The Cooper Companies, Inc. (NASDAQ:COO) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its holdings in shares of The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 1.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 884,828 shares of the medical device company's stock after selling 11,271 shares during the period. Nuveen Asset Management LLC owned 0.44% of Cooper Companies worth $81,342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of COO. Byrne Asset Management LLC purchased a new position in Cooper Companies during the fourth quarter worth about $33,000. OFI Invest Asset Management purchased a new stake in shares of Cooper Companies during the 4th quarter worth $34,000. New Age Alpha Advisors LLC purchased a new stake in shares of Cooper Companies during the 4th quarter worth $38,000. Covestor Ltd increased its position in Cooper Companies by 35.5% during the 4th quarter. Covestor Ltd now owns 458 shares of the medical device company's stock worth $42,000 after purchasing an additional 120 shares in the last quarter. Finally, Atala Financial Inc acquired a new stake in Cooper Companies during the fourth quarter worth approximately $51,000. Hedge funds and other institutional investors own 24.39% of the company's stock.

Cooper Companies Price Performance

COO stock traded down $2.13 during midday trading on Wednesday, reaching $79.37. The company had a trading volume of 1,546,588 shares, compared to its average volume of 1,478,584. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.12. The Cooper Companies, Inc. has a 1 year low of $69.81 and a 1 year high of $112.38. The company has a market capitalization of $15.87 billion, a P/E ratio of 40.70, a P/E/G ratio of 2.25 and a beta of 1.08. The firm has a 50-day moving average price of $80.33 and a 200-day moving average price of $89.77.

Cooper Companies (NASDAQ:COO - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The medical device company reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $964.70 million during the quarter, compared to analyst estimates of $981.25 million. Cooper Companies had a net margin of 10.07% and a return on equity of 9.38%. On average, research analysts anticipate that The Cooper Companies, Inc. will post 3.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on COO shares. Needham & Company LLC restated a "hold" rating on shares of Cooper Companies in a report on Friday, March 7th. Citigroup decreased their target price on Cooper Companies from $115.00 to $110.00 and set a "buy" rating for the company in a research note on Friday, March 7th. BNP Paribas upgraded Cooper Companies to a "hold" rating in a research report on Thursday, March 13th. StockNews.com upgraded Cooper Companies from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Piper Sandler reissued an "overweight" rating and set a $115.00 price objective (down previously from $120.00) on shares of Cooper Companies in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.25.

Cooper Companies Company Profile

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.