Ilex Capital Partners UK LLP Cuts Position in The Cooper Companies, Inc. (NASDAQ:COO)

Ilex Capital Partners UK LLP decreased its holdings in The Cooper Companies, Inc. (NASDAQ:COO) by 65.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 236,504 shares of the medical device company’s stock after selling 444,576 shares during the period. Cooper Companies makes up about 1.8% of Ilex Capital Partners UK LLP’s investment portfolio, making the stock its 21st largest position. Ilex Capital Partners UK LLP’s holdings in Cooper Companies were worth $26,096,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Investment Management Corp of Ontario grew its position in Cooper Companies by 52.9% in the third quarter. Investment Management Corp of Ontario now owns 6,644 shares of the medical device company’s stock valued at $733,000 after acquiring an additional 2,300 shares in the last quarter. HighTower Advisors LLC grew its position in Cooper Companies by 11.7% in the third quarter. HighTower Advisors LLC now owns 20,506 shares of the medical device company’s stock valued at $2,261,000 after acquiring an additional 2,155 shares in the last quarter. Concentric Capital Strategies LP acquired a new stake in Cooper Companies in the third quarter valued at approximately $2,005,000. Atom Investors LP acquired a new stake in Cooper Companies in the third quarter valued at approximately $1,724,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cooper Companies in the third quarter valued at approximately $134,000. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Cooper Companies Stock Performance

Cooper Companies stock traded down $1.19 during mid-day trading on Tuesday, reaching $101.81. The company’s stock had a trading volume of 82,101 shares, compared to its average volume of 1,131,471. The firm has a market cap of $20.28 billion, a price-to-earnings ratio of 57.38, a PEG ratio of 2.26 and a beta of 0.97. The business has a 50 day moving average price of $105.18 and a 200-day moving average price of $98.62. The company has a current ratio of 1.99, a quick ratio of 1.18 and a debt-to-equity ratio of 0.33. The Cooper Companies, Inc. has a twelve month low of $82.55 and a twelve month high of $112.38.

Analyst Upgrades and Downgrades

Several analysts have issued reports on COO shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Cooper Companies in a research report on Wednesday, November 27th. Robert W. Baird raised their price target on shares of Cooper Companies from $118.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Stifel Nicolaus reissued a “buy” rating and set a $115.00 price target (up previously from $110.00) on shares of Cooper Companies in a research report on Thursday, August 29th. Morgan Stanley raised their price target on shares of Cooper Companies from $95.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Finally, Piper Sandler raised their price target on shares of Cooper Companies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.00.

Insiders Place Their Bets

In other Cooper Companies news, CAO Agostino Ricupati sold 1,601 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $108.03, for a total value of $172,956.03. Following the sale, the chief accounting officer now directly owns 4,818 shares in the company, valued at approximately $520,488.54. This trade represents a 24.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Daniel G. Mcbride sold 114,992 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $105.48, for a total value of $12,129,356.16. Following the completion of the sale, the chief operating officer now owns 44,696 shares in the company, valued at $4,714,534.08. The trade was a 72.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 256,373 shares of company stock valued at $27,637,427 over the last 90 days. 2.00% of the stock is owned by company insiders.

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.