Westwood Holdings Group Inc. Has $21.99 Million Stake in Cooper Companies Inc (NYSE:COO)

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Westwood Holdings Group Inc. cut its stake in Cooper Companies Inc (NYSE:COO) by 13.8% during the first quarter, HoldingsChannel.com reports. The fund owned 74,247 shares of the medical device company’s stock after selling 11,908 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Cooper Companies were worth $21,989,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Executive Wealth Management LLC purchased a new position in Cooper Companies during the 4th quarter worth $34,000. Financial Gravity Companies Inc. purchased a new position in Cooper Companies during the 4th quarter worth $46,000. Quadrant Capital Group LLC grew its stake in Cooper Companies by 827.8% during the 1st quarter. Quadrant Capital Group LLC now owns 167 shares of the medical device company’s stock worth $47,000 after buying an additional 149 shares during the last quarter. Zions Bancorporation N.A. purchased a new position in Cooper Companies during the 1st quarter worth $53,000. Finally, CNB Bank purchased a new position in Cooper Companies during the 1st quarter worth $59,000. Institutional investors and hedge funds own 95.98% of the company’s stock.

COO has been the topic of several research analyst reports. Piper Jaffray Companies restated an “overweight” rating and set a $325.00 target price on shares of Cooper Companies in a research note on Wednesday, March 6th. BMO Capital Markets boosted their target price on Cooper Companies from $306.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. KeyCorp boosted their target price on Cooper Companies from $296.00 to $314.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Raymond James lifted their price target on Cooper Companies from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Finally, Stephens lifted their price target on Cooper Companies from $305.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $315.36.

COO traded down $3.95 on Thursday, reaching $324.17. 7,000 shares of the stock were exchanged, compared to its average volume of 296,997. Cooper Companies Inc has a fifty-two week low of $225.62 and a fifty-two week high of $329.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.68 and a current ratio of 1.21. The stock has a market cap of $16.04 billion, a P/E ratio of 28.26, a P/E/G ratio of 2.46 and a beta of 0.78.

Cooper Companies (NYSE:COO) last issued its quarterly earnings results on Thursday, May 30th. The medical device company reported $2.94 EPS for the quarter, topping the Zacks’ consensus estimate of $2.76 by $0.18. Cooper Companies had a return on equity of 17.25% and a net margin of 16.46%. The company had revenue of $654.30 million during the quarter, compared to analysts’ expectations of $655.00 million. During the same quarter in the previous year, the firm posted $2.86 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. Analysts predict that Cooper Companies Inc will post 12.24 EPS for the current fiscal year.

In other news, SVP Agostino Ricupati sold 2,400 shares of the business’s stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $296.13, for a total value of $710,712.00. Following the completion of the transaction, the senior vice president now owns 400 shares of the company’s stock, valued at approximately $118,452. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert S. Weiss sold 52,156 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $323.74, for a total value of $16,884,983.44. Following the completion of the transaction, the director now directly owns 154,975 shares of the company’s stock, valued at approximately $50,171,606.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 150,856 shares of company stock valued at $46,131,542. 1.70% of the stock is currently owned by insiders.

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Cooper Companies Company Profile

The Cooper Companies, Inc operates as a medical device company worldwide. It operates through CooperVision and CooperSurgical business units. The company develops, manufactures, and markets a range of contact lenses, including spherical lenses, and toric and multifocal lenses that correct near- and farsightedness, as well as addresses various complex visual defects, such as astigmatism and presbyopia.

Further Reading: Asset Allocation and Your Retirement

Want to see what other hedge funds are holding COO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cooper Companies Inc (NYSE:COO).

Institutional Ownership by Quarter for Cooper Companies (NYSE:COO)

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