Companies from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Raymond James lifted their price target on shares of Cooper Companies from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, September 21st. Wells Fargo & Co lifted their price target on shares of Cooper Companies from $290.00 to $295.00 and gave the stock an “outperform” rating in a research note on Monday. ValuEngine raised shares of Cooper Companies from a “hold” rating to a “buy” rating in a research note on Thursday, September 27th. Finally, BMO Capital Markets lifted their price target on shares of Cooper Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 31st. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $276.22.

Shares of COO opened at $257.21 on Friday. Cooper Companies Inc has a 1-year low of $216.47 and a 1-year high of $280.10. The stock has a market cap of $12.53 billion, a P/E ratio of 26.52, a P/E/G ratio of 1.93 and a beta of 0.75. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.58 and a quick ratio of 1.54.

Cooper Companies (NYSE:COO) last announced its quarterly earnings data on Thursday, August 30th. The medical device company reported $3.00 earnings per share for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.07). Cooper Companies had a net margin of 5.23% and a return on equity of 17.53%. The company had revenue of $660.00 million for the quarter, compared to the consensus estimate of $653.44 million. Research analysts forecast that Cooper Companies Inc will post 11.61 EPS for the current fiscal year.

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

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