Headlands Technologies LLC Increases Stock Holdings in The Cooper Companies, Inc. (NASDAQ:COO)

Headlands Technologies LLC boosted its stake in The Cooper Companies, Inc. (NASDAQ:COO) by 28.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,754 shares of the medical device company’s stock after acquiring an additional 11,099 shares during the quarter. Headlands Technologies LLC’s holdings in Cooper Companies were worth $4,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Byrne Asset Management LLC acquired a new position in shares of Cooper Companies during the fourth quarter worth $33,000. OFI Invest Asset Management purchased a new stake in Cooper Companies during the 4th quarter worth $34,000. New Age Alpha Advisors LLC acquired a new position in Cooper Companies in the 4th quarter worth $38,000. West Financial Advisors LLC purchased a new position in Cooper Companies in the 4th quarter valued at about $49,000. Finally, Atala Financial Inc acquired a new stake in shares of Cooper Companies during the fourth quarter valued at about $51,000. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Wall Street Analysts Forecast Growth

COO has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price target on Cooper Companies from $115.00 to $105.00 and set a “buy” rating for the company in a report on Friday, March 7th. Needham & Company LLC reiterated a “hold” rating on shares of Cooper Companies in a research note on Friday, March 7th. Wells Fargo & Company raised their price target on shares of Cooper Companies from $115.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Citigroup cut their price target on shares of Cooper Companies from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Finally, StockNews.com lowered shares of Cooper Companies from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $110.25.

Cooper Companies Stock Up 0.7 %

Shares of NASDAQ:COO opened at $84.35 on Tuesday. The company’s fifty day moving average is $89.15 and its two-hundred day moving average is $97.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.12 and a current ratio of 1.91. The Cooper Companies, Inc. has a 1-year low of $77.05 and a 1-year high of $112.38. The stock has a market capitalization of $16.87 billion, a price-to-earnings ratio of 43.26, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02.

Cooper Companies (NASDAQ:COO) last released its quarterly earnings data on Thursday, March 6th. The medical device company reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. The firm had revenue of $964.70 million for the quarter, compared to analyst estimates of $981.25 million. Equities analysts anticipate that The Cooper Companies, Inc. will post 3.98 EPS for the current year.

Cooper Companies Company Profile

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.