361 Capital LLC Takes $736,000 Position in Cooper Companies Inc (COO)

361 Capital LLC purchased a new position in shares of Cooper Companies Inc (NYSE:COO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,102 shares of the medical device company’s stock, valued at approximately $736,000.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Cooper Companies by 3.3% during the second quarter. Vanguard Group Inc. now owns 4,938,181 shares of the medical device company’s stock worth $1,182,298,000 after buying an additional 156,449 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Cooper Companies by 4.5% in the second quarter. BlackRock Inc. now owns 3,210,032 shares of the medical device company’s stock valued at $768,546,000 after purchasing an additional 138,395 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Cooper Companies by 558.5% in the second quarter. Janus Henderson Group PLC now owns 2,175,791 shares of the medical device company’s stock valued at $520,937,000 after purchasing an additional 1,845,368 shares in the last quarter. Pioneer Investment Management Inc. lifted its holdings in shares of Cooper Companies by 136.6% in the second quarter. Pioneer Investment Management Inc. now owns 1,226,250 shares of the medical device company’s stock valued at $293,589,000 after purchasing an additional 708,028 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Cooper Companies by 39.1% in the second quarter. Bessemer Group Inc. now owns 575,951 shares of the medical device company’s stock valued at $137,895,000 after purchasing an additional 161,772 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

In other news, Director Gary S. Petersmeyer sold 3,977 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $244.94, for a total value of $974,126.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Shares of Cooper Companies Inc (COO) traded up $2.18 during mid-day trading on Wednesday, hitting $234.07. 497,174 shares of the stock traded hands, compared to its average volume of 421,463. The stock has a market capitalization of $11,245.60, a P/E ratio of 24.57, a PEG ratio of 1.92 and a beta of 0.54. The company has a quick ratio of 1.29, a current ratio of 2.51 and a debt-to-equity ratio of 0.38. Cooper Companies Inc has a fifty-two week low of $164.27 and a fifty-two week high of $256.39.

Several analysts have issued reports on the stock. J P Morgan Chase & Co reaffirmed a “hold” rating and issued a $235.00 price target on shares of Cooper Companies in a report on Tuesday, September 12th. Oppenheimer reissued a “hold” rating and issued a $250.00 price objective on shares of Cooper Companies in a research report on Tuesday, September 12th. Zacks Investment Research lowered shares of Cooper Companies from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Robert W. Baird reaffirmed a “buy” rating and set a $273.00 price target (up previously from $267.00) on shares of Cooper Companies in a research report on Tuesday, September 12th. Finally, Stifel Nicolaus upped their price target on shares of Cooper Companies from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday, September 12th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $260.70.

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About Cooper Companies

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 (NYSE:COO)

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