Aster Capital Management DIFC Ltd Has $318,000 Stock Position in The Cooper Companies, Inc. (NASDAQ:COO)

Aster Capital Management DIFC Ltd raised its holdings in shares of The Cooper Companies, Inc. (NASDAQ:COO) by 1,048.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,457 shares of the medical device company’s stock after purchasing an additional 3,156 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Cooper Companies were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of COO. Byrne Asset Management LLC bought a new stake in shares of Cooper Companies during the fourth quarter worth approximately $33,000. OFI Invest Asset Management acquired a new position in shares of Cooper Companies in the 4th quarter valued at $34,000. New Age Alpha Advisors LLC acquired a new stake in shares of Cooper Companies during the fourth quarter worth $38,000. West Financial Advisors LLC acquired a new position in Cooper Companies in the fourth quarter valued at about $49,000. Finally, Atala Financial Inc bought a new position in Cooper Companies during the fourth quarter worth about $51,000. Institutional investors own 24.39% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on COO. 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 report on Friday, March 7th. Stifel Nicolaus cut their target price on shares of Cooper Companies from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Needham & Company LLC reissued a “hold” rating on shares of Cooper Companies in a research report on Friday, March 7th. BNP Paribas upgraded shares of Cooper Companies to a “hold” rating in a research report on Thursday, March 13th. Finally, Citigroup reduced their target price on Cooper Companies from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $110.25.

Cooper Companies Stock Down 5.6 %

COO stock opened at $73.77 on Monday. The company has a market cap of $14.75 billion, a price-to-earnings ratio of 37.83, a P/E/G ratio of 2.25 and a beta of 1.01. The Cooper Companies, Inc. has a twelve month low of $73.34 and a twelve month high of $112.38. The business has a 50 day moving average price of $87.76 and a two-hundred day moving average price of $96.14. The company has a quick ratio of 1.12, a current ratio of 1.91 and a debt-to-equity ratio of 0.32.

Cooper Companies (NASDAQ:COO) last posted its earnings results on Thursday, March 6th. The medical device company reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. Cooper Companies had a return on equity of 9.38% and a net margin of 10.07%. The business had revenue of $964.70 million for the quarter, compared to analyst estimates of $981.25 million. Analysts anticipate 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.