Teacher Retirement System of Texas boosted its position in The Cooper Cos. (NYSE:COO) by 31.2% during the second quarter, Holdings Channel reports. The fund owned 3,473 shares of the medical device company’s stock after buying an additional 826 shares during the period. Teacher Retirement System of Texas’ holdings in The Cooper Cos. were worth $596,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. BlueMountain Capital Management LLC purchased a new position in shares of The Cooper Cos. during the first quarter worth approximately $113,000. Chilton Capital Management LLC purchased a new position in shares of The Cooper Cos. during the first quarter worth approximately $203,000. Daiwa Securities Group Inc. increased its position in shares of The Cooper Cos. by 20.0% in the second quarter. Daiwa Securities Group Inc. now owns 1,200 shares of the medical device company’s stock worth $206,000 after buying an additional 200 shares during the last quarter. HL Financial Services LLC purchased a new position in shares of The Cooper Cos. during the second quarter worth approximately $250,000. Finally, Parametrica Management Ltd purchased a new position in shares of The Cooper Cos. during the second quarter worth approximately $267,000. Hedge funds and other institutional investors own 98.67% of the company’s stock.
The Cooper Cos. (NYSE:COO) traded up 1.83% on Friday, reaching $179.26. 936,797 shares of the company traded hands. The company has a market capitalization of $8.74 billion, a P/E ratio of 35.10 and a beta of 0.20. The Cooper Cos. has a 12 month low of $119.28 and a 12 month high of $190.99. The company has a 50-day moving average price of $184.12 and a 200-day moving average price of $169.26.
The Cooper Cos. (NYSE:COO) last released its quarterly earnings results on Thursday, September 1st. The medical device company reported $2.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.29 by $0.01. The Cooper Cos. had a net margin of 13.14% and a return on equity of 14.89%. The firm had revenue of $514.70 million for the quarter. During the same period last year, the firm earned $1.97 EPS. The business’s quarterly revenue was up 11.5% on a year-over-year basis. Equities research analysts expect that The Cooper Cos. will post $8.43 EPS for the current year.
Several equities analysts have issued reports on COO shares. Stifel Nicolaus restated an “in-line” rating on shares of The Cooper Cos. in a research note on Friday, September 2nd. Piper Jaffray Cos. restated an “overweight” rating and issued a $185.00 price objective on shares of The Cooper Cos. in a research note on Tuesday, July 26th. Zacks Investment Research downgraded shares of The Cooper Cos. from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. BMO Capital Markets upped their price objective on shares of The Cooper Cos. from $199.00 to $206.00 and gave the company an “outperform” rating in a research note on Friday, September 2nd. Finally, Wells Fargo & Co. restated a “hold” rating on shares of The Cooper Cos. in a research note on Sunday, September 11th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $177.70.
In other news, EVP Albert G. White III sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $185.72, for a total value of $3,714,400.00. Following the completion of the sale, the executive vice president now owns 41,639 shares of the company’s stock, valued at approximately $7,733,195.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William A. Kozy bought 270 shares of the company’s stock in a transaction dated Tuesday, September 6th. The stock was bought at an average cost of $186.69 per share, with a total value of $50,406.30. Following the transaction, the director now directly owns 770 shares in the company, valued at approximately $143,751.30. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by insiders.
About The Cooper Cos.
The Cooper Companies, Inc (Cooper) is a medical device company. The Company operates through two business units: CooperVision, Inc (CooperVision) and CooperSurgical, Inc (CooperSurgical). CooperVision develops, manufactures and markets a range of soft contact lenses for the vision correction market. CooperVision offers Biofinity monthly spherical, toric and multifocal lenses under the Avaira brand.
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