Aquatic Capital Management LLC Acquires New Position in The Cooper Companies, Inc. (NASDAQ:COO)

Aquatic Capital Management LLC bought a new position in The Cooper Companies, Inc. (NASDAQ:COO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 31,586 shares of the medical device company's stock, valued at approximately $2,904,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Byrne Asset Management LLC purchased a new position in Cooper Companies in the 4th quarter worth approximately $33,000. OFI Invest Asset Management purchased a new position in shares of Cooper Companies in the fourth quarter worth $34,000. New Age Alpha Advisors LLC bought a new position in shares of Cooper Companies during the fourth quarter valued at $38,000. Covestor Ltd boosted its position in shares of Cooper Companies by 35.5% during the fourth quarter. Covestor Ltd now owns 458 shares of the medical device company's stock valued at $42,000 after buying an additional 120 shares during the last quarter. Finally, West Financial Advisors LLC bought a new stake in Cooper Companies in the 4th quarter worth about $49,000. Institutional investors own 24.39% of the company's stock.

Cooper Companies Stock Down 2.0 %

COO stock opened at $80.89 on Monday. The business's 50-day moving average price is $82.13 and its 200-day moving average price is $92.59. The stock has a market cap of $16.18 billion, a P/E ratio of 41.48, a PEG ratio of 2.25 and a beta of 1.01. The company has a quick ratio of 1.12, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. The Cooper Companies, Inc. has a twelve month low of $69.81 and a twelve month high of $112.38.

Cooper Companies (NASDAQ:COO - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The medical device company reported $0.92 earnings per share for the quarter, hitting analysts' consensus estimates of $0.92. The business had revenue of $964.70 million during the quarter, compared to analyst estimates of $981.25 million. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. On average, equities research analysts forecast that The Cooper Companies, Inc. will post 3.98 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on COO shares. Piper Sandler reaffirmed an "overweight" rating and set a $115.00 price target (down previously from $120.00) on shares of Cooper Companies in a report on Friday, March 7th. Robert W. Baird cut their target price on shares of Cooper Companies from $117.00 to $107.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. Needham & Company LLC reiterated a "hold" rating on shares of Cooper Companies in a research note on Friday, March 7th. JPMorgan Chase & Co. dropped their price target on Cooper Companies from $120.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Finally, BNP Paribas raised Cooper Companies to a "hold" rating in a report on Thursday, March 13th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Cooper Companies currently has a consensus rating of "Moderate Buy" and an average price target of $110.25.

About Cooper Companies

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.

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