Polar Asset Management Partners Inc. Purchases Shares of 13,300 The Cooper Companies, Inc. (NASDAQ:COO)

Polar Asset Management Partners Inc. acquired a new stake in The Cooper Companies, Inc. (NASDAQ:COO - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,300 shares of the medical device company's stock, valued at approximately $1,468,000.

A number of other hedge funds have also recently modified their holdings of COO. Point72 Asset Management L.P. increased its holdings in Cooper Companies by 480.1% in the second quarter. Point72 Asset Management L.P. now owns 937,806 shares of the medical device company's stock valued at $81,870,000 after buying an additional 776,140 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Cooper Companies by 23.0% in the 3rd quarter. Victory Capital Management Inc. now owns 3,950,119 shares of the medical device company's stock worth $435,856,000 after purchasing an additional 737,726 shares during the period. Magnetar Financial LLC purchased a new position in Cooper Companies during the second quarter worth approximately $63,822,000. TD Asset Management Inc acquired a new stake in Cooper Companies in the second quarter valued at approximately $53,045,000. Finally, Impax Asset Management Group plc increased its position in shares of Cooper Companies by 31.0% in the second quarter. Impax Asset Management Group plc now owns 2,359,798 shares of the medical device company's stock valued at $205,511,000 after buying an additional 558,886 shares in the last quarter. Hedge funds and other institutional investors own 24.39% of the company's stock.

Cooper Companies Trading Down 4.4 %

Shares of COO stock traded down $4.53 on Friday, hitting $98.70. 3,694,024 shares of the stock traded hands, compared to its average volume of 1,154,534. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.18 and a current ratio of 1.99. The Cooper Companies, Inc. has a twelve month low of $82.69 and a twelve month high of $112.38. The firm's 50-day moving average price is $104.72 and its two-hundred day moving average price is $98.77. The stock has a market capitalization of $19.66 billion, a PE ratio of 55.03, a PEG ratio of 2.24 and a beta of 0.97.

Cooper Companies (NASDAQ:COO - Get Free Report) last posted its earnings results on Thursday, December 5th. The medical device company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. Cooper Companies had a net margin of 9.45% and a return on equity of 9.08%. Cooper Companies's revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.87 EPS. As a group, analysts anticipate that The Cooper Companies, Inc. will post 3.65 EPS for the current year.

Analyst Upgrades and Downgrades

COO has been the topic of a number of research analyst reports. Piper Sandler lifted their price target on shares of Cooper Companies from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, August 29th. Citigroup cut their target price on shares of Cooper Companies from $116.00 to $115.00 and set a "buy" rating for the company in a research note on Friday. StockNews.com raised shares of Cooper Companies from a "hold" rating to a "buy" rating in a research note on Tuesday. Stifel Nicolaus reiterated a "buy" rating and issued a $115.00 price objective (up from $110.00) on shares of Cooper Companies in a report on Thursday, August 29th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Cooper Companies in a report on Friday. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.00.

Insider Buying and Selling

In other Cooper Companies news, CAO Agostino Ricupati sold 1,601 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $108.03, for a total value of $172,956.03. Following the sale, the chief accounting officer now owns 4,818 shares of the company's stock, valued at $520,488.54. The trade was a 24.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Albert G. White III sold 114,992 shares of the firm's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $110.53, for a total value of $12,710,065.76. Following the transaction, the chief executive officer now owns 165,273 shares of the company's stock, valued at approximately $18,267,624.69. This represents a 41.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Cooper Companies Company Profile

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.