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

Impact Capital Partners LLC acquired a new stake in The Cooper Companies, Inc. (NASDAQ:COO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,064 shares of the medical device company's stock, valued at approximately $741,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of COO. Ashton Thomas Securities LLC acquired a new stake in shares of Cooper Companies during the 3rd quarter worth approximately $25,000. Byrne Asset Management LLC acquired a new stake in Cooper Companies in the 4th quarter valued at $33,000. OFI Invest Asset Management acquired a new stake in Cooper Companies in the 4th quarter valued at $34,000. Covestor Ltd grew its stake in Cooper Companies by 144.9% in the 3rd quarter. Covestor Ltd now owns 338 shares of the medical device company's stock valued at $37,000 after acquiring an additional 200 shares during the period. Finally, Brown Brothers Harriman & Co. grew its stake in Cooper Companies by 191.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 419 shares of the medical device company's stock valued at $46,000 after acquiring an additional 275 shares during the period. 24.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COO has been the topic of a number of research reports. Wells Fargo & Company raised their price objective on Cooper Companies from $115.00 to $118.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Needham & Company LLC restated a "hold" rating on shares of Cooper Companies in a report on Friday, March 7th. Morgan Stanley reduced their price target on Cooper Companies from $104.00 to $102.00 and set an "equal weight" rating on the stock in a report on Friday, December 6th. Citigroup dropped their target price on Cooper Companies from $115.00 to $110.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Finally, Stifel Nicolaus decreased their target price on Cooper Companies from $115.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $111.89.

Remove Ads

Cooper Companies Trading Down 2.4 %

Shares of NASDAQ COO opened at $79.07 on Thursday. The stock's 50 day simple moving average is $91.67 and its 200 day simple moving average is $99.11. The company has a current ratio of 1.91, a quick ratio of 1.12 and a debt-to-equity ratio of 0.32. The company has a market cap of $15.78 billion, a price-to-earnings ratio of 40.55, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02. The Cooper Companies, Inc. has a 12-month low of $78.43 and a 12-month high of $112.38.

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

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.

Want to see what other hedge funds are holding COO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Cooper Companies, Inc. (NASDAQ:COO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.