Seven Eight Capital LP bought a new position in shares of Cooper Companies, Inc. (The) (NYSE:COO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,500 shares of the medical device company’s stock, valued at approximately $838,000.

A number of other hedge funds also recently made changes to their positions in COO. Archford Capital Strategies LLC increased 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 period. Penserra Capital Management LLC increased its position in Cooper Companies, Inc. (The) by 9.5% during the first quarter. Penserra Capital Management LLC now owns 782 shares of the medical device company’s stock worth $156,000 after acquiring an additional 68 shares during the period. Pacer Advisors Inc. increased 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 period. Visionary Asset Management Inc. bought a new position in Cooper Companies, Inc. (The) during the second quarter worth $201,000. Finally, Dai Ichi Life Insurance Company Ltd bought a new position in Cooper Companies, Inc. (The) during the first quarter worth $206,000. 95.92% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Paul L. Remmell sold 9,294 shares of the firm’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $248.46, for a total value of $2,309,187.24. Following the transaction, the chief executive officer now owns 6,186 shares in the company, valued at $1,536,973.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Randal Golden sold 1,621 shares of the firm’s stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $243.65, for a total value of $394,956.65. Following the completion of the transaction, the vice president now owns 1,731 shares in the company, valued at approximately $421,758.15. The disclosure for this sale can be found here. Insiders have sold a total of 20,992 shares of company stock worth $5,167,628 in the last quarter. Company insiders own 1.60% of the company’s stock.

Several equities research analysts have issued reports on the stock. KeyCorp reissued a “sector weight” rating on shares of Cooper Companies, Inc. (The) in a report on Friday, July 21st. Stifel Nicolaus boosted their price target on shares of Cooper Companies, Inc. (The) from $265.00 to $275.00 and gave the company a “buy” rating in a report on Tuesday. J P Morgan Chase & Co reissued a “hold” rating and issued a $235.00 price target on shares of Cooper Companies, Inc. (The) in a report on Tuesday. Robert W. Baird reissued a “buy” rating and issued a $273.00 price target (up previously from $267.00) on shares of Cooper Companies, Inc. (The) in a report on Tuesday. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating and issued a $250.00 price target on shares of Cooper Companies, Inc. (The) in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $257.60.

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Shares of Cooper Companies, Inc. (NYSE:COO) opened at 245.21 on Friday. Cooper Companies, Inc. has a 52 week low of $158.73 and a 52 week high of $256.39. The firm has a market cap of $11.98 billion, a P/E ratio of 36.76 and a beta of 0.59. The stock has a 50 day moving average of $245.23 and a 200 day moving average of $224.59.

Cooper Companies, Inc. (The) (NYSE:COO) last posted its quarterly earnings data on Thursday, August 31st. The medical device company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.06. The firm had revenue of $556.00 million for the quarter, compared to analysts’ expectations of $552.32 million. Cooper Companies, Inc. (The) had a return on equity of 16.00% and a net margin of 16.45%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.30 EPS. Analysts anticipate that Cooper Companies, Inc. will post $9.72 earnings per share for the current fiscal year.

Cooper Companies, Inc. (The) 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.

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

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