Atom Investors LP Takes Position in The Cooper Companies, Inc. (NASDAQ:COO)

Atom Investors LP bought a new position in shares of The Cooper Companies, Inc. (NASDAQ:COO) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 15,628 shares of the medical device company’s stock, valued at approximately $1,724,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. raised its position in Cooper Companies by 84.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,187 shares of the medical device company’s stock valued at $120,000 after acquiring an additional 544 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Cooper Companies by 1,634.5% during the 1st quarter. Cetera Investment Advisers now owns 20,935 shares of the medical device company’s stock valued at $2,124,000 after purchasing an additional 19,728 shares in the last quarter. Cetera Advisors LLC lifted its stake in shares of Cooper Companies by 717.7% in the 1st quarter. Cetera Advisors LLC now owns 4,751 shares of the medical device company’s stock valued at $482,000 after purchasing an additional 4,170 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in Cooper Companies by 309.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 17,394 shares of the medical device company’s stock worth $1,765,000 after buying an additional 13,146 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in Cooper Companies by 100.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 37,788 shares of the medical device company’s stock valued at $3,829,000 after buying an additional 18,917 shares during the period. 24.39% of the stock is currently owned by institutional investors and hedge funds.

Cooper Companies Price Performance

Cooper Companies stock opened at $103.00 on Tuesday. The company has a fifty day simple moving average of $105.18 and a 200-day simple moving average of $98.62. The firm has a market capitalization of $20.51 billion, a price-to-earnings ratio of 57.22, a PEG ratio of 2.26 and a beta of 0.99. The company has a quick ratio of 1.18, a current ratio of 1.99 and a debt-to-equity ratio of 0.33. The Cooper Companies, Inc. has a 52-week low of $82.55 and a 52-week high of $112.38.

Analysts Set New Price Targets

A number of research analysts have weighed in on COO shares. Needham & Company LLC reiterated a “hold” rating on shares of Cooper Companies in a research report on Wednesday, November 27th. Wells Fargo & Company upped their price target on Cooper Companies from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Morgan Stanley raised their price objective on Cooper Companies from $95.00 to $104.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Piper Sandler upped their target price on Cooper Companies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Finally, Robert W. Baird lifted their price target on shares of Cooper Companies from $118.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $117.00.

Insider Buying and Selling

In other Cooper Companies news, CEO Albert G. White III sold 114,992 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $110.53, for a total transaction of $12,710,065.76. Following the transaction, the chief executive officer now owns 165,273 shares of the company’s stock, valued at approximately $18,267,624.69. The trade was a 41.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brian G. Andrews sold 24,788 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $105.90, for a total value of $2,625,049.20. Following the completion of the sale, the chief financial officer now directly owns 6,614 shares of the company’s stock, valued at $700,422.60. This trade represents a 78.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 256,373 shares of company stock worth $27,637,427. 2.00% of the stock is owned by insiders.

About Cooper Companies

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.