MAI Capital Management Sells 240 Shares of Cooper Companies Inc (NYSE:COO)

MAI Capital Management lessened its holdings in Cooper Companies Inc (NYSE:COO) by 6.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,545 shares of the medical device company’s stock after selling 240 shares during the period. MAI Capital Management’s holdings in Cooper Companies were worth $1,050,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of COO. Dupont Capital Management Corp grew its holdings in Cooper Companies by 4.4% during the 4th quarter. Dupont Capital Management Corp now owns 881 shares of the medical device company’s stock valued at $224,000 after purchasing an additional 37 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Cooper Companies by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,141 shares of the medical device company’s stock valued at $545,000 after purchasing an additional 37 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Cooper Companies by 0.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,360 shares of the medical device company’s stock valued at $1,364,000 after purchasing an additional 41 shares in the last quarter. Raymond James Trust N.A. grew its holdings in Cooper Companies by 5.4% during the 4th quarter. Raymond James Trust N.A. now owns 814 shares of the medical device company’s stock valued at $207,000 after purchasing an additional 42 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in Cooper Companies by 24.3% during the 4th quarter. Rehmann Capital Advisory Group now owns 220 shares of the medical device company’s stock valued at $56,000 after purchasing an additional 43 shares in the last quarter.

Several research analysts have weighed in on COO shares. Piper Jaffray Companies reissued an “overweight” rating and set a $325.00 price objective on shares of Cooper Companies in a report on Wednesday, March 6th. Jefferies Financial Group raised their price objective on shares of Cooper Companies to $330.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Zacks Investment Research raised shares of Cooper Companies from a “hold” rating to a “buy” rating and set a $317.00 price objective for the company in a report on Friday, March 8th. KeyCorp raised their price objective on shares of Cooper Companies from $296.00 to $314.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Finally, Raymond James raised their price objective on shares of Cooper Companies from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $307.90.

In other news, Director Stanley Md Zinberg sold 740 shares of Cooper Companies stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $290.03, for a total value of $214,622.20. Following the completion of the transaction, the director now directly owns 17,421 shares of the company’s stock, valued at approximately $5,052,612.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jody S. Lindell sold 2,943 shares of Cooper Companies stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $296.28, for a total transaction of $871,952.04. The disclosure for this sale can be found here. Insiders sold a total of 87,030 shares of company stock valued at $25,461,465 over the last ninety days. Company insiders own 1.70% of the company’s stock.

Shares of NYSE COO traded up $1.03 during midday trading on Wednesday, hitting $293.54. The company’s stock had a trading volume of 192,620 shares, compared to its average volume of 347,722. Cooper Companies Inc has a 1-year low of $221.50 and a 1-year high of $302.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.75 and a current ratio of 1.27. The firm has a market capitalization of $14.45 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 2.27 and a beta of 0.85.

Cooper Companies (NYSE:COO) last posted its quarterly earnings results on Tuesday, March 5th. The medical device company reported $2.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.38. Cooper Companies had a net margin of 14.22% and a return on equity of 17.56%. The business had revenue of $628.10 million during the quarter, compared to analyst estimates of $618.50 million. Equities analysts forecast that Cooper Companies Inc will post 12.01 earnings per share for the current year.

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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.

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

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