State of Tennessee Department of Treasury Sells 4,650 Shares of The Cooper Companies, Inc. (NASDAQ:COO)

State of Tennessee Department of Treasury lowered its position in The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,822 shares of the medical device company's stock after selling 4,650 shares during the quarter. State of Tennessee Department of Treasury owned 0.06% of Cooper Companies worth $10,831,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Cooper Companies by 0.7% in the third quarter. Barclays PLC now owns 462,947 shares of the medical device company's stock valued at $51,082,000 after purchasing an additional 3,070 shares during the period. Anchor Investment Management LLC boosted its position in Cooper Companies by 1,029.2% during the 3rd quarter. Anchor Investment Management LLC now owns 1,084 shares of the medical device company's stock worth $120,000 after purchasing an additional 988 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Cooper Companies in the third quarter valued at about $1,150,000. Tidal Investments LLC raised its stake in shares of Cooper Companies by 7.8% during the third quarter. Tidal Investments LLC now owns 14,369 shares of the medical device company's stock valued at $1,585,000 after purchasing an additional 1,043 shares during the period. Finally, Synovus Financial Corp lifted its holdings in Cooper Companies by 18.8% in the 3rd quarter. Synovus Financial Corp now owns 31,568 shares of the medical device company's stock worth $3,483,000 after buying an additional 4,987 shares in the last quarter. Institutional investors and hedge funds own 24.39% of the company's stock.

Cooper Companies Stock Up 0.8 %

NASDAQ COO traded up $0.66 during trading on Tuesday, reaching $82.51. The company's stock had a trading volume of 447,339 shares, compared to its average volume of 1,421,323. 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 stock has a market capitalization of $16.50 billion, a PE ratio of 42.29, a PEG ratio of 2.25 and a beta of 1.01. The Cooper Companies, Inc. has a 1-year low of $69.81 and a 1-year high of $112.38. The business has a 50-day moving average price of $82.04 and a 200-day moving average price of $92.41.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Robert W. Baird cut their price objective on Cooper Companies from $117.00 to $107.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Needham & Company LLC restated a "hold" rating on shares of Cooper Companies in a research report on Friday, March 7th. Stifel Nicolaus decreased their price target on shares of Cooper Companies from $115.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. BNP Paribas raised Cooper Companies to a "hold" rating in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. decreased their price objective on Cooper Companies from $120.00 to $110.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $110.25.

Cooper Companies 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.