Virtu Financial LLC Purchases Shares of 3,078 The Cooper Companies, Inc. (NASDAQ:COO)

Virtu Financial LLC acquired a new position in shares of The Cooper Companies, Inc. (NASDAQ:COO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,078 shares of the medical device company’s stock, valued at approximately $283,000.

A number of other institutional investors also recently made changes to their positions in the company. Byrne Asset Management LLC acquired a new stake in Cooper Companies during the 4th quarter worth approximately $33,000. OFI Invest Asset Management bought a new position in Cooper Companies during the 4th quarter worth $34,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Cooper Companies by 191.0% during the third quarter. Brown Brothers Harriman & Co. now owns 419 shares of the medical device company’s stock worth $46,000 after buying an additional 275 shares in the last quarter. West Financial Advisors LLC bought a new stake in shares of Cooper Companies in the fourth quarter valued at about $49,000. Finally, Atala Financial Inc acquired a new position in shares of Cooper Companies in the fourth quarter valued at about $51,000. Institutional investors own 24.39% of the company’s stock.

Wall Street Analysts Forecast Growth

COO has been the subject of several analyst reports. BNP Paribas upgraded shares of Cooper Companies to a “hold” rating in a research note on Thursday, March 13th. Piper Sandler reiterated an “overweight” rating and issued a $115.00 price target (down from $120.00) on shares of Cooper Companies in a research note on Friday, March 7th. Robert W. Baird reduced their price target on Cooper Companies from $117.00 to $107.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Citigroup dropped their price objective on Cooper Companies from $115.00 to $110.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, StockNews.com lowered 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 assigned a buy rating to the stock. According to MarketBeat.com, Cooper Companies has a consensus rating of “Moderate Buy” and a consensus target price of $110.25.

Cooper Companies Price Performance

Shares of COO stock opened at $84.98 on Friday. The business has a fifty day simple moving average of $89.52 and a 200 day simple moving average of $97.53. The company has a market cap of $16.99 billion, a P/E ratio of 43.58, a P/E/G ratio of 2.25 and a beta of 1.02. The company has a quick ratio of 1.12, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. The Cooper Companies, Inc. has a twelve month low of $77.05 and a twelve month high of $112.38.

Cooper Companies (NASDAQ:COO) last posted its earnings results on Thursday, March 6th. The medical device company reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. The firm had revenue of $964.70 million during the quarter, compared to analysts’ expectations of $981.25 million. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. On average, sell-side analysts forecast that The Cooper Companies, Inc. will post 3.98 EPS for the current fiscal year.

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.