Caxton Associates LP Buys New Stake in Cooper Companies, Inc. (The) (COO)

Caxton Associates LP bought a new position in shares of Cooper Companies, Inc. (The) (NYSE:COO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,400 shares of the medical device company’s stock, valued at approximately $575,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. YorkBridge Wealth Partners LLC raised its position in Cooper Companies, Inc. (The) by 2.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 531 shares of the medical device company’s stock worth $126,000 after acquiring an additional 11 shares during the last quarter. Acrospire Investment Management LLC raised its position in Cooper Companies, Inc. (The) by 50.0% during the second quarter. Acrospire Investment Management LLC now owns 600 shares of the medical device company’s stock worth $144,000 after acquiring an additional 200 shares during the last quarter. Archford Capital Strategies LLC raised its position in Cooper Companies, Inc. (The) by 116.7% during the first quarter. Archford Capital Strategies LLC now owns 674 shares of the medical device company’s stock worth $135,000 after acquiring an additional 363 shares during the last quarter. Visionary Asset Management Inc. acquired a new position in Cooper Companies, Inc. (The) during the second quarter worth about $201,000. Finally, Pacer Advisors Inc. raised its position in Cooper Companies, Inc. (The) by 3.8% during the first quarter. Pacer Advisors Inc. now owns 848 shares of the medical device company’s stock worth $170,000 after acquiring an additional 31 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

In other Cooper Companies, Inc. (The) news, CEO Paul L. Remmell sold 9,294 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $248.46, for a total transaction of $2,309,187.24. Following the completion of the sale, the chief executive officer now directly owns 6,186 shares of the company’s stock, valued at $1,536,973.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary S. Petersmeyer sold 3,977 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $244.94, for a total transaction of $974,126.38. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

A number of equities analysts have issued reports on COO shares. Zacks Investment Research cut shares of Cooper Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Piper Jaffray Companies lifted their target price on shares of Cooper Companies, Inc. (The) from $265.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, September 1st. KeyCorp restated a “hold” rating on shares of Cooper Companies, Inc. (The) in a research report on Monday, August 28th. Robert W. Baird restated a “buy” rating and set a $267.00 target price (up previously from $251.00) on shares of Cooper Companies, Inc. (The) in a research report on Sunday, September 3rd. Finally, Jefferies Group LLC restated a “buy” rating and set a $250.00 target price on shares of Cooper Companies, Inc. (The) in a research report on Thursday, July 6th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $261.11.

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Shares of Cooper Companies, Inc. (NYSE COO) traded up 0.6828% during midday trading on Wednesday, hitting $235.5675. 69,555 shares of the stock were exchanged. Cooper Companies, Inc. has a one year low of $158.73 and a one year high of $256.39. The stock’s 50-day moving average price is $242.36 and its 200 day moving average price is $230.16. The stock has a market cap of $11.53 billion, a P/E ratio of 33.7828 and a beta of 0.54.

Cooper Companies, Inc. (The) (NYSE:COO) last posted its quarterly earnings data on Thursday, August 31st. The medical device company reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.06. Cooper Companies, Inc. (The) had a net margin of 16.45% and a return on equity of 16.00%. The company had revenue of $556.00 million during the quarter, compared to analyst estimates of $552.32 million. During the same period in the prior year, the firm earned $2.30 earnings per share. The business’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts anticipate that Cooper Companies, Inc. will post $9.73 earnings per share for the current year.

Cooper Companies, Inc. (The) Company Profile

The Cooper Companies, Inc is a global medical device company. The Company operates through two business units: CooperVision, Inc and CooperSurgical, Inc CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses.

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Institutional Ownership by Quarter for Cooper Companies, Inc. (The) (NYSE:COO)

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