The Cooper Companies, Inc. (NASDAQ:COO) Shares Bought by Tidal Investments LLC

Tidal Investments LLC grew its stake in shares of The Cooper Companies, Inc. (NASDAQ:COO) by 7.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,369 shares of the medical device company’s stock after purchasing an additional 1,043 shares during the quarter. Tidal Investments LLC’s holdings in Cooper Companies were worth $1,585,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Cooper Companies by 2.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,797 shares of the medical device company’s stock worth $593,000 after acquiring an additional 184 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Cooper Companies by 112.7% in the second quarter. Blue Trust Inc. now owns 553 shares of the medical device company’s stock worth $48,000 after acquiring an additional 293 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Cooper Companies by 4.8% in the second quarter. First Horizon Advisors Inc. now owns 2,709 shares of the medical device company’s stock worth $236,000 after acquiring an additional 125 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Cooper Companies by 6.3% in the second quarter. Fifth Third Bancorp now owns 8,465 shares of the medical device company’s stock worth $739,000 after acquiring an additional 502 shares in the last quarter. Finally, &PARTNERS acquired a new position in shares of Cooper Companies in the second quarter worth about $827,000. Institutional investors and hedge funds own 24.39% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Albert G. White III sold 114,992 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $110.53, for a total transaction of $12,710,065.76. Following the completion of the sale, the chief executive officer now owns 165,273 shares in the company, valued at approximately $18,267,624.69. This represents a 41.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on COO. Morgan Stanley cut their price objective on Cooper Companies from $104.00 to $102.00 and set an “equal weight” rating on the stock in a research note on Friday, December 6th. Stifel Nicolaus restated a “buy” rating and set a $115.00 price objective (up previously from $110.00) on shares of Cooper Companies in a research note on Thursday, August 29th. Citigroup cut their price objective on Cooper Companies from $116.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. StockNews.com lowered Cooper Companies from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, Robert W. Baird upped their target price on Cooper Companies from $118.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $117.00.

Cooper Companies Stock Performance

COO opened at $94.49 on Wednesday. The company has a market capitalization of $18.86 billion, a price-to-earnings ratio of 48.46, a price-to-earnings-growth ratio of 2.52 and a beta of 0.97. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.12. The Cooper Companies, Inc. has a 1-year low of $84.76 and a 1-year high of $112.38. The business has a 50 day moving average price of $103.04 and a two-hundred day moving average price of $99.00.

Cooper Companies (NASDAQ:COO) last released its earnings results on Thursday, December 5th. The medical device company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Cooper Companies had a return on equity of 9.38% and a net margin of 10.07%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 earnings per share. Research analysts predict that The Cooper Companies, Inc. will post 3.98 EPS for the current fiscal year.

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.