The Cooper Companies, Inc. (NASDAQ:COO) Shares Purchased by Townsquare Capital LLC

Townsquare Capital LLC raised its holdings in The Cooper Companies, Inc. (NASDAQ:COO) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,930 shares of the medical device company’s stock after buying an additional 3,552 shares during the period. Townsquare Capital LLC’s holdings in Cooper Companies were worth $11,799,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Quent Capital LLC boosted its holdings in shares of Cooper Companies by 300.0% in the 1st quarter. Quent Capital LLC now owns 828 shares of the medical device company’s stock valued at $84,000 after buying an additional 621 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Cooper Companies by 207.6% during the first quarter. Lazard Asset Management LLC now owns 4,759 shares of the medical device company’s stock worth $482,000 after purchasing an additional 3,212 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Cooper Companies by 302.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 283,380 shares of the medical device company’s stock valued at $28,753,000 after purchasing an additional 212,908 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of Cooper Companies by 84.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,187 shares of the medical device company’s stock valued at $120,000 after purchasing an additional 544 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of Cooper Companies by 303.4% in the 1st quarter. California State Teachers Retirement System now owns 317,792 shares of the medical device company’s stock valued at $32,243,000 after purchasing an additional 239,005 shares during the period. 24.39% of the stock is owned by hedge funds and other institutional investors.

Cooper Companies Trading Up 0.8 %

NASDAQ COO opened at $103.43 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.99 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $20.60 billion, a P/E ratio of 57.46, a P/E/G ratio of 2.21 and a beta of 0.99. The Cooper Companies, Inc. has a 52-week low of $82.21 and a 52-week high of $112.38. The firm has a 50-day moving average price of $105.59 and a 200 day moving average price of $98.45.

Cooper Companies (NASDAQ:COO) last issued its earnings results on Wednesday, August 28th. The medical device company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.05. Cooper Companies had a return on equity of 9.08% and a net margin of 9.45%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $997.30 million. During the same period in the prior year, the business posted $0.84 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts expect that The Cooper Companies, Inc. will post 3.65 EPS for the current year.

Insider Buying and Selling

In other Cooper Companies news, CAO Agostino Ricupati sold 1,601 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $108.03, for a total transaction of $172,956.03. Following the transaction, the chief accounting officer now directly owns 4,818 shares in the company, valued at approximately $520,488.54. This represents a 24.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Daniel G. Mcbride sold 114,992 shares of Cooper Companies stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $105.48, for a total transaction of $12,129,356.16. Following the sale, the chief operating officer now owns 44,696 shares of the company’s stock, valued at approximately $4,714,534.08. The trade was a 72.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 256,373 shares of company stock valued at $27,637,427 over the last quarter. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

COO has been the subject of a number of research reports. Morgan Stanley boosted their price objective on Cooper Companies from $95.00 to $104.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Piper Sandler increased their price target on shares of Cooper Companies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Wells Fargo & Company raised their price objective on shares of Cooper Companies from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $115.00 target price (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 Wednesday. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $117.00.

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.