Holocene Advisors LP Sells 140,233 Shares of The Cooper Companies, Inc. (NASDAQ:COO)

Holocene Advisors LP lessened its holdings in The Cooper Companies, Inc. (NASDAQ:COO) by 11.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,125,031 shares of the medical device company’s stock after selling 140,233 shares during the quarter. Holocene Advisors LP’s holdings in Cooper Companies were worth $124,136,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. B. Riley Wealth Advisors Inc. boosted its position in shares of 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 worth $120,000 after acquiring an additional 544 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Cooper Companies by 1,634.5% during the first 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 grew 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 worth $482,000 after buying an additional 4,170 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Cooper Companies by 309.5% in the 1st 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 during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in Cooper Companies by 100.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 37,788 shares of the medical device company’s stock worth $3,829,000 after acquiring an additional 18,917 shares in the last quarter. 24.39% of the stock is owned by institutional investors.

Cooper Companies Stock Performance

NASDAQ COO opened at $104.46 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.99 and a quick ratio of 1.18. The company has a market cap of $20.80 billion, a P/E ratio of 58.03, a P/E/G ratio of 2.26 and a beta of 0.99. The stock has a 50-day moving average of $105.18 and a two-hundred day moving average of $98.62. The Cooper Companies, Inc. has a 1-year low of $82.21 and a 1-year high of $112.38.

Insider Buying and Selling

In other news, CFO Brian G. Andrews sold 24,788 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $105.90, for a total transaction of $2,625,049.20. Following the completion of the sale, the chief financial officer now owns 6,614 shares in the company, valued at approximately $700,422.60. The trade was a 78.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Agostino Ricupati sold 1,601 shares of Cooper Companies stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $108.03, for a total transaction of $172,956.03. Following the completion of the transaction, the chief accounting officer now owns 4,818 shares in the company, valued at approximately $520,488.54. This represents a 24.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 256,373 shares of company stock valued at $27,637,427 in the last ninety days. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on COO. Wells Fargo & Company raised their price target on Cooper Companies from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Stifel Nicolaus reiterated a “buy” rating and set a $115.00 target price (up from $110.00) on shares of Cooper Companies in a report on Thursday, August 29th. Morgan Stanley lifted their price objective on shares of Cooper Companies from $95.00 to $104.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Robert W. Baird upped their price objective on Cooper Companies from $118.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cooper Companies in a research report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $117.00.

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.