Teza Capital Management LLC reduced its position in shares of The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 17.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,921 shares of the medical device company's stock after selling 4,122 shares during the period. Teza Capital Management LLC's holdings in Cooper Companies were worth $1,739,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of COO. Byrne Asset Management LLC bought a new stake in Cooper Companies during the fourth quarter worth about $33,000. OFI Invest Asset Management bought a new stake in Cooper Companies during the fourth quarter worth about $34,000. New Age Alpha Advisors LLC bought a new stake in Cooper Companies during the fourth quarter worth about $38,000. Covestor Ltd raised its holdings in Cooper Companies by 35.5% during the fourth quarter. Covestor Ltd now owns 458 shares of the medical device company's stock worth $42,000 after acquiring an additional 120 shares in the last quarter. Finally, Atala Financial Inc bought a new stake in Cooper Companies during the fourth quarter worth about $51,000. 24.39% of the stock is owned by institutional investors and hedge funds.
Cooper Companies Price Performance
Cooper Companies stock opened at $82.92 on Friday. The Cooper Companies, Inc. has a 12 month low of $69.81 and a 12 month high of $112.38. The stock's 50 day moving average is $80.19 and its 200-day moving average is $90.10. The company has a current ratio of 1.91, a quick ratio of 1.12 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $16.58 billion, a price-to-earnings ratio of 42.52, a PEG ratio of 2.25 and a beta of 1.08.
Cooper Companies (NASDAQ:COO - Get Free Report) last posted its earnings results on Thursday, March 6th. The medical device company reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. Cooper Companies had a return on equity of 9.38% and a net margin of 10.07%. The company had revenue of $964.70 million for the quarter, compared to the consensus estimate of $981.25 million. Equities research analysts expect that The Cooper Companies, Inc. will post 3.98 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts recently issued reports on COO shares. BNP Paribas upgraded Cooper Companies to a "hold" rating in a report on Thursday, March 13th. Needham & Company LLC restated a "hold" rating on shares of Cooper Companies in a research note on Friday, March 7th. Stifel Nicolaus dropped their price objective on Cooper Companies from $115.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. JPMorgan Chase & Co. dropped their price objective on Cooper Companies from $120.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Finally, Robert W. Baird dropped their price objective on Cooper Companies from $117.00 to $107.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $110.25.
Check Out Our Latest Report on COO
About Cooper Companies
(
Free Report)
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.
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