WCM Investment Management CA Has $90.10 Million Position in Cooper Companies Inc (COO)

WCM Investment Management CA boosted its position in Cooper Companies Inc (NYSE:COO) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 393,780 shares of the medical device company’s stock after acquiring an additional 9,921 shares during the quarter. Cooper Companies accounts for about 0.8% of WCM Investment Management CA’s holdings, making the stock its 13th biggest holding. WCM Investment Management CA owned 0.80% of Cooper Companies worth $90,101,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Cooper Companies by 0.9% in the first quarter. BlackRock Inc. now owns 3,647,931 shares of the medical device company’s stock valued at $834,681,000 after acquiring an additional 31,592 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Cooper Companies by 4.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,730,859 shares of the medical device company’s stock valued at $624,849,000 after acquiring an additional 119,970 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in Cooper Companies by 10.1% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,379,094 shares of the medical device company’s stock valued at $300,476,000 after acquiring an additional 126,156 shares in the last quarter. Frontier Capital Management Co. LLC raised its holdings in Cooper Companies by 6.6% in the first quarter. Frontier Capital Management Co. LLC now owns 699,460 shares of the medical device company’s stock valued at $160,043,000 after acquiring an additional 43,009 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Cooper Companies by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 583,128 shares of the medical device company’s stock valued at $126,817,000 after acquiring an additional 17,942 shares in the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on COO shares. Stephens reaffirmed a “hold” rating and issued a $270.00 target price on shares of Cooper Companies in a report on Friday, March 9th. Oppenheimer set a $265.00 target price on shares of Cooper Companies and gave the company a “hold” rating in a report on Thursday, March 29th. Zacks Investment Research cut shares of Cooper Companies from a “buy” rating to a “hold” rating in a report on Monday. Jefferies Group reaffirmed a “buy” rating and issued a $285.00 target price on shares of Cooper Companies in a report on Friday, March 9th. Finally, Goldman Sachs Group started coverage on shares of Cooper Companies in a report on Wednesday, April 4th. They issued a “neutral” rating and a $231.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $264.91.



In other news, CEO Robert S. Weiss sold 36,769 shares of Cooper Companies stock in a transaction on Monday, March 12th. The shares were sold at an average price of $242.35, for a total value of $8,910,967.15. Following the transaction, the chief executive officer now directly owns 135,936 shares of the company’s stock, valued at approximately $32,944,089.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carol R. Kaufman sold 13,362 shares of Cooper Companies stock in a transaction on Monday, March 12th. The shares were sold at an average price of $243.88, for a total transaction of $3,258,724.56. Following the completion of the transaction, the executive vice president now directly owns 59,305 shares in the company, valued at $14,463,303.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,846 shares of company stock worth $12,549,839. 1.60% of the stock is owned by corporate insiders.

COO stock traded up $0.32 during midday trading on Thursday, reaching $232.24. 3,912 shares of the company were exchanged, compared to its average volume of 308,454. The company has a current ratio of 2.83, a quick ratio of 1.61 and a debt-to-equity ratio of 0.75. Cooper Companies Inc has a 1-year low of $215.24 and a 1-year high of $260.26. The stock has a market cap of $11.37 billion, a P/E ratio of 23.91, a PEG ratio of 1.83 and a beta of 0.62.

Cooper Companies (NYSE:COO) last released its quarterly earnings data on Thursday, March 8th. The medical device company reported $2.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.28. Cooper Companies had a net margin of 7.83% and a return on equity of 16.90%. The company had revenue of $590.00 million for the quarter, compared to analysts’ expectations of $583.07 million. During the same quarter last year, the company earned $1.93 earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. equities research analysts predict that Cooper Companies Inc will post 11.82 earnings per share for the current year.

Cooper Companies 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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